Mortgage Loan Processor

Candidate will be responsible for the entire end-to-end mortgage loan process. They will gather and process all loan documentation and ensure compliance with policy, regulatory, and loan terms.

ROLE AND RESPONSIBILITIES

• Review all loans for completeness, accuracy, and compliant (TRID, REG B, HOEPA etc)
• Demonstrate and encourage integrity and alignment with company vision, mission and core values.
• Order and follow up on all 3rd party requests, vendor reports, customer documents / data ; including but not limited to: tax transcripts, appraisal reports, verifications of employment, case number, title work
• Prompt and accurate review of files averaging no more than 4 new submission & 4 sets of conditions per day (i.e. 40 in a 20 work day month).
• Average Pipeline: 45-50 loans per month / per processor
• Average Closing: 25-30 loans per month / per processor.
• Update data in LOS to ensure data integrity; Always make notes in LOS where designated.
• Complete required fields, documents, tasks and milestones as required in a timely and accurate manner.
• Order and follow-up on customer documents, vendor reports and other internal quality control items such as tax transcripts, appraisal conditions, verifications of employment, case number assignments to provide a complete and quality loan file to department partners.
• Monitor pipeline to ensure timely and compliant file flow based on current SLA's “Service Level Agreements” and metric.
• Ability to meet deadlines, schedules and budget restraints.
• Maintain Service Level Agreements set by management / Monitor pipeline & email constantly through the day.
• Able to work overtime as business necessitates.

Qualifications

• High school diploma or equivalent
• Previous experience with mortgage loan processing
• Knowledge of FHA, VA, Conventional, and USDA loans
• Knowledge of Encompass or Datatrac is preferred but not required.
• Self-starter with initiative to use resources to problem solve, attention to detail, handles multiple tasks simultaneously.
• PREFERRED SKILLS:
• Computer skill required; includes working knowledge of MS Outlook, Excel, Word, Access and Power Point.
• Clear oral and written communication that is positive, professional, and kind at all times.
• Interpersonal skill required; includes reliability, leadership, develop working relationships with partners.
• Language skill required; includes the ability to read and comprehend oral and written instruction.
• Mathematical skill required; includes the ability to add, subtract, multiply, and divide.
• Effectively manage multiple tasks in a fast paced working environment.```Duties```

- Review loan applications and ensure all required documents are complete and accurate
- Verify applicant information, including employment, income, and credit history
- Calculate debt-to-income ratios and determine loan eligibility
- Prepare loan files for underwriting and submit to appropriate departments for approval
- Communicate with borrowers, loan officers, and other parties involved in the loan process to gather necessary information and resolve any issues
- Coordinate with escrow companies, title officers, and other third parties to ensure a smooth closing process
- Maintain confidentiality of borrower information and adhere to all applicable privacy laws and regulations

```Qualifications```
- Previous experience as a Loan Processor or similar role in the financial services industry
- Knowledge of loan origination processes and procedures
- Familiarity with escrow, credit analysis, and basic math calculations
- Proficiency in 10-key typing and data entry
- Strong attention to detail and ability to accurately review and analyze documents
- Excellent communication skills, both written and verbal
- Ability to multitask and prioritize tasks in a fast-paced environment
- Knowledge of FNMA guidelines and regulations is a plus

Please note that this job description is not exhaustive and additional duties may be assigned as needed.

Job Type: Full-time

Pay: $50,000.00 - $55,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Middle River, MD 21220: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Fair Housing regulations: 1 year (Preferred)
• Customer service: 1 year (Preferred)

Work Location: In person

Salary : $50,000 - $55,000