LOA/Processor

From the acquisition of New Penn Financial by New Residential Investment Corp. comes NewRez. It’s more than just a new name, it’s new opportunities! It’s an exceptionally strong organization with a reputation for quality and a get-it-done attitude. Now backed by the financial resources, expertise and unparalleled capabilities that will allow us to rise like never before.

Founded in just 2008 as a start-up, we have grown to over 3,000+ employees in nearly 150 offices and are licensed to lend in 49 states plus DC. We have earned the recognition of Inc. Magazine’s 500/5000 Lists of Fastest Growing Private Companies, hold a position on Mortgage Executive Magazine’s list of 50 Best Companies to Work For, and regularly appear on the Scotsman Guide list of top lenders, to name a few.

The NewRez Mission:

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.

Company Perks:

• 15 Paid Time Off (PTO) days and 18 after 1^stanniversary!
• 8 Paid Holidays
• Casual Workplace
• Employee Engagement Activities

Company Benefits:

• Medical (including Health Savings Account & Flexible Savings Account)
• Dental - RX – Vision – Life, Disability Insurance
• 401(k) Plan with company match!
• Employee Assistance Plan
• Pet Insurance!

Primary Function  

The Loan Processor is responsible for all aspects of the loan process from application to closing, ensuring all critical dates are met to allow for on time closings.  

Principal Duties  

• Reviews loan upfront for completeness and order required 3^rdparty verifications and documentation for the loan file.
• Communicates with the borrower and Sales in a timely manner and requests missing documentation. 
• Works in conjunction w/ Sales to ensure every loan in their pipeline is moving through the process.
• Maintains daily workflow prioritization to ensure loans on target closing list are being worked on accordingly.
• Communicates actively w/ any third parties tied to the transaction including the appropriate Title Company, AMC or other Vendor.
• Requests conditions requested by the underwriter to the borrower and to Sales.  Review this documentation to ensure it will be acceptable to the underwriter.
• Communicates any and all loan changes to Sales.
• Processes all loan files pursuant to the NPF Processing and CTC checklist.
• Prepares loan file for final clear to close with Underwriting.
• Coordinates closing through the borrower, Title Company and Sales, and request closing through the appropriate department.
• Follows loan through the funding process.

Requirements

• Bachelor’s Degree is preferred
• Must have four (4) to (5) years of experience processing loans
• Must have four (4) years mortgage experience

• Current knowledge of FHLMC, FNMA, VA & FHA guidelines.

• Excellent written and verbal communication skills
• Proficient with MS Office
• Will need to work independently with minimal supervision

• Must be detail-oriented and demonstrate careful decision-making skills.
• Basic working knowledge of loan origination systems, Microsoft Word and Excel. 
• Ability to prioritize loan files based on dates received, contingency dates and close dates.  
• Must possess the ability to work efficiently and accurately in a fast-paced environment. 
• Ability to handle competing priorities effectively and within established timeframes.
• Excellent interpersonal skills and pleasant disposition.