Job Posting for Loan Processor at Two Harbors Investment Corp.

Position Summary
The Loan Processor is a reliable mortgage professional who thrives in a fast-paced environment. Loan Processor supports both the origination and operation functions of residential conventional and government mortgages while providing the highest level of customer service both internal & external.
The Loan Processor reports directly to the Processing Manager. The Loan Processor also works closely and communicates with loan officers, underwriters, and closers to assist and gather documentation necessary for final loan processing, approval and closing.
Primary Responsibilities

Reviews all documents submitted by borrower within 48 hours of receipt.
Direct communication with all borrowers via email and/or phone, returning all calls within 24 hours.
Reviews accuracy and completeness of Loan Application, Automated Underwriting System and Credit Report.
Review entire credit report for accuracy. (I.E correct name (Jr, Sr etc.), property addresses (within 2 years and not on URLA), recent inquiries, liabilities, collections, Social Security numbers and any possible alerts etc.)
Orders and retrieves 3rd party services (I.E. Credit report, Credit refresh, Credit supplements, Tax transcripts, Flood certificates, Fraud guard, VOE’s, Payoffs etc.)
Review initial disclosures and check for signatures and dates.
Review and calculate all types of income and any other mortgage related documents.
Ordering all related condo documents if applicable (I.E. Master policy, budget, condo questionnaire etc.)
Review and analyze appraisal reports for accuracy (I.E. Name & property address, value, and date of appraisal.)
Review title reports for the following but not limited to: Effective date, loan amount, proposed insured, open liens/judgments and tax information.
Responsible for properly updating Encompass to ensure current and accurate data.
Submits complete file to Underwriter for initial underwrite & final review.
Clear all prior-to-doc conditions.
Effective communication with all parties and usage of the conversation log in Encompass to notate the loan files.
Strong pipeline management skills to ensure closing dates are met.
Participates in weekly pipeline reviews with the Loan Officer and Processing Manager providing status of all files.
Assist closing & post-closing with any additional documents or information needed to close out file.
Keep informed of trends and developments in the mortgage industry to include regulation changes.
Processor will meet Round Point’s commitment to compliance and keep abreast of industry new products and guidelines.
Redisclosing for change in circumstances if applicable.
Title review and updates
Ordering additional appraisal reports, if applicable (I.E. final inspection)

Qualifications

Required:

High School diploma or equivalent required
4 years mortgage experience in a mortgage processing position
Must have ability to verify all elements of a 1003, credit report, title quotes, tax certs, AUS, and mortgage Insurance.
Working knowledge of conventional and government loan programs
Strong organizational skills, attention to detail and work in a high volume & ever-changing mortgage industry
Knowledge of consumer regulations—RESPA, TILA, TRID, HMDA, ECOA and all Fair Lending laws.
Proficiency in Encompass LOS preferred and the ability to readily learn and operate effectively in other business technology applications required.
Ability to work overtime when needed.
Excellent communication and rapport building skills, promoting productive working relationships.
Maintain sense of urgency.
Maintain a level of professionalism when communicating with external clients.
Ability to effectively communicate across multiple departments-originations, underwriting, secondary, processing and closing.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

Desired:

Associate degree
Encompass experience
Advanced working knowledge of Word and Excel.
Working in fast-paced, high tech, and business paperless environment

About RoundPoint Mortgage Servicing LLC
RoundPoint Mortgage Servicing LLC is a fully integrated, non-bank mortgage company, with a subservicing portfolio of approximately 850,000 loans. In 2023, RoundPoint was acquired by Two Harbors Investment Corp. (NYSE: TWO), reaffirming its commitment to MSR as core and essential to our business strategy and our future. A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.
Founded in 2009, Two Harbors has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT). We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.

Location

Fort mill, SC

Employee Status

Regular

Travel

Telecommuter Position

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