Mortgage Loan Processing Supervisor supervises a team of loan processors to ensure that new mortgage loan packages are processed and completed according to established policies and procedures. Ensures operations are efficient and effective. Being a Mortgage Loan Processing Supervisor evaluates files for accuracy, completion, and compliance with governmental regulations. Trains and supports a team of processors on current and new procedures. Additionally, Mortgage Loan Processing Supervisor may prepare loans for underwriting. Requires a high school diploma or its equivalent. Typically reports to a manager or head of a unit/department. The Mortgage Loan Processing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Mortgage Loan Processing Supervisor typically requires 3 years experience in the related area as an individual contributor. (Copyright 2024 Salary.com)
Responsibilities:
- Originate and process loan applications from start to finish
- Evaluate loan applications and determine the creditworthiness of borrowers
- Negotiate loan terms and conditions with borrowers
- Collect and analyze financial information to assess the borrower's ability to repay the loan
- Provide guidance and assistance to borrowers throughout the loan application process
- Ensure compliance with all applicable laws, regulations, and company policies
- Maintain accurate and up-to-date records of all loan transactions
- Collaborate with underwriters, appraisers, and other professionals involved in the loan process
- Stay informed about current market trends, products, and regulations related to mortgage lending
Qualifications:
- Proven experience as a Loan Officer or similar role
- Strong knowledge of loan origination processes and procedures
- Proficiency in 10-key typing and data entry
- Familiarity with FNMA guidelines and requirements
- Understanding of escrow procedures and documentation
- Excellent math skills for calculating interest rates, payments, and other financial figures
- Experience using accounting software for financial analysis and reporting
- Knowledge of mortgage servicing practices and procedures
- Ability to effectively communicate complex financial information to clients
- Strong sales skills with a focus on achieving targets and meeting deadlines
- Thorough understanding of Fair Housing regulations
If you are a motivated individual with a passion for helping people achieve their homeownership dreams, we want to hear from you. Join our team as a Loan Officer and take your career to new heights. We offer competitive compensation packages, comprehensive benefits, and opportunities for professional growth. Apply now to be part of our dynamic team!
Job Type: Full-time
Pay: $54,922.43 - $66,143.13 per year
Benefits:
Compensation package:
Schedule:
Work setting:
Experience:
License/Certification:
Work Location: Remote
Clear All
0 Mortgage Loan Processing Supervisor jobs found in Alamogordo, NM area