Job Details

ID #1991807
State California
City San diego
Full-time
Salary USD TBD TBD
Source California
Showed 2019-03-24
Date 2019-03-18
Deadline 2019-05-17
Category Real estate
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Loan Processor (SAN DIEGO)

California, San diego 00000 San diego USA

Vacancy expired!

Job Description:

The primary focus of Mortgage Loan Processor is to facilitate communication with Investor, Borrowers, Real Estate Agents, Loan Officers and Escrow (closing parties). Duties include ensuring compliance, opening, and closing loans, creating disclosures, satisfying loan conditions and exceeding customer satisfaction.

Mortgage Loan Processor will:

Organize files and ensure timely and accurate execution of a wide range of loan processing functions.

Identify high-quality loan applications and maintain an expedient and balanced distribution of workflow for their mortgage processing pipeline.

Perform a full range of mortgage loan processing steps to produce a complete loan file, obtain conditions, and ensure that the loan package is fully prepared for closing.

Communicate directly and indirectly with Underwriters to obtain the information and/or documentation necessary to make a loan decision.

Pre-underwrite mortgage loans and follow the appropriate guidelines. This includes gathering and processing documentation, compilation and analysis of credit history, income documentation, debt and other factors in order to assist underwriters to accurately approve or recommend denial of mortgage applications within the allowed lending guidelines or limits.

Coordinate opening and closing with third party closing agents (title, escrow, and attorneys), prepare loan closing documentation; utilize checklists to ensure all essential documentation will be available at the closing.

Verify loan data for accuracy and completeness; including complete electronic and/or hardcopy applications, transmittal summaries, verification for employment (VOE), verification of rent (VOR), gather loan information, and other supporting documents to include in the electronic submission; prepare documentation for mortgage insurance or government guarantee.

Prepare and send documentation to clients, vendors, and other appropriate sources, ensure that loan production is maintaining follow-up and/or requesting information in a timely manner and address problems or other matters related to loan document processing.

Prepare and send files for VA, CONVENTIONAL, and FHA approval.

Keep track and follow-up on documentation necessary to meet the pre-closing conditions and to close. Interact with clients as needed to collect documents, assist with rate locks and gather any other paperwork needed for closing.

Process all mortgage loan functions in a timely and efficient and accurate manner, including accurate entry of loan application information in the mortgage loan software programs.

Stay informed about market trends, available products, mortgage underwriting and processing standards, compliance, and regulatory requirements.

Perform other related duties as assigned.

Job Competencies:

Strong organizational, multi-tasking, data and information managing, writing and customer centric service skills required.

Strong written and oral communication skills to deal with internal and external contacts.

Competent knowledge and experience with Microsoft Office products and financial systems programs.

Comprehensive knowledge of mortgage lending procedures, regulation, standards, and processes.

Ability to analyze tax returns and make sound decisions regarding loan risk.

Ability to work efficiently and quickly in a fast-paced environment and to work overtime when loan volumes require extra effort

Vacancy expired!

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