Loan Processor

We are seeking a detail-oriented and experienced Loan Processor to join our mortgage operations team. The successful candidate will be responsible for managing and coordinating the loan application process, ensuring accuracy, compliance, and a seamless experience for our clients.

Responsibilities

Application Review:

• Thoroughly review loan applications to ensure completeness, accuracy, and compliance with regulatory requirements.
• Collaborate with loan officers and clients to gather additional information or documentation as needed.

Document Preparation:

• Prepare and organize loan files, including all required documentation for underwriting and final approval.
• Verify applicant information and resolve any discrepancies to facilitate a smooth processing workflow.

Communication with Stakeholders:

• Act as a liaison between loan officers, underwriters, and clients to facilitate clear communication and address inquiries.
• Provide regular updates to all parties involved in the loan process.

Underwriting Support:

• Assist underwriters by providing necessary information and documentation for loan file review.
• Address any conditions or additional requirements identified during the underwriting process.

Compliance Management:

• Ensure all loan files adhere to company policies and regulatory standards.
• Stay informed about changes in mortgage regulations and implement adjustments as necessary.

Timeline Management:

• Track and manage loan processing timelines to ensure timely closings.
• Proactively identify and address potential delays to keep the loan process on schedule.
• High school diploma or equivalent; additional education or training in mortgage lending is a plus.
• Proven experience as a Loan Processor or in a similar role within the mortgage industry.
• Familiarity with loan processing software and systems.
• Strong attention to detail and organizational skills.
• Excellent communication and interpersonal abilities.
• Ability to thrive in a fast-paced, deadline-driven environment.
• Must be experienced with Encompass LOS