Processor

Panorama Mortgage Group Llc; Región Centro; On-site; MXN 719,000 - 1,169,000; Full time

Job summary

Panorama Mortgage Group Llc is seeking a diligent Loan Processor to own residential mortgage loan files from post-origination to closing. You will gather and review documentation, ensure compliance, and coordinate with loan officers and partners to maintain a high service level.

Responsibilities include reviewing files within tight timelines, maintaining a healthy pipeline, and using Encompass to verify income, assets, and disclosures.

Qualifications

• High School Diploma or Equivalent.
• Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines.
• Knowledge of federal and state mandated consumer disclosure requirements.
• Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
• Proficient in data entry and management.
• 1–3 years recent loan processing experience in mortgage industry.
• Familiarity with TRID (TILA/RESPA Integrated Disclosure).
• Strong judgment and decision-making skills.
• Ability to work under pressure and meet deadlines with minimal supervision.
• Excellent customer service and organizational skills.
• Experience using Encompass.
• Timely communication according to department standards.

Responsibilities

• Review new files within 48 hours of receipt and verify compliance documents are issued.
• Maintain a pipeline of 25 or more loan files.
• Order documents to satisfy AUS, investor and agency requirements.
• Verify and track documents in Encompass.
• Review documents within 24 hours and address discrepancies.
• Use documents to verify income/assets and update Encompass.
• Prepare files for underwriting submission.
• Clear approval or suspense conditions as outlined by underwriter/closer.
• Ensure closing documents are included and reviewed within 24 hours of receipt.
• Process loans to meet purchase contract deadlines and rate lock expirations.
• Submit files to closing upon obtaining CTC – approval milestone.
• Assist other processors, underwriters and closing departments as needed.
• Respond to customer inquiries and related parties.

Skills

Customer service

Organizational skills

Time management

Communication skills

Detail oriented

Education

High School Diploma or Equivalent

Tools

Encompass

Fannie Mae Desktop Underwriter

Freddie Mac Loan Prospector

Job description

Description

The Loan Processor takes ownership of Residential Mortgage loan files after Origination and works to fulfill the requirements to advance them to Closing.? This includes obtaining, reviewing, and assembling documentation, along with preparing and submitting files.? Loan Processors work closely with Customers, Loan Officers, and both internal and external partners providing a high level of service in a professional manner.

Key Responsibilities:

• Review new files within 48 hours of receipt and verify that compliance documents were issued within proper time frame. Notify the appropriate staff member if additional documentation or information is needed.
• Maintain a pipeline of 25 or more loan files
• Order all necessary documents to satisfy AUS findings, investor and agency requirements.
• Verify, Review and track all requested documents in Encompass.
• Review documentation received within 24 hours of receipt and follow up in the event of discrepancies or omitted data. ?During documentation review, if any discrepancies are identified immediately notify Loan Originator or appropriate team member.
• Use documentation to perform functions, such as calculating verified income or verifying assets, and update Encompass accordingly.
• Review, organize and prepare loan for underwriting submission.
• Clear any approval or suspense conditions as outlined by the underwriter, or closer.
• Ensure that all appropriate closing documentation is in the loan file (i.e. title documentation, homeowners’ insurance & third-party invoices). Documents are to be reviewed within 24 hours of receipt and communicated with Loan Originators.
• Loans are to be processed to meet purchase contract deadlines and rate lock expiration dates.
• File submitted to closing department upon obtaining CTC – approval milestone.
• Assist other processors, Underwriters and Closing departments as needed.
• Respond to customer inquiries and other related parties on a transaction as determined by Loan Originator.
• Assist with the clearing of post-closing conditions received to avoid any financial loss.
• Knowledge of current state's regulatory lending laws and requirements.
• Experience using Government sites for VA and FHA files to place orders and obtain case numbers.
• Maintain a focus on enhancing customer service skills and knowledge.
• Ensure KPI’s are met set forth by the branch manager or corporate processing manager.
• Maintain quality and data integrity of all loan files.
• Perform other duties as assigned.

Requirements

Education/Experience:??

• High School Diploma or Equivalent
• Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines
• Knowledge of general federal and state mandated consumer disclosure requirements
• Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
• Proficient in data entry and management
• One (1) to Three (3) years recent loan processing experience in the mortgage industry required
• Familiarity with TILA / RESPA Integrated Disclosure (TRID)
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent customer service skills
• Excellent organizational skills
• Experience using Encompass
• Timely communication and response times according to department standards

Language:

• English preferred, Bi-Lingual (English/Spanish) desired.