Branch Loan Processor (Fluent Russian Required)

loanDepot; Cleveland (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

loanDepot is seeking a Branch Loan Processor fluent in Russian to independently process conventional and government real estate loans. You will review files, gather required documents, and ensure timely closing while maintaining up-to-date knowledge of guidelines and programs.

You will collaborate with Loan Consultants and Processing Managers, manage a full pipeline, and aim to meet monthly funding targets. High school diploma required; FHA/VA and DU experience strongly preferred.

Qualifications

• Russian fluency (spoken and written) is required.
• 5+ years of loan processing experience required.
• FHA/VA product experience required.
• Automated Underwriting (DU) experience required.
• Purchase processing experience preferred.
• High school diploma or GED required.

Responsibilities

• Review loan files and determine what documentation is required to meet investor guidelines.
• Communicate with internal and external customers generally within 2 hours.
• Utilize pipeline reports to manage loans and prioritize daily workflow.
• Become proficient with document management system and update information accurately.
• Consult with Loan Processing Manager weekly on loan status and prioritizes workflow.
• Maintain current knowledge of guidelines and loan programs.
• Submit loan documentation and files to Underwriting monthly.

Skills

Russian language fluency

5+ years loan processing experience

FHA/VA product experience

Automated Underwriting (DU) experience

Purchase processing experience

Education

High school diploma or GED

Tools

Document management system

Job description

Branch Loan Processor (Fluent Russian Required)

Loan Processors will work independently processing both conventional and government products. They will examine and evaluate approval of customer applications for real estate loans and will be responsible for the closing of loans in a timely manner.

Responsibilities

• Review loan files and determine what documentation is required to meet investor guidelines
• Communicate and respond to internal customers (Loan Consultants, Processing Managers) and external customers (borrowers, 3rd party vendors) generally within 2 hours
• Utilize pipeline reports to effectively manage loans and prioritize daily workflow
• Become proficient with document management system and update all information appropriately and accurately in system
• Consult with Loan Processing Manager weekly on loan status and prioritizes workflow accordingly
• Maintains current knowledge of guidelines and loan programs
• Requests, organizes, and processes loan documentation and independently submitting files to Underwriting monthly
• Successfully manage a full pipeline, month over month
• Consistently hit monthly funding requirements based on pipeline size and current market conditions

Requirements

• Fluency in Russian (spoken and written) is required.
• 5+ years loan processing experience required
• FHA/VA product experience required
• Automated Underwriting (DU) experience required
• Purchase processing experience preferred
• High school diploma or general education degree (GED) required

Why work for #teamloanDepot

• Aggressive compensation package based on experience and skillset
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
• Work with other passionate, purposeful and customer-centric people
• Extensive internal growth and professional development opportunities including tuition reimbursement
• Wellness program to support both mental and physical health
• Generous paid time off for both exempt and non-exempt positions

About loanDepot

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.