Loan Processor, Wholesale, Submission

Lensa; Owings Mills (MD); Remote; USD 50,000 - 60,000; Full time

Job summary

Lensa is seeking an entry-level Loan Clerk to join our team remotely. The ideal candidate will have experience in loan processing and knowledge of underwriting guidelines. Responsibilities include reviewing loan submissions, verifying documents, and maintaining quality assurance. We offer comprehensive healthcare plans, a 401(k) match, and various employee discounts.

Benefits

Comprehensive healthcare plans

50% match on 401(k)

Employee discounts on fitness and dining

Career development training programs

Educational reimbursement

Community involvement opportunities

Qualifications

• 1-2 years of experience in loan processing.
• Thorough knowledge of mortgage loan processing and underwriting guidelines.
• Ability to handle detailed tasks and prioritize workload.

Responsibilities

• Review loan submissions and verify data collected by brokers.
• Input loan information into the company’s Loan Origination System (LOS).
• Coordinate with external parties to resolve issues.

Skills

Customer Service

Organizational Skills

Effective Communication

Education

High School Diploma or Equivalent

Tools

Microsoft Office

Encompass/Empower

Job description

Come join our amazing team and work remotely!

Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards, and ensuring completeness of submissions. Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Performs all duties in accordance with company policies, procedures, and applicable US laws and regulations. The target pay range for this position is $50,000 to $60,000.

What You’ll Do

• Review loan submissions, monitor incoming documents, and verify data collected by brokers.
• Obtain necessary information to process and complete mortgage loan files.
• Input loan information into the company’s Loan Origination System (LOS).
• Maintain open files, order appraisals, send verifications, and acquire documentation related to borrowers and properties.
• Ensure work quality and compliance with company policies and investor guidelines.
• Coordinate with external parties such as escrow officers, title officers, realtors, and appraisal management companies to resolve issues.
• Communicate with internal departments to resolve outstanding issues.
• Inform borrowers and brokers about discrepancies and loan status, working to resolve issues.
• Review credit information to determine loan acceptability.
• Verify credit reports and flood certificates as needed.
• Submit files for initial conditional approval and ensure compliance deadlines are met.
• Process 4506T, lock confirmations, and change of circumstance requests.
• Monitor pipeline to ensure timely funding of loans.

What You'll Need

• Maintain confidentiality of borrower information.
• Thorough knowledge of mortgage loan processing and underwriting guidelines.
• Proficiency in Microsoft Office and office equipment.
• Strong customer service and organizational skills.
• Effective communication skills, both verbal and written.
• Ability to handle detailed tasks and prioritize workload.
• High school diploma or equivalent; 1-2 years of loan processing experience.
• Experience with Encompass/Empower, DU, LP, or other AUS preferred.

Our Company

Carrington Mortgage Services-Wholesale Lending, part of The Carrington Companies, provides access to various loan programs and low down payment options. Join our talented team and help transform residential real estate. More info at: www.carringtonwholesale.com.

What We Offer

• Comprehensive healthcare plans and a 50% match on the first 4% of your 401(k).
• Employee discounts on fitness, dining, retail, and more.
• Career development training programs.
• Employee referral bonuses.
• Educational reimbursement.
• Community involvement through the Carrington Charitable Foundation.

We are an equal opportunity employer and provide accommodations for applicants with disabilities.

Additional Details

Seniority level: Entry level

Employment type: Full-time

Job function: Finance and Sales

Industries: IT Services and IT Consulting

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