Loan Processor, Wholesale, Submission

Lensa; Plano (TX); Remote; USD 50,000 - 60,000; Full time

Job summary

Lensa is seeking a Loan Processor to join the team at Carrington in Plano, TX. In this entry-level role, you will be responsible for processing mortgage loans while ensuring compliance with company policies and federal regulations. The position offers an opportunity to enhance your skills in finance while working remotely, along with competitive pay and comprehensive benefits.

Benefits

Comprehensive healthcare plans

401(k) matching

Training programs

Employee referral bonuses

Educational reimbursement

Qualifications

• Minimum 1-2 years of loan processing experience.
• Strong knowledge of mortgage loan processing and underwriting guidelines.
• Ability to manage confidential information according to privacy policies.

Responsibilities

• Process mortgage loan files to ensure compliance with company and investor guidelines.
• Verify loan applications and gather necessary documentation.
• Communicate with various parties to resolve outstanding issues related to loans.

Skills

Organizational skills

Communication skills

Customer service skills

Computer skills

Education

High School diploma or equivalent work experience

Tools

Encompass/Empower

Microsoft Office

Job description

1 day ago Be among the first 25 applicants

Lensa is the leading career site for job seekers at every stage of their career. Our client, Carrington, is seeking professionals in Plano, TX. Apply via Lensa today!

Come join our amazing team and work Remote !

Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates. The target pay range for this position is $50,000.00 to $60,000.00.

What You’ll Do

• Receives and review loans submissions, monitors incoming documents, and verifies data collected by Broker.
• Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.
• Organizes and inputs loan information received into the company’s Loan Origination System (LOS).
• Maintains open files, orders appraisals, sends verifications, and acquires documentation related to Borrower and property.
• Ensures the quality and compliance of work with Company policies, procedures, and investor guidelines.
• Ensures that all loans are processed to meet Company and Investor guidelines
• Communicates with Escrow Officer/Settlement Agent, Title Officer, Realtor, Closing Agent, and Appraisal Management Company, and other external parties as required to resolve outstanding issues.
• Communicates with Sales Management, Account Executives, Operations Manager, Disclosure Department, Underwriting Department, Docs/Funding Department, and other internal staff as required to resolve outstanding issues.
• Informs Account Executive, Broker, and/or borrower about discrepancies in title, appraisals, credit, employment, income and other file related items and status of the loan and works to resolves any issues.
• Reviews and evaluates credit information on mortgage loan documents to determine acceptability for loan programs.
• Pulls or verifies credit reports and flood certificates as needed.
• Submits completed file to Underwriting Department for initial conditional approval.
• Ensures compliance deadlines are met with regards to issuance of initial disclosures.
• Process 4506T, lock confirmations and request Change of Circumstance (COC’s) as needed.
• Proactively monitors pipeline to ensure timely funding of loans
  
  

What You'll Need

• Maintains highly confidential information in accordance with Company’s privacy policy concerning borrower’s information (concerning borrower’s confidential information)
• Must demonstrate thorough knowledge of all aspects of mortgage loan processing function and underwriting guidelines.
• Excellent computer skills and working knowledge of Microsoft Office products.
• Strong skill in the use of office machines such as computer, copiers, fax machines.
• Strong customer service skills.
• Requires extremely high level of organizational skills and ability to work on several tasks simultaneously.
• Ability to maintain constant contact with borrower and internal office staff.
• Ability to communicate effectively both verbally and in writing.
• Ability to handle detailed assignments.
• Ability to organize and prioritize workload and meet deadlines.
• Requires a High School diploma or equivalent work experience.
• One to two (1-2) years Loan Processing work experience required.
• Encompass/Empower experience preferred.
• Desktop Underwriting (“DU”), Loan Prospector (“LP”) and/or other Automated Underwriting Engines (“AUS”) experience preferred.
  
  

Our Company

Carrington Mortgage Services-Wholesale Lending is part of The Carrington Companies. We provide third-party originators, mortgage brokers and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonwholesale.com .

What We Offer

• Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
  
  

Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  IT Services and IT Consulting

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