Loan Processor, Wholesale, Submission

Carrington Holding Company, LLC; United States; Remote; USD 50,000 - 60,000; Full time

Job summary

Join a leading company as a Loan Processor in a remote role. You'll be responsible for processing mortgage loans, ensuring compliance with guidelines, and maintaining communication with various stakeholders. Ideal candidates will have strong organizational and customer service skills, along with experience in loan processing. The company offers competitive benefits and a supportive work environment.

Benefits

Healthcare plans

401(k) match

Discounts

Training

Bonuses

Educational reimbursement

Community initiatives

Qualifications

• 1-2 years loan processing experience required.
• Thorough knowledge of mortgage loan processing and underwriting guidelines.

Responsibilities

• Review loan submissions and verify data collected by Broker.
• Ensure compliance deadlines are met for disclosures.
• Communicate with external parties to resolve outstanding issues.

Skills

Customer Service

Communication

Organizational Skills

Confidentiality

Education

High School diploma

Tools

Microsoft Office

Encompass

Empower

Job description

Join to apply for the Loan Processor, Wholesale, Submission role at Carrington Holding Company, LLC

Get AI-powered advice on this job and more exclusive features.

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. Obtain 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

1. Receive and review loan submissions, monitor incoming documents, and verify data collected by Broker.
2. Obtain necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.
3. Organize and input loan information received into the company’s Loan Origination System (LOS).
4. Maintain open files, order appraisals, send verifications, and acquire documentation related to Borrower and property.
5. Ensure the quality and compliance of work with company policies, procedures, and investor guidelines.
6. Ensure all loans are processed to meet company and investor guidelines.
7. Communicate with Escrow Officer/Settlement Agent, Title Officer, Realtor, Closing Agent, Appraisal Management Company, and other external parties as required to resolve outstanding issues.
8. Communicate with internal staff such as Sales Management, Account Executives, Operations Manager, and Underwriting Department to resolve issues.
9. Inform relevant parties about discrepancies and status of the loan, and work to resolve issues.
10. Review and evaluate credit information to determine acceptability for loan programs.
11. Pull or verify credit reports and flood certificates as needed.
12. Submit completed files to Underwriting for initial approval.
13. Ensure compliance deadlines are met for disclosures.
14. Process 4506T, lock confirmations, and request Change of Circumstance (COC’s) as needed.
15. Monitor pipeline to ensure timely funding of loans.

What You'll Need

1. Maintain confidentiality of borrower’s information.
2. Thorough knowledge of mortgage loan processing and underwriting guidelines.
3. Excellent computer skills and knowledge of Microsoft Office.
4. Strong customer service skills and organizational abilities.
5. Effective communication skills, both verbal and written.
6. Ability to handle detailed tasks and prioritize workload.
7. High School diploma or equivalent; 1-2 years loan processing experience.
8. Experience with Encompass/Empower and AUS tools preferred.

Our Company

Part of The Carrington Companies, providing access to various loan programs and home financing options. Visit www.carringtonwholesale.com for more info.

What We Offer

• Healthcare plans, 401(k) match, discounts, training, bonuses, educational reimbursement, and community initiatives.

Additional Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Finance and Sales