Mortgage Loan Assistant

3 Keys Lending; Bluffdale (UT); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Potential per-file bonus

Job summary

3 Keys Lending in Bluffdale, Utah is seeking a detail-oriented Mortgage Loan Processor to join their dynamic team. The ideal candidate will document loan processes from origination to approval, gather financial information from borrowers, and ensure compliance with banking regulations. Applicants must have at least 2 years of experience in loan processing and a strong knowledge of mortgage lending. The compensation ranges from $50,000 to $70,000 per year, depending on experience, plus potential bonuses.

Qualifications

• At least 2 years of loan processing experience required.
• Experience in mortgage lending is mandatory.
• Knowledge of Conventional, FHA, VA, USDA loan products required.

Responsibilities

• Document the loan process from origination to approval.
• Work with borrowers to gather financial information.
• Liaise between different parties to facilitate loan approval.
• Monitor pending closed loans for funding authorization.

Skills

Strong analytical and time management skills

Attention to detail

Fluent in English and Spanish

Knowledge of loan types (FHA, VA, etc.)

High-quality borrower third-party communication

Education

High school diploma or GED

Associate’s degree in accounting, finance, or business

Job description

Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; apply now!

Responsibilities

• Document the loan process from origination to approval through our system.
• Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application.
• Assure that loan files meet banking and regulatory guidelines and policies.
• Liaise between the mortgage lending underwriting department, mortgage loan originators, real estate agents, and applicants to facilitate loan approval.
• Determine the best loan option for the borrower through interviewing and discussion.
• Pre-Underwrite
  • Verify that the initial loan file is complete using the pre-underwrite checklist.
  • Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission.
  • Initiate all third-party items.
  • Submit high-quality loans for preliminary underwriting without over-analyzing.
• Post-Underwrite
  • Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear.
  • Confirm outstanding CLA items that have NOT already been received before reaching out to external parties (avoid duplicate requests to borrowers).
  • Request conditions in layman’s terms that are easy for borrowers to understand.
  • Thoughtfully review and submit all conditions to underwriting.
  • Send all Clear to Close (CTC) requests via email to the loan team (including Opener).
  • Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE).
• Post-Fund
  • Monitor pending closed loans for funding authorization.
  • Clear any post-funding conditions as required.
  • Support LO, LP1, LP2, and borrowers with any post-funding questions.
• Additional Responsibilities
  • Ask Clients, Agents, and other parties for referrals during the loan process.
  • Attend Weekly Team Meetings (WTM) to review the entire loan pipeline.
  • Log all crucial communication in the LOS Conversation Log.
  • High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor.

Qualifications

• Strong analytical and time management skills and superior attention to detail.
• Experience in mortgage lending and knowledge of loan types such as FHA, FHLB, FNMA, or VA loans required.
• At least 2 years of loan processing experience required.
• Accounting, finance, or business Associate’s degree preferred; high school diploma or GED required.
• Must have excellent written and verbal communication skills.
• Conventional, FHA, VA, USDA loan product knowledge and processing experience required.
• Experience working with mortgage brokers.
• Be a solution seeker.
• Fluent in English and Spanish.

Compensation

USD 50,000 - 70,000 per year, DOE plus potential per-file bonus.