Mortgage Loan Officer Assistant Processor

Masters Of Lending Team @ Canopy Mortgage; United States; Remote; USD 60,000 - 96,000; Full time

Job summary

A leading mortgage company is seeking an experienced Loan Officer Assistant/Processor to support a high-producing Loan Originator. The remote position involves loan processing, compliance management, and CRM support. Qualified candidates should have over 5 years of experience and maintain an active NMLS license. Competitive compensation ranging from $60,000 to $96,000 per year is offered.

Qualifications

• Active NMLS license required.
• At least 5 years as a Loan Officer Assistant or in mortgage processing.
• Proficiency in DU/DO, LP, and major investor guidelines.

Responsibilities

• Review and analyze loan applications for accuracy.
• Process loans from origination to closing.
• Collaborate with loan officers for necessary documentation.
• Conduct credit analysis to assess eligibility.
• Maintain accurate records in the CRM.

Skills

Loan processing understanding

Underwriting knowledge

Pipeline management

Communication skills

Time management

Tools

Loan Origination Systems

Microsoft Office Suite

Google Docs/Sheets

Job description

Overview

We are seeking a detail-oriented and experienced Loan Officer Assistant/Processor to support a high-producing Loan Originator. The ideal candidate will possess a strong understanding of loan processing, underwriting, and pipeline management. This role is crucial in ensuring that loan applications are processed efficiently and accurately while adhering to all regulatory requirements, including Fair Housing regulations and TILA guidelines. This position will also support the Loan Originator by managing the CRM and assisting in marketing on a regular basis. This is a fully remote position with working hours aligned to Pacific or Mountain time zones.

Note: This hire is for the "+right hand" to assist our lead Loan Originator on sales and CRM management, along with processing the loans that come in through our proprietary loan origination software.

Responsibilities

• Review and analyze loan applications for completeness and accuracy.
• Process loans from origination through closing, ensuring compliance with Lender and Agency standards.
• Collaborate with loan officers to gather necessary documentation from borrowers and resolve discrepancies.
• Conduct credit analysis to assess borrower eligibility and risk factors.
• Ensure all required disclosures are provided to borrowers.
• Maintain accurate records of all transactions and communications throughout the loan process in the CRM.
• Utilize basic math skills for calculations related to loan amounts, interest rates, and escrow accounts.
• Prepare loan files for underwriting review and clear any conditions.
• Assist the Loan Originator with weekly update status calls to borrowers and Realtors.
• Ensure loans close on time and resolve 95% of issues before escalating to the Loan Originator.
• Be available after hours via mobile/email for urgent questions.
• Consistently exceed borrower and referral partner expectations.

Qualifications

• Must maintain an active NMLS license — those who have never had an NMLS license will not be considered.
• Minimum 5 years of recent history as an LOA, mortgage processing, and/or origination.
• Proficient in DU/DO, LP, and major investor guidelines, with the flexibility to learn/master non-traditional loan programs such as Reverse and NonQM.
• Experience with Loan Origination Systems.
• Skilled in Microsoft Office Suite and Google Docs/Sheets.
• Strong verbal and written communication skills with the ability to adapt to borrower and Realtor personalities or style.
• Ability to work under pressure and meet deadlines.
• Excellent time management and organizational skills.
• Ability to collaborate across the branch and corporate levels.
• Completion of all regulatory and compliance training.

Compensation

Compensation: $60,000-$96,000 per year