Mortgage Loan Processor

Jobtailor; Alexandria (VA); On-site; USD 55,000 - 75,000; Full time

Job summary

Jobtailor in United States (Virginia) is seeking a mortgage loan processor to organize and prepare files for underwriting, promptly complete verification forms, and review credit, appraisals, and title reports. You will be the primary contact for members, liaise with loan officers, Realtors, closing agents, and appraisers, and ensure timely processing of 20–45 loans monthly.

Strong attention to detail, 35 WPM typing, and NMLS registration within 30 days are required; experience with Encompass is

Qualifications

• Associate’s degree preferred or equivalent specialized training in mortgage or financial services
• Minimum of 3 years of related work experience in mortgage or financial processing
• Knowledge of Agency, Freddie Mac, and Fannie Mae underwriting guidelines
• Proficiency in Microsoft Word and Excel; familiarity with Encompass preferred
• Accurate typing at a minimum speed of 35 words per minute
• Strong written and verbal communication abilities
• Excellent organizational skills and attention to detail
• Ability to exercise sound judgment and diplomacy
• NMLS registration required within 30 days of employment

Responsibilities

• Organize and prepare loan files for underwriting, ensuring all documents are easily accessible and formatted appropriately.
• Complete and send verification forms (e.g., employment, income, mortgage, deposits) promptly.
• Order and review credit reports, appraisals, and title reports, addressing any discrepancies or adverse conditions.
• Act as the primary point of contact for members throughout the mortgage process.
• Communicate effectively with Loan Officers, realtors, sellers, insurance agents, closing agents, and appraisers to resolve issues and coordinate processes.
• Monitor loan files for compliance with secondary market and regulatory standards.
• Provide updates and clarification regarding adverse information to ensure underwriter approval.
• Review and address any conditions or additional requirements post-underwriting.
• Maintain an active pipeline of 20 to 45 loans monthly, ensuring timely processing and closures.
• Coordinate settlement dates with members, title companies, and closers.

Skills

Loan File Organization

Credit Report Review

Typing Speed 35 WPM

Verification Form Completion

Compliance Monitoring

Attention to Detail

Organizational Skills

Sound Judgment

Diplomacy

Education

Associate’s degree or equivalent in mortgage/financial services

NMLS Registration

Tools

Encompass

Job description

Responsibilities

• Organize and prepare loan files for underwriting, ensuring all documents are easily accessible and formatted appropriately.
• Complete and send verification forms (e.g., employment, income, mortgage, deposits) promptly.
• Order and review credit reports, appraisals, and title reports, addressing any discrepancies or adverse conditions.
• Act as the primary point of contact for members throughout the mortgage process.
• Communicate effectively with Loan Officers, realtors, sellers, insurance agents, closing agents, and appraisers to resolve issues and coordinate processes.
• Monitor loan files for compliance with secondary market and regulatory standards.
• Provide updates and clarification regarding adverse information to ensure underwriter approval.
• Review and address any conditions or additional requirements post-underwriting.
• Maintain an active pipeline of 20 to 45 loans monthly, ensuring timely processing and closures.
• Coordinate settlement dates with members, title companies, and closers.

Requirements

• Associate’s degree preferred or equivalent specialized training in mortgage or financial services
• Minimum of 3 years of related work experience in mortgage or financial processing
• Knowledge of Agency, Freddie Mac, and Fannie Mae underwriting guidelines
• Proficiency in Microsoft Word and Excel; familiarity with Encompass preferred
• Accurate typing at a minimum speed of 35 words per minute
• Strong written and verbal communication abilities
• Excellent organizational skills and attention to detail
• Ability to exercise sound judgment and diplomacy
• Nationwide Mortgage Licensing System (NMLS) registration required within 30 days of employment

Skills

• Loan File Organization
• Credit Report Review
• Typing Speed of 35 WPM
• Verification Form Completion
• Compliance Monitoring
• Attention to Detail
• Organizational Skills
• Sound Judgment
• Diplomacy

Certifications & Qualifications

• NMLS Registration