Mortgage Loan Processor

SFMC Home Lending; Plano (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

SFMC Home Lending is seeking a skilled Loan Processor to audit loan applications, collect required documents and ensure compliance with FHA, VA, Conventional, Jumbo and USDA guidelines.

You will coordinate with Realtors, title agents and lenders, order third-party documents, and submit files to underwriting and closing. Strong communication and integrity are essential for success.

Qualifications

• High School diploma or equivalent is required.
• 5+ years of mortgage processing experience in FHA/VA/FNMA/FHLMC and knowledge of investor programs.
• Experience with loan processing and automation systems.

Responsibilities

• Audit loan applications using the Loan Officer Checklist for completeness and collect missing information.
• Obtain and review documentation to verify guidelines are met.
• Order third-party documents (credit, verifications, flood, appraisal, title, etc.).
• Submit complete loan files to underwriting for approval and clear underwriting conditions.
• Submit documentation to closing for Final Docs and loan figures.
• Maintain correspondence with Realtors, Builders, Title Agents, Borrowers and Vendors.
• Keep LOS updated with current status and investor details.
• Coordinate with closing department and title company on Closing Disclosure.
• Pipeline review up to 20 units per month; funding up to 15 units.

Skills

MS Office

Industry software

Communication

Customer service

Creative thinking

Research & judgment

Multitasking

Integrity & discretion

Education

High School diploma or equivalent

Tools

Automation software

Job description

The Loan Processor will audit loan applications using the Loan Officer Checklist for completeness, and collect missing information as required. Duties include obtaining and reviewing all documentation to verify that the loan transaction meets all FHA, VA, Conventional, Jumbo and USDA guidelines, ordering all 3rd party vendor documents, such as credit updates, required verifications, flood certification, appraisal, title, title fees, hazard insurance and payoff statement, submitting complete loan files to underwriting for loan approval, reviewing and obtaining documentation to clear all underwriting conditions, and submitting all documentation to the closing department for acceptable Final Docs and loan figures.

• Maintain all correspondence for loan transactions with Realtors, Builders, Title Agents, Borrowers and Third Party Vendors
• Ensure LOS system is always updated with current status and correct investor
• Submit loan to closing for final documents to be drawn, and work with title company on approving a final Closing Disclosure
• Pipeline review of loan files up to 20 units per month, funding up to 15 units

Education and/or Work Experience Requirements:

• High School diploma or equivalent
• 5+ years’ experience in mortgage processing of FHA/VA/FNMA/FHLMC, and have some knowledge of investor programs, guidelines, loan processing and automation systems

Skills:

• Proficient with MS Office
• Knowledge of industry software and automation
• Strong written and oral communication skills
• Strong commitment to customer service and satisfaction with both internal and external customers
• Creative thinking to find appropriate/alternative programs and solutions for unique situations
• Proven ability to research and make sound judgements/identify issues/ make recommendations based on the research
• Ability to multitask and manage multiple priorities
• High level of integrity, ethics, discretion, and professionalism in handling confidential and sensitive information