Mortgage Loan Processor

Jones Networking; Reston (VA); Hybrid; USD 45,000 - 65,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive healthcare

401(k) with company match

Tuition reimbursement

Bonus opportunities

Job summary

A residential lending firm in Reston, VA, is seeking a Mortgage Loan Processor to serve as the communications link between customers and the sales staff. The ideal candidate will manage a loan pipeline, ensure compliance with underwriting guidelines, and assist customers throughout the loan process. A minimum of two years in mortgage processing is required, along with strong organizational and communication skills. The role offers a competitive salary and comprehensive benefits in a hybrid work environment.

Qualifications

• Minimum one year of related experience in a mortgage banking environment.
• Minimum two years experience in a mortgage processing, underwriting or closing function.

Responsibilities

• Maintain communication with customers and Account Executives.
• Review documents and verify data collected by Account Executives.
• Ensure program eligibility and compliance with underwriting guidelines.
• Calculate income and verify debt-to-income ratio.
• Act in a lead capacity in follow-up for missing documentation.
• Manage a pipeline of open loan files.
• Enter preliminary HUD-1 into Loan Origination System.

Skills

Organizational skills

Communication skills

Understanding of conventional processing guidelines

Education

College Degree

Job description

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Location: Reston, Virginia - Hybrid Remote

Classification: Full-Time, Exempt

Reports To: VP, Operations Manager

Jones Networking is recruiting for a Mortgage Loan Processor to join a Residential Lending Firm in Reston, VA. This role serves as the communications link between customers and the sales staff. Our client offers a competitive salary, comprehensive healthcare, 401(k) with company match, long & short term disability insurance, life insurance, tuition reimbursement, flexible spending account, bonus opportunities and much more!

Mortgage Loan Processor Position Summary:

• Maintain open line of communication with customers and Account Executives throughout the process, assisting them with questions and notifying them and other parties with additional requirements and/or conditions.
• Review documents and verify data collected by Account Executives.
• Ensure program eligibility and compliance with underwriting guidelines.
• Calculate income and verify debt-to-income ratio (DTI) prior to submission to Underwriting.
• Act in a lead capacity in the timely follow-up for missing documentation pertinent to the underwriting decision and closing of the transaction.
• Manage a pipeline of open loan files from set-up to disbursement to closing dates.
• Enter preliminary HUD-1 into the Loan Origination System.

Qualifications Summary:

• Minimum one year of related experience in a mortgage banking environment.
• Minimum two years experience in a mortgage processing, underwriting or closing function.
• College Degree is a plus.
• Understanding of conventional processing guidelines.
• Strong organizational and communication skills.

Please visit jonesnet.com for a complete list of career opportunities presented by Jones Networking.

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Seniority level

• Associate

Employment type

• Full-time

Job function

• General Business, Administrative, and Project Management

Industries

• Financial Services and Banking