Mortgage Loan Processor

Visa Hunt; United States; On-site; USD 42,000 - 62,000; Full time

Job summary

Visa Hunt is seeking a Mortgage Loan Processor to handle documented loan packages, verify information, and obtain Clear to Close status through closing, funding, and warehouse.

You will coordinate with loan officers, title, appraisers and insurers, review documents for compliance, and ensure underwriting conditions are met prior to closing, while managing workflows and maintaining accuracy in high-volume environments.

Qualifications

• High school diploma or equivalent is required.
• 0–2 years related experience in mortgage processing, loan operations or a related financial services role is required.
• General knowledge of loan and underwriting process.

Responsibilities

• Manage and track the workflow and status of loan files.
• Pre-underwrite files.
• Review loan applications and identify documentation problems by highlighting deficiencies.
• Confirm mortgage loan application information by mailing verification forms, contacting verification sources and completing verification forms.
• Obtain mortgage loan documentation through communicating underwriting requirements to loan officers and ordering titles, appraisal, insurance and related information.
• Verify accuracy of documents received and clarify or obtain necessary information to complete file.
• Work closely with the loan officers to ensure that the rate lock is in file and that all underwriting conditions have been met prior to the scheduled loan closing.
• Order closing packages for all loans and fund non-FHA loans.
• Follow up on receipt of all pre- and post-closing documents to ensure all items are resolved and determine appropriate action to achieve resolution.
• Verify loan packages for proper adherence to credit policies, regulatory compliance and bank defined procedures.
• Perform all other job-related duties as assigned.
• Perform most duties independently.

Skills

Multitasking

Detail-oriented

Critical thinking

Communication

Education

High school diploma or equivalent

Job description

Summary

Responsible for processing mortgage loans to ensure all loans are properly documented and meet the requirements of secondary market investors. Edits loan packages received from lending staff for compliance, accuracy, completeness, and prepare files to submit to investors. Obtains ‘Clear to Close’ status and sees loan through closing, funding, and warehouse.

Specific Job Functions

• Manage and track the workflow and status of loan files.
• Pre-underwrite files.
• Review loan applications and identify documentation problems by highlighting deficiencies.
• Confirm mortgage loan application information by mailing verification forms, contacting verification sources and completing verification forms.
• Obtain mortgage loan documentation through communicating underwriting requirements to loan officers and ordering titles, appraisal, insurance and related information.
• Verify accuracy of documents received and clarify or obtain necessary information to complete file.
• Work closely with the loan officers to ensure that the rate lock is in file and that all underwriting conditions have been met prior to the scheduled loan closing.
• Order closing packages for all loans and fund non-FHA loans.
• Follow up on receipt of all pre- and post-closing documents to ensure all items are resolved and determine appropriate action to achieve resolution.
• Verify loan packages for proper adherence to credit policies, regulatory compliance and bank defined procedures.
• Perform all other job-related duties as assigned.
• Perform most duties independently.

Minimum Job Requirements

• High school diploma or equivalent is required.
• 0 – 2 years related experience in mortgage processing, loan operations or a related financial services role is required.
• General knowledge of loan and underwriting process.
• High volume of files worked per month, multitasker and critical thinker.
• Knowledge of banking operations/policies is preferred.

Equal Opportunity Employer/Veterans/Disabled