Mortgage Loan Processor — Dallas: Streamline Closings

guidanceresidential; Dallas (TX); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

401K and retirement plan

Paid holidays and vacation

Job summary

Guidance Residential, LLC in Dallas is seeking an experienced Loan Processor to act as the communications link between customers and sales staff, overseeing the mortgage application process to meet service standards.

The role involves verifying income, calculating DTI, coordinating with underwriting, and managing a loan pipeline from setup to disbursement. A bachelor’s degree and 4 years in processing or underwriting are preferred.

Qualifications

• Bachelor's degree preferred; one to two years related experience and/or training; or equivalent combination of education and experience in a mortgage banking environment.
• Minimum 4 years’ experience in a processing, underwriting or closing function.
• Working knowledge of Freddie Mac LP or Fannie Mae DUS and strong familiarity with conventional processing guidelines.
• Strong organizational and communication skills.
• Excellent prioritization and time management skills.

Responsibilities

• Maintains an open line of communication with applicant(s) and account executives throughout the process, assisting them with questions and notifying them and other parties with additional requirements and/or conditions.
• Reviews documents and verifies data collected by sales staff, ensures program eligibility and compliance with underwriting guidelines.
• Calculates income and verifies 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, including but not limited to updating closing dates.
• Enter preliminary HUD-1 into the LOS system
• Run LP if necessary
• Provide coverage for other Account Managers in the event of scheduled and unscheduled absences.
• Performs other duties as assigned.

Skills

Mortgage processing

DTI calculations

Client communications

Underwriting coordination

Education

Bachelor's degree

Tools

LOS system

LP software

Job description

Guidance Residential, LLC in Dallas is seeking an experienced Loan Processor to act as the communications link between customers and sales staff, overseeing the mortgage application process to meet service standards.

The role involves verifying income, calculating DTI, coordinating with underwriting, and managing a loan pipeline from setup to disbursement. A bachelor’s degree and 4 years in processing or underwriting are preferred.