Mortgage Loan Processor LP3

Covita Lending; Columbus (OH); On-site; USD 60,000 - 90,000; Full time

Job summary

Covita Lending is seeking an experienced mortgage loan processor to join the lending team. The candidate will manage underwriting workflows, collect documents, and ensure compliance while coordinating with borrowers, brokers, and underwriters.

A strong emphasis on accurate conditions and timely submissions is essential. The role requires 3+ years in processing or underwriting, proficiency with LOS systems (Encompass, Calyx Point), and solid communication skills.

Qualifications

• High school diploma or equivalent.
• Minimum 3 years of underwriting or processing experience.
• 40+ hours per week commitment.
• Proficient in DU/DO and LP.
• Major LOS experience (Encompass, Calyx Point, etc.).
• Strong understanding of investor guidelines.
• Microsoft Office proficiency (Word, Excel, PowerPoint, Outlook, OneNote).
• Excellent verbal and written communication skills.
• Strong time management under pressure.
• Detail-oriented with accountability.
• Team player across corporate branches.
• Regulatory training completed.

Responsibilities

• Pre-Underwrite: verify initial loan file with checklist.
• Request additional docs for cash, credit, and income.
• Return incomplete loans with detailed list.
• Initiate all third-party items or direct LP3A.
• Submit high-quality loans for preliminary underwriting.
• Post-Underwrite: analyze CLA for clear conditions.
• Confirm outstanding CLA items not yet received.
• Request conditions in layman’s terms.
• Review and submit conditions to underwriting.
• Proactively communicate with LP2 on submissions.
• Send CTC requests via email to loan team.
• Review ICD and CDs for LE accuracy.
• Post-Fund: monitor pending closed loans for funding.
• Clear post-funding conditions.
• Support LO, LP1, LP2 and borrowers post-funding.
• Collaborate with Operations to improve LP2 checklist.
• Attend Weekly Team Meetings.
• Log all crucial LOS communications.
• Build relationships with closing, funding, post-closing, QC.
• Maintain high-quality borrower communication.
• Serve as liaison between borrowers, brokers, agents, underwriters.
• Prepare and submit detailed loan packages for underwriting.
• Secure documents (appraisals, inspections, title searches, etc.).
• Work with borrowers to gather financial information and verify creditworthiness.
• Ensure files meet lending and regulatory guidelines.

Skills

Verbal communication

Written communication

Time management

Detail orientation

Team player

Regulatory training

Education

High school diploma or equivalent

Tools

Encompass

Calyx Point

DU/DO

LP

Microsoft Office

Job description

We are currently seeking an experienced and detail-oriented mortgage loan processor for our dynamic lending team. The ideal candidate will have years of mortgage processing experience, a can-do attitude, and a proven track record of providing solutions in the mortgage lending industry. If you are looking for an excellent position that will help you reach your financial goals, start your application today!

Compensation: $60,000 - $90,000 yearly

Qualifications

• Standard Job Requirements
• High school diploma or equivalent
• Minimum 3 years of underwriting or processing experience
• 40+ hours per week commitment
• Proficient in DU/DO and LP
• Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.)
• Strong understanding of investor guidelines
• Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, OneNote)
• Excellent verbal and written communication skills
• Strong time management ability to work under pressure
• Detail-oriented with a strong sense of accountability
• Team player with the ability to collaborate across corporate branches
• levels
• Completion of all required regulatory compliance training

Responsibilities

• Pre-Underwrite
• Verify that the initial loan file is complete using the pre-underwrite checklist
• Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission
• Return incomplete loans to LO or LP2 with a detailed list of outstanding items
• Initiate ALL third-party items (or direct LP3A to do so, if applicable)
• Submit high-quality loans for preliminary underwriting without over-analyzing
• Post-Underwrite:
• Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear
• Confirm outstanding CLA items have NOT already been received before reaching out to external parties (avoid duplicate requests to borrowers)
• Request conditions in layman’s terms that are easy for borrowers to understand
• Thoughtfully review and submit all conditions to underwriting
• Proactively communicate with LP2 (via phone or face-to-face) on better submission practices
• Send all Clear to Close (CTC) requests via email to the loan team
• Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)
• Post-Fund:
• Monitor pending closed loans for funding authorization
• Clear any post-funding conditions as required
• Support LO, LP1, LP2, and borrowers with any post-funding questions
• Additional Responsibilities
• Collaborate with the Operations Team to improve the LP2 submission checklist for efficiency
• Attend Weekly Team Meetings (WTM) to review the entire loan pipeline
• Log all crucial communication in the LOS Conversation Log
• Build relationships with closing, funding, post-closing, and QC teams
• High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor
• Serve as a liaison between borrowers, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to support loan approval
• Prepare and submit detailed loan packages to the lender underwriting department for approval or denial
• Secure property and loan documentation to process mortgage loan files such as appraisals, inspections, title searches, site surveys, contracts, and property tax records
• Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application
• Ensure loan files meet lending and regulatory guidelines and policies