Mortgage Operations Administrator - (Temporary)

Wintrust Financial; Rosemont (IL); Remote; USD 10,000 - 60,000; Full time

Job summary

A leading mortgage service provider in Rosemont, Illinois, is seeking an experienced Loan Processor to manage loan applications and ensure compliance with internal procedures. Responsibilities include documenting client information, issuing loan status letters, and facilitating the submission process to underwriting. The ideal candidate has 3-5 years of experience in loan processing and possesses strong communication and problem-solving skills. This position offers an estimated hourly rate of $19.00 - $20.00.

Qualifications

• 3-5 years of proven experience in processing loans.
• Processes conventional, FHA, VA, USDA, and Jumbo loans.

Responsibilities

• Ensure completeness of loan applications.
• Issue needs and loan status letters to clients.
• Follow up on requested documentation for underwriting.
• Pull fraud reports and obtain necessary clearances.
• Ensure compliance with fraud prevention procedures.
• May schedule closing dates with borrowers and title companies.

Skills

Problem-solving skills

Good communication skills

Ability to multi-task

Knowledge of credit review

Job description

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.

What You’ll Do:

• Ensure completeness of application (1003).

• Issue needs letter and/or loan status letter to client and loan officer.

• Follow up and ensure receipt of requested documentation on timeline to ensure submission of file to Underwriting no less than 10-days prior to estimated closing date, lock expiration or contingency date (earliest of all dates).

• Pull Fraud Reports and obtain information to clear low and/or moderate impact findings as needed, obtain documentation to support clearance of items. Document any high-impact alerts to UW to clear.

• Ensure 100% compliance with internal fraud prevention procedures and other Wintrust procedures.

• May schedule closing date and time with borrowers, LOs, and title companies.

Qualifications:

• Processes conventional, FHA, VA, USDA, Bond, Jumbo, and brokered loans.

• Knowledge of credit review to include income and assets.

• Demonstrated problem-solving skills.

• Good communication skills.

• The ability to multi-task.

• 3-5 years of proven experience

Compensation:

The estimated hourly rate for this role is $19.00 -$20.00. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience.

#LI-REMOTE

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.