Remote Sr, Loan Processor, Wholesale,

Lensa; Providence (RI); Remote; USD 58,000 - 70,000; Full time

Job summary

Join a leading company as a Senior Loan Processor, responsible for reviewing loan applications and ensuring compliance with underwriting standards. The role involves collaborating with various departments and external parties to facilitate smooth loan processing. Ideal candidates will have extensive experience in mortgage processing and strong communication skills.

Benefits

Healthcare plans

401(k) match

Discounts

Training

Referral bonuses

Educational reimbursement

Community involvement

Qualifications

• 3+ years of loan processing experience.
• Thorough knowledge of mortgage processing and underwriting guidelines.

Responsibilities

• Review loan submissions and verify data collected by Brokers.
• Process loans to meet company and investor guidelines.
• Communicate with external parties to resolve issues.

Skills

Customer Service

Organizational Skills

Communication

Education

High school diploma or equivalent

Tools

Microsoft Office

Encompass/Empower

Job description

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Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards, and ensuring completeness of submission. Obtains necessary information (e.g., loan applications, credit documents, appraisals) to process and complete mortgage loan files. Performs all duties in accordance with the company’s policies, procedures, and all applicable US state and federal laws and regulations. The target pay range for this position is $58,000 to $70,000.

What You’ll Do

• Review loan submissions, monitor incoming documents, and verify data collected by Brokers.
• Gather necessary information to process and complete mortgage loan files.
• Input loan information into the company’s Loan Origination System (LOS).
• Maintain open files, order appraisals, send verifications, and acquire documentation related to Borrower and property.
• Ensure work quality and compliance with company policies, procedures, and investor guidelines.
• Process loans to meet company and investor guidelines.
• Communicate with external parties such as Escrow Officers, Title Officers, Realtors, and Appraisal Management Companies to resolve issues.
• Coordinate with internal departments like Sales, Underwriting, and Funding to resolve issues.
• Inform borrowers and brokers about discrepancies and loan status.
• Evaluate credit information for acceptability.
• Verify credit reports and flood certificates as needed.
• Submit files for underwriting approval.
• Obtain stipulations to clear conditions prior to documentation and funding.
• Meet deadlines for disclosures, approval letters, and notices.
• Process 4506T, lock confirmations, and Change of Circumstance requests.
• Monitor pipeline to ensure timely funding.
• Assist with post-closing tasks for secondary market purchases.

What You'll Need

• Maintain confidentiality of borrower information.
• Thorough knowledge of mortgage processing and underwriting guidelines.
• Proficiency with Microsoft Office and office equipment.
• Strong customer service and organizational skills.
• Effective verbal and written communication skills.
• Ability to handle detailed tasks and prioritize workload.
• High school diploma or equivalent; 3+ years of loan processing experience.
• Experience with Encompass/Empower, DU, LP, or other AUS systems preferred.

Our Company

Carrington Mortgage Services-Wholesale Lending, part of The Carrington Companies, provides access to various loan programs and financing options. Join our team of talented professionals as we transform residential real estate. More info at: www.carringtonwholesale.com

What We Offer

• Healthcare plans, 401(k) match, discounts, training, referral bonuses, educational reimbursement, and community involvement through Carrington Charitable Foundation.

We are an equal opportunity employer and provide accommodations for applicants with disabilities.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: IT Services and IT Consulting

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