Remote Sr, Loan Processor, Wholesale,

Lensa; Washington (District of Columbia); Remote; USD 58,000 - 70,000; Full time

Job summary

A leading company in mortgage services is seeking a Senior Loan Processor to join their remote team. The role involves processing mortgage loans, ensuring compliance with regulations, and maintaining communication with various stakeholders. Candidates should have a strong background in loan processing and excellent organizational skills.

Benefits

Comprehensive healthcare plans

401(k) match

Customized training programs

Employee referral bonuses

Educational Reimbursement

Qualifications

• 3+ years of Loan Processing work experience required.
• Thorough knowledge of mortgage loan processing and underwriting guidelines.
• Ability to handle detailed assignments and meet deadlines.

Responsibilities

• Review loan submissions and verify data collected by Brokers.
• Ensure compliance with company policies and investor guidelines.
• Communicate with various stakeholders to resolve outstanding issues.

Skills

Customer service

Organizational skills

Communication skills

Education

High School diploma or equivalent work experience

Tools

Encompass/Empower

Desktop Underwriting (DU)

Loan Prospector (LP)

Job description

13 hours ago Be among the first 25 applicants

Lensa is the leading career site for job seekers at every stage of their career. Our client, Carrington, is seeking professionals. Apply via Lensa today!

Come join our amazing team and work Remote!

Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards, and ensuring completeness of submission. Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Performs all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, where the company operates. The target pay range for this position is $58,000.00 to $70,000.00.

What You’ll Do

• Receive and review loan submissions, monitor incoming documents, and verify data collected by Brokers.
• Obtain necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.
• Organize and input loan information received into the company’s Loan Origination System (LOS).
• Maintain open files, order appraisals, send verifications, and acquire documentation related to Borrower and property.
• Ensure the quality and compliance of work with company policies, procedures, and investor guidelines.
• Ensure that all loans are processed to meet company and investor guidelines.
• Communicate with Escrow Officer/Settlement Agent, Title Officer, Realtor, Closing Agent, and Appraisal Management Company, and other external parties as required to resolve outstanding issues.
• Communicate with Sales Management, Account Executives, Operations Manager, Disclosure Department, Underwriting Department, Docs/Funding Department, and other internal staff as required to resolve outstanding issues.
• Inform Account Executive, Broker, and/or borrower about discrepancies in title, appraisals, credit, employment, income, and other file-related items and loan status.
• Review and evaluate credit information on mortgage loan documents to determine acceptability for loan programs.
• Pull or verify credit reports and flood certificates as needed.
• Submit completed files to the Underwriting Department for approval.
• Obtain necessary stipulations to clear stipulations prior to docs and funding as required by Underwriting.
• Ensure compliance deadlines are met regarding issuance of initial disclosures, approval letters, and denial notices.
• Process 4506T, lock confirmations, and request Change of Circumstance (COCs) as needed.
• Proactively monitor pipeline to ensure timely funding of loans.
• Assist Post Closing Department as needed with making the loan whole for purchase into the secondary market.

What You'll Need

• Maintain highly confidential information according to the company’s privacy policy concerning borrower’s information.
• Thorough knowledge of all aspects of mortgage loan processing and underwriting guidelines.
• Excellent computer skills and working knowledge of Microsoft Office products.
• Strong skills in the use of office machines such as computers, copiers, and fax machines.
• Strong customer service skills.
• High level of organizational skills and ability to work on several tasks simultaneously.
• Ability to maintain constant contact with borrowers and internal staff.
• Effective verbal and written communication skills.
• Ability to handle detailed assignments.
• Ability to organize and prioritize workload and meet deadlines.
• High School diploma or equivalent work experience.
• Three or more years of Loan Processing work experience required.
• Encompass/Empower experience preferred.
• Experience with Desktop Underwriting (“DU”), Loan Prospector (“LP”), and/or other Automated Underwriting Engines (“AUS”) preferred.

Our Company

Carrington Mortgage Services-Wholesale Lending is part of The Carrington Companies. We provide third-party originators, mortgage brokers, and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options. We hope you’ll consider joining our growing team of talented professionals as we transform residential real estate. To read more, visit: www.carringtonwholesale.com.

What We Offer

• Comprehensive healthcare plans for you and your family, plus a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to various discounts through our employee portal.
• Customized training programs for career advancement.
• Employee referral bonuses to help Carrington and Vylla grow.
• Educational Reimbursement.
• Participation in Carrington Charitable Foundation's community causes. More info at: carringtoncf.org.

Carrington is an equal opportunity employer. Applicants are considered without regard to race, color, religion, sex, gender identity, national origin, age, marital status, sexual orientation, protected veterans status, disability, or other protected categories. Reasonable accommodations will be made for qualified applicants with disabilities unless undue hardship occurs.

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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