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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 (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 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 all loans are processed to meet company and investor guidelines.
- Communicate with Escrow Officers, Title Officers, Realtors, Closing Agents, Appraisal Management Companies, and other external parties to resolve issues.
- Communicate with internal staff such as Sales Management, Account Executives, Underwriting, and others to resolve issues.
- Inform relevant parties about discrepancies and the status of the loan.
- Review and evaluate credit information on mortgage loan documents.
- Pull or verify credit reports and flood certificates as needed.
- Submit completed files to Underwriting for approval.
- Obtain necessary stipulations to clear prior to docs and funding.
- Ensure deadlines for disclosures, approval letters, and denials are met.
- Process 4506T, lock confirmations, and Change of Circumstance requests.
- Monitor pipeline proactively to ensure timely funding.
- Assist Post Closing Department as needed for secondary market purchases.
What You'll Need
- Maintain highly confidential information per company policies.
- Thorough knowledge of mortgage processing and underwriting guidelines.
- Proficiency with Microsoft Office and office equipment.
- Strong customer service and organizational skills.
- Effective communication skills, both verbal and written.
- Ability to handle detailed tasks and prioritize workload.
- High School diploma or equivalent; 3+ years of loan processing experience.
- Encompass/Empower experience preferred; AUS experience a plus.
Our Company
Part of The Carrington Companies, Carrington Mortgage Services-Wholesale Lending offers access to various loan programs and low down payment options. Join our talented team to help transform residential real estate. Visit: 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 reasonable 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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