Reverse Loan Processor

CrossCountry Mortgage, LLC; Town of Windsor, Northern (NY, KY); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical benefits

401K

Wellness program

Job summary

CrossCountry Mortgage, LLC is seeking a Reverse Loan Processor to join our remote team in the United States. You will obtain and review borrower documentation, support underwriting, and ensure disclosures meet regulatory requirements.

The role requires at least 2 years of reverse mortgage processing, proficiency with Encompass, and solid knowledge of RESPA, Regulation Z and B. Strong analytical, math, and communication skills are essential.

Qualifications

• 2+ years reverse mortgage processing experience.
• Experience with Encompass and loan documentation.
• Strong knowledge of RESPA, Reg Z & Reg B regulations.
• Excellent math, analytical, and communication skills.

Responsibilities

• Review borrower credit, employment, income, and assets per loan program.
• Assemble the loan package in underwriting order.
• Verify documentation and complete the required loan checklist.
• Prepare loan approval summary and disclosures.
• Assist closing, servicing, and resolve suspense items.

Skills

Analytical skills

Communication skills

Time management

Attention to detail

Education

High School Diploma or equivalent

Tools

Encompass

Microsoft Office

Windows

DU/LP

Job description

## Reverse Loan ProcessorApply: Remote: Remote USA: LC11461 - 88 Old Route 9W, New Windsor, NY: Full time: Posted Today: JR03620CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.**A culture where you can grow!** CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You’ll get unwavering support from all departments and total transparency from the top down.CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.**Position Overview:**The **Reverse Loan Processor** is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly with the customer and/or Loan Officer. The Reverse Loan Processor provides proper disclosures when required by applicable local, state, and federal regulations.**Job Responsibilities:*** Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the loan program before submitting to underwriting.* Assemble the complete loan package in proper order for underwriting.* Verify all required documentation (pre-underwrite) in the file.* Complete the required loan checklist.* Verify that an application is complete and accurate; identify any potential issues that may arise in underwriting.* Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on the documents; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan.* Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures.* Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.* Verify that vendor orders are complete, invoices are received and in the applicant’s E-file.* Manage pipeline by completing and submitting reports within allotted turn-around times.* Assist set-up of loans.* Document all communication related to the loan application in the conversation log.* Train and assist supervision of new Loan Processors and other processing personnel.* Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage investors.* Available to work varying hours and overtime if needed.**Qualifications and Skills:*** High School Diploma or equivalent.* Minimum of 2 years' reverse mortgage processing experience.* Experience with Encompass.* Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents, preferred.* Knowledge of DU, LP, Microsoft Office, and Windows.* Excellent math and analytical skills.* Excellent communication skills.* Excellent prioritization and time management skills.This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.CrossCountry Mortgage, LLC offers **MORE** than a job, we offer a career. Apply now to begin your path to success! careersatccm.com