Senior Corporate Loan Processor

Jobtailor; Scottsdale (AZ); On-site; USD 52,000 - 78,000; Full time

Job summary

Jobtailor in Scottsdale, AZ is seeking an experienced Residential Mortgage Processor to manage a pipeline of loans from vendor information to underwriter submission.

You will verify documentation, ensure compliance with RESPA and Reg B/Z, and work with Encompass and DU/LP tooling to meet SLAs while maintaining accurate records and timely submissions.

Qualifications

• 3–5 years’ residential mortgage processing experience.
• Knowledge of RESPA guidelines and mortgage regulations (Reg Z, Reg B).
• Experience with Encompass and loan documentation.
• Strong math and analytical skills.
• Excellent communication and deadline management.
• Proficient with DU/LP and typical Windows/MS Outlook tools.

Responsibilities

• Communicate with vendors to obtain verification of employment, title commitment, and payoff information.
• Verify vendor orders and ensure invoices are documented.
• Review borrower credit, income, and assets per loan program before underwriting.
• Obtain a complete loan package before submission to underwriting.
• Ensure all documentation is complete and accurate and flag potential issues.
• Prepare loan approval summaries for missing items before underwriter review.
• Transfer fully documented files to underwriter for decision.
• Directly communicate with customers to obtain missing documentation.
• Manage a pipeline of about 40 active loans and fund at least 27 units monthly.
• Prioritize loans to meet SLAs and estimated close dates.
• Participate in branch pipeline calls as needed.
• Complete training classes as required by CrossCountry Mortgage.
• Review loans for compliance with RESPA, TIL, HMDA, Reg B and related rules.
• Prepare disclosures and re-disclosures as required.
• Complete loan submission, resubmission, and closing checklists.
• Document all loan communications in the LOS system.
• Assist in coverage of co-workers’ pipelines when needed.
• Support closing, servicing to clear suspense items for personal loans.
• Adjust work schedule and occasionally work overtime as needed.
• Perform other duties as required.

Skills

Mortgage processing

Vendor management

Regulatory knowledge

Communication

Analytical skills

Education

High school diploma or equivalent

Tools

Encompass

DU/LP

Microsoft Outlook

Job description

Responsibilities

• Communicate with various companies to obtain vendor information including verification of employment, title commitment, and payoff information.
• Verify vendor orders are completed and returned and invoices are received and documented.
• Perform a thorough review and analysis of borrower’s credit, income, and assets as required by loan program before submitting the file to underwriting.
• Obtain a complete loan package before submitting to underwriting.
• Verify all required documentation in the file is complete and accurate and identify any potential issues that may arise before submitting to underwriting.
• Prepare a loan approval summary for missing documentation before submitting to underwriting for Loan Officer/Branch Manager to review.
• Transfer a completely documented file to the underwriter to be approved or denied.
• Directly communicate with customers to obtain missing documentation required for the loan.
• Consistently manage a pipeline of 40 active loans and fund a minimum of 27 units per month.
• Manage pipeline within allotted turn times, prioritizing loans based on the department’s Service Level Agreements (SLAs) and estimated close dates.
• Participate in branch pipeline calls, as necessary.
• Complete all training classes assigned by CrossCountry Mortgage, LLC before the due date.
• Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations).
• Prepare proper disclosures and re-disclosures as required by regulations.
• Complete required loan submission, re-submission, and closing checklists.
• Document all communication related to the loan application in the LOS system’s conversation log.
• Assist in coverage of co-worker’s pipelines when needed.
• Assist closing, secondary, and servicing to obtain documentation needed to clear outstanding suspense items for personal loans worked on and/or loans worked on from other team members.
• Modify work schedule and occasionally work overtime as needed to fulfill responsibilities based on business needs.
• Perform other duties as required.

Requirements

• High School Diploma or equivalent.
• 3-5 years’ residential mortgage processing experience.
• Knowledge of RESPA guidelines, all mortgage and consumer lending regulations, Regulation Z and Regulation B requirements, and loan documents.
• Previous experience with Encompass.
• Excellent math and analytical skills.
• Excellent communication skills.
• Skilled at prioritizing to meet deadlines.
• Proficient knowledge of DU, LP, Microsoft Outlook, and Windows.