Senior Loan Processor

Universal Lending; Denver (CO); Remote; USD 65,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Loan Processor to join their dynamic team. In this remote role, you will evaluate mortgage loan applications, ensuring compliance with guidelines while serving as a key liaison among loan officers, clients, and external partners. This position emphasizes professionalism, teamwork, and a commitment to customer service. With a competitive salary and comprehensive benefits, this opportunity is perfect for someone passionate about helping others achieve their homeownership dreams. Join a collaborative environment where your contributions truly matter.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Flexible Work Environment

Qualifications

• 5+ years of mortgage banking experience as a processor or junior processor.
• Working knowledge of Fannie Mae/Freddie Mac and FHA/VA policies.

Responsibilities

• Evaluate mortgage loan applications and verify information for underwriting.
• Maintain communication with customers and stakeholders throughout the process.

Skills

Mortgage Banking Experience

Communication Skills

Organizational Skills

Time Management Skills

Sound Judgment

Education

High School Diploma or GED

Tools

Encompass

Excel

Word

Outlook

Job description

Position Job Title: Senior Loan Processor

FLSA Status: Non-Exempt

Job Location: Remote

Position Summary

Under the direction of the Operations Manager, the Senior Loan Processor evaluates all information supplied on the mortgage loan application, verifies the validity of the information, and assembles a complete documented file for Underwriting and Closing. Acts as the primary liaison between the loan officer, loan officer assistant, realtors, builders, and the customer(s).

Essential Duties And Responsibilities

1. Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
2. Maintains and updates loan application information within loan origination software and other applications.
3. Orders appraisals, title, survey, verifications, and other items required for loan approval; conducts follow-ups with outside sources regarding outstanding documents.
4. Verifies data, analyzes, and determines whether it meets guidelines or if additional documentation is needed; documents communication and ensures compliance with underwriting, investor, RESPA, and HMDA guidelines.
5. Calculates income, reviews assets and liabilities.
6. Reviews disclosures for completeness and compliance.
7. Completes final evaluation of application packages and submits eligible files with conditions.
8. Monitors rate lock information for data integrity and expiration; communicates discrepancies to the Loan Officer.
9. Maintains accurate pipeline projections and closing dates.
10. Prepares "Adverse Action" letters when applicable, providing reasons for denial.
11. Schedules closing appointments with relevant parties and meets customer service standards.
12. Updates loan officers, realtors, builders, and customers on loan status.
13. Maintains communication with customers throughout the process, assisting with questions and additional requirements.

Personal Professional Standards

• Projects professionalism through demeanor and appearance, acting with integrity and honesty.
• Strives for teamwork and cooperation, actively participating in self-improvement goals.
• May provide training and guidance to other team members.

Managerial Responsibility

This position does not supervise other employees.

Position Qualifications

• High school diploma or GED required.
• Minimum 5 years mortgage banking experience as a processor or junior processor.
• Working knowledge of Fannie Mae/Freddie Mac, FHA/VA policies, guidelines, and Regulatory Mortgage Compliance.
• Experience with Encompass or other LOS systems.
• Proficiency in Excel, Word, Outlook, and ability to learn other mortgage-related programs.
• Excellent communication, organizational, and time management skills.
• Effective interaction with internal and external stakeholders.
• Sound judgment and decision-making abilities.
• Ability to work overtime if necessary.

Compensation

The salary range is between $65,000 and $80,000 annually, depending on experience and skills. Paid bi-weekly with potential bonuses.

Physical and Work Environment

Includes ability to lift 1-15 pounds, sit, stand, walk, see, hear, type, and talk. The primary work setting is an office with low to moderate noise levels. Reasonable accommodations are available for individuals with disabilities.

Why Work for Universal Lending Corporation

We value individual attention, diversity, and collaboration. Join a passionate team dedicated to helping people achieve their dreams. We offer competitive pay and comprehensive benefits including Medical, Dental, and Vision insurance.