Senior Loan Processor

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

Job summary

Join a forward-thinking company as a Senior Loan Processor, where you will play a vital role in evaluating and processing mortgage loan applications. This position offers the opportunity to work remotely while collaborating with a diverse team dedicated to providing exceptional customer service. You will ensure compliance with industry regulations and guidelines, manage loan documentation, and maintain communication with clients throughout the process. If you are passionate about helping others achieve their homeownership dreams and thrive in a dynamic environment, this role is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Flexible Work Environment

Professional Development Opportunities

Qualifications

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

Responsibilities

• Evaluate mortgage loan applications and verify information.
• Act as a liaison between loan officers, realtors, and customers.
• Maintain communication with customers throughout the loan process.

Skills

Mortgage Banking Experience

Fannie Mae/Freddie Mac Knowledge

Regulatory Mortgage Compliance

Communication Skills

Organizational Skills

Decision-Making Ability

Education

High School Diploma or GED

Tools

Encompass

Excel

Word

Outlook

Job description

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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 completely documented file to 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

• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers
• Maintains and updates loan application information within loan origination software and other applications
• As applicable, orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines
• Calculates income, reviews assets and liabilities
• Reviews all disclosures for completeness and compliance
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions
• Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer
• Maintains accurate pipeline to ensure proper projections, and closing dates
• May prepare, when applicable, “Adverse Action” letters. Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify
• May schedule closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.) Meets customer service standards as outlined by management
• Updates loan officer, loan officer assistant, realtors, builders and customers on loan status
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements
  
  

Personal Professional Standards

• Project an image of professionalism through demeanor and appearance while acting with integrity and honesty
• Strive for teamwork and cooperation and actively participate in goals for self-improvement.
• Senior Processors may provide training and guidance to other Processors on the team.
  
  

Managerial Responsibility

This position does not supervise other employees.

Position Qualifications

• Highschool diploma; or general education degree (GED) required
• Minimum 5 Years mortgage banking experience as a processor or junior processor, required
• Must have working knowledge of Fannie Mae/Freddie Mac and FHA/VA policies and guidelines, and Regulatory Mortgage Compliance
• Must have working knowledge of Encompass or other LOS systems
• Proficient in Excel, Word, and Outlook, with the ability to learn other mortgage-related programs
• Excellent written and verbal communication skills
• Excellent organizational and time management skills
• Demonstrated ability to interact effectively with others both internal and external
• Demonstrated judgment and decision-making ability
• Ability to work overtime, when necessary
  
  

Base Salary:The compensation range for this position is between $65,000 and $80,000per year, depending on experience and skillset. Base Salary is paid bi-weekly, every other Friday with an opportunity for monthly or quarterly bonuses.

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Similarly, the work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements

Requires the ability to bend, lift 1-15 pounds, reach, see, stand, sit, walk, hear, type and talk. The primary work location is an office setting with low to moderate noise level.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required. Universal Lending Corporation retains the discretion to add or change job duties at any time.

Why Work for Universal Lending Corporation

Universal Lending Corporation was founded nearly 40 years ago on the principle that our customers deserve individual and specialized attention throughout the mortgage process. We offer an inclusive, diverse, and collaborative culture where people from all backgrounds can thrive. At Universal Lending Corporation you can work with other passionate, purposeful, and customer-centric people all sharing the same goal of helping people achieve their dreams. Universal Lending Corporation offers an aggressive compensation package based on experience and skill, including a comprehensive benefits package inclusive of Medical, Dental, and Vision.

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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Internet Publishing

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