Senior Loan Processor - Mortgage

Bank-of-Hop; Irvine (CA); On-site; USD 59,000 - 66,000; Full time

Job summary

Bank of Hope seeks an experienced mortgage loan processor to manage file reviews, underwriting submissions, and condition clearance. You will verify documentation, ensure compliance timing, and maintain LOS accuracy while identifying fraud indicators and discrepancies.

You will collaborate with Underwriting, disclosures, and funding teams to move files toward approval, coordinate changes in circumstance, and ensure timely closing.

Qualifications

• Minimum Education Level: High School Diploma
• 10+ years of mortgage loan processing experience
• Good working knowledge of Encompass
• Knowledge of Conventional, Jumbo, FHA/VA loans
• Well-developed problem-solving skills to research and resolve discrepancies
• Ability to multi-task in a fast-paced environment
• A professional work ethic and attitude

Responsibilities

• Ensure files are in proper condition and submit complete package to underwriting for approval with minimum conditions.
• Ensure compliance timing requirements are met.
• Adhere to the turn times outlined in the Loan Workflow Expectations.
• Review files for errors & inconsistencies, organize, analyze, update, and validate the loan files in the LOS.
• Review files for possible signs of fraud/misrepresentation, review fraud report, resolve LOS compliance notices.
• Follow up with Underwriting for timely processing and moving the file to approval.
• Retrieve and review all PTD’s conditions and ensure underwriting conditions are cleared timely.
• Ensure changes in circumstance requests are completed when valid changes occur.
• Ensure changes in circumstance are notified to disclosure desk timely.
• Order review and upload closing protection letters to the LOS.
• Retrieve and review condominium questionnaires, insurance policies and other condominium docs.
• Perform verbal (or written) verification of employment.
• Complete closing transmittals and submit file to the closing department with all required closing documents.
• Coordinate with funding department for any outstanding PTF conditions and cure them.
• Manage loan pipeline and update all close of escrow dates and ensure the dates have not expired.

Skills

Mortgage loan processing

Discrepancy resolution

Multi-tasking

Professional work ethic

Problem solving

Education

High School Diploma

Tools

Encompass

Conventional loans

Jumbo loans

FHA/VA loans

Job description

• Ensure files are in proper condition and submit complete package to underwriting for approval w/min. conditions.


• Ensure compliance timing requirements are met.


• Adhere to the turn times outlined in the Loan Workflow Expectations


• Review files for errors & inconsistencies, organize, analyze, update, and validate the loan files in the LOS.


• Review files for possible signs of fraud/misrepresentation, review fraud report, resolve LOS compliance notices.


• Follow up with Underwriting for timely processing and moving the file to approval.


• Retrieve and review all PTD’s conditions received from all parties and Underwriting conditions are cleared timely.


• Ensure change in circumstance requests are completed when a valid change occurs.


• Ensure change in circumstance are notified to disclosure desk timely.


• Order review and upload closing protection letters to the LOS.


• Retrieve and review condominium questionnaires, insurance policies and other corresponding condominium docs.


• Perform verbal (or written) verification of employment.


• Complete closing transmittals and submit file to the closing department with all required closing documents.


• Coordinate with funding department for any outstanding PTF conditions and cure them.


• Manage loan pipeline and update all close of escrow dates and ensure the dates have not expired.

Job Qualifications/Requirements

Education/Credentials

• Minimum Education Level: High School Diploma

Prior Experience

• Required: 10+ years


• Required: Mortgage loan processing experience

Technical Skills

• Required: Good working knowledge of Encompass


• Required: Knowledge of Conventional, Jumbo, FHA/VA loans


• Required: Well-developed problem-solving skills to research and resolve discrepancies


• Required: Ability to multi-task in a fast-paced environment


• Required: A professional work ethic and attitude

The salary range for this full-time position is $43.27 - $48.07 hourly + bonus + benefits

Salary ranges are determined based on qualifications, level, and location.

Exact compensation may vary based on your skills and experience.

Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.