Senior Mortgage Loan Processor

Guild Mortgage Company; Houston, Northern (TX, KY); Hybrid; USD 65,000 - 90,000; Full time

Job summary

Guild Mortgage Company is seeking a seasoned Loan Processor to manage the pre-underwriting of conventional and government loans. You will liaise between loan officers, borrowers, and underwriters to ensure timely closings and compliance with investor guidelines.

The ideal candidate has 5+ years of loan processing experience, strong relationship-building skills, and thorough knowledge of FHA/VA/conventional loan processes and regulatory requirements.

Qualifications

• High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.
• Five or more years' experience as a Loan Processor, preferably processing conventional and FHA loans along with at least two years of experience processing VA and Bond mortgage loans.
• Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.
• Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending.

Responsibilities

• Become the contact for non-licensed activity once the loan is submitted to them.
• Monitor the overall lending process, and identify, resolve, and communicate issues that could impact timely closure of loans.
• Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.
• Identify potential issues and communicate to consumer and loan officer.
• Order and review all third-party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues.
• Stay current with federal, state regulations, policies and industry trends.
• Check ratios and verify accuracy of AUS findings and program applicability.
• Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.
• Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary.
• Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.
• Update and verify accuracy of data input into system.
• Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
• Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
• Order generation of loan documents.
• Coach and provide guidance to less experienced Processors as needed.
• Use and modify templates to compose professional correspondence and emails.
• Provide status updates to Loan Officers and/or borrowers.

Job description

Guild Mortgage Company is seeking a seasoned Loan Processor to manage the pre-underwriting of conventional and government loans. You will liaise between loan officers, borrowers, and underwriters to ensure timely closings and compliance with investor guidelines.

The ideal candidate has 5+ years of loan processing experience, strong relationship-building skills, and thorough knowledge of FHA/VA/conventional loan processes and regulatory requirements.