Senior Mortgage Loan Processor - Underwriting & Compliance

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

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.