Senior Processor

Nfm-Lending; Vernon (NJ); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Total Rewards program

Job summary

NFM Lending is seeking a Senior Processor in Vernon, NJ to obtain and prepare loan documents, credit documents, appraisals, and related records. You will verify accuracy, perform data entry, and coordinate verifications, appraisals, title work, and FHA case numbers to keep loans on track.

The role requires advanced knowledge of mortgage processing and underwriting guidelines, strong problem solving, and the ability to communicate across originators, clients, and lenders.

Qualifications

• Advanced knowledge of complex mortgage loan processing and related documentation.
• Ability to identify and resolve issues in underwriting and processing workflows.
• Strong attention to detail and accuracy in data entry and file review.

Responsibilities

• Carry pipeline 25-45 loans and review new files within 24-48 hours.
• Coordinate and obtain verifications, appraisals, title work, and FHA case numbers.
• Pre-underwrite loans to ensure proper supporting documentation and review HUD prior to closing.
• Review 1003 for accuracy and ensure all underwriting and funding conditions are cleared.
• Communicate with loan originators, clients, and lenders to resolve issues.

Skills

Mortgage processing

Credit reports

Regulatory compliance

Problem solving

Job description

Position Summary:The Senior Processor obtains and prepares loan documents, credit documents, appraisals, etc., to complete loan files. Maintains and updates records and files for processing of each loan; verifies for accuracy and completeness; performs data entry. May prepare credit reports and/or purchase contracts.Essential Job Functions:Specific tasks will include, but are not limited to, the following:Carry pipeline 25-45 loans.Review new files within 24-48 hours.Close every loan on Time.Order all verifications, appraisals, title work, FHA case numbers.Develop and maintain knowledge and comply with company policy and secondary market requirements pertaining to credit/security standards and regulatory requirements relative to conventional, government and self-employed loans requirements.Stay abreast of changes in policies, standards and regulations applicable to work unit.Understand and apply local, state, and federal regulations relating to processing mortgage loans.Ability to identify and resolve problems in a timely, objective and confidential manner.Advanced knowledge of complex mortgage loan processing and associated documentation and underwriting guidelines required.Act as trouble-shooter for problem loans, interacting between Loan Originators, client, and lender.Log new loans.Review 1003 for accuracy.Prepare stipulation file/requirements and reviewing with Loan Originator.Follow up to ensure Statement of Credit Denial letters issued.Prepare and distribute aging reports to Originators.Pre-underwrite all loans to ensure proper supporting documentation.Coordinate and distribute lender and underwriting changes.Request routine additional documentation from loan customer.Collect, submit and clear ALL underwriting and ALL funding conditions.Coordinate closing date and location between Loan Originator, lender, and closing agent.Review HUD prior to closing.Ensure proper timelines and follow up procedures are adhered to with loans in Prospect list and Pipeline list.All changes in lenders and programs by lenders must be approved by Director of Operations prior to changes.Required Job Functions:Specific tasks will include, but are not limited to, the following:Identify and follow through on solutions for problems or potential problems with staff, cleanliness of office, orders, flow of customers and visitors, as well as problems with computers and software.Verify confidentiality is secure by keeping drawers and sensitive information in locked drawers/cabinets.Effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven environment.This position may require occasional overtime and travel.Additional tasks as assigned.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, skills, efforts, or working conditions associated with a job.Working Conditions Information:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is often required to walk; use hands to finger, handle, or operate computers, objects, tools, or controls; and reach with hands and arms. Specific vision abilities required by this job include close vision and the ability to adjust focus.Diversity and Inclusion:At NFM Lending we are a diverse team of champions, industry pioneers and action leaders. We draw on the differences in who we are, what weve experienced, and how we navigate the mortgage industry with focused intention. We work to attract, develop, engage, advance and retain a high performing workforce through fostering an inclusive culture where everyone can join in the journey to success. EOE.Additional Information:The range provided reflects the expected compensation for this role and is considered a general guideline. Actual compensation will be decided based on factors such as geographic location, skills, education, experience assessed during the interview process, and internal pay equity. Compensation may also include incentives such as per-file bonuses and discretionary bonuses as applicable to the role.Qualifying employees are eligible to participate in our Total Rewards program. Additional information can be found by clicking on the following link: Benefits and Total Rewards