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Condo Processor Jobs in Nevada (NOW HIRING)

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Condo Processor information

What is a condo processor?

A Condo Processor is a professional who handles the administrative and documentation tasks involved in processing condominium mortgage loans. Their responsibilities include reviewing loan applications, collecting and verifying necessary documents, coordinating with lenders, real estate agents, and homeowners associations, and ensuring all requirements for condo loan approval are met. They play a crucial role in ensuring that the loan process runs smoothly and complies with all regulations specific to condominium properties. Condo Processors help facilitate timely closings by managing communication among all parties involved.

What are the key skills and qualifications needed to thrive as a condo processor?

To thrive as a Condo Processor, you need a solid understanding of real estate transactions, condominium documents, and mortgage processing, typically backed by experience in title, escrow, or lending environments. Familiarity with loan origination systems (LOS), document management software, and regulatory compliance platforms is essential. Attention to detail, strong organizational skills, and effective communication set standout Condo Processors apart. These skills are crucial for accurately managing complex condo documentation and ensuring timely, compliant closings.

What are the typical challenges a condo processor might face when coordinating with multiple stakeholders during a transaction?

As a Condo Processor, you'll often coordinate with lenders, real estate agents, homeowners associations, and title companies. One common challenge is gathering required documentation from various parties on tight deadlines, especially when working with HOA management companies that may have different processing timelines. Maintaining clear communication and strong organizational skills is vital to ensure all necessary documents, such as condo questionnaires, insurance certificates, and financial statements, are received promptly and accurately to avoid delays in closing. Building relationships and having a proactive follow-up system can help mitigate these challenges and keep transactions on track.
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Condo Processor jobs near you

Mortgage Operations Specialist

CLARK COUNTY CREDIT UNION

Las Vegas, NV • On-site

$27.60 - $30.67/hr

Full-time

Posted 24 days ago

Job description

Qualified candidates will possess solid organizational, critical thinking, and time management skills as well as the ability to multitask and utilize available tools to accomplish tasks in a fast-paced environment with a high degree of accuracy and professionalism. The candidate must have a working knowledge of all mortgage compliance regulations, investor guidelines and agency guidelines. Mortgage Operations Specialist will serve as a floater, providing coverage and support across various roles within the department.

Responsibilities:

  • Must demonstrate knowledge of the Loan Estimate/Closing Disclosure including dates, APR/Non-APR fields to ensure compliance with regulations.
  • Monitor pipelines and work with staff to ensure timely delivery and accuracy of fees.
  • Comply with credit union policies and federal, state and other governmental rules and regulations for multiple states.
  • Communicate with production and operations teams, including Loan Officers, Processors and other departments as necessary to confirm that disclosures are appropriate and give feedback when modifications are required.
  • Reviewing applications to ensure that all the relevant paperwork has been submitted.
  • Submit vendor requests such as verification of employments, title orders, condo orders, credit verifications, etc.
  • Review title commitment for accuracy, liens, judgments, and easements to verify no issues with lien superiority.
  • Review sales contract, PMI certificates, lock confirmations, and underwriting approvals for accuracy and verify data entered in Encompass.
  • Verifies accuracy of hazard and flood insurance, property tax amounts and due dates for prepaid and escrow accounts.
  • Review the closing loan package for accuracy. All documents must meet compliance requirements. Knowledge of RESPA is critical to ensure the right of rescission and closing date compliance is followed.
  • Post-Closing- complete the UCD with Fannie/Freddie. Send collateral package to investor or book loan with sub-servicer. Coordinate the post-closing review and upload all pre-purchase packages to investor within 1 day of funding or sooner depending on lock expirations. Review and satisfy all investor pre-purchase conditions timely. Complete internal purchase advise logging for all investor purchased loans.
  • Address any errors or missing information in the loan package and coordinate with relevant parties to obtain necessary corrections. 
  • Handle and track any documents that come in after the initial closing, such as recorded mortgages or final title policies. 
  • Maintain accurate records of all transactions. Document Encompass with all loan conversations regarding the loan.

Education:

High School Diploma or GED is required.

2+ year college degree is preferred.

Experience:

  • 2+ years of mortgage disclosing or closing experience preferred
  • Experience with Encompass preferred.
  • Knowledge of Construction Loans preferred.
  • Processing experience preferred.

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