Our high-volume direct lending firm is looking for Remote Mortgage Loan Processors to join our team. as we reach $500 million in monthly fundings. Successful candidate will ensure file accuracy by reviewing and analyzing all aspects of the mortgage credit package. Processor is expected to have full knowledge of agency guidelines, TRID and have knowledge in income calculations. Candidate should possess the ability to work remote while maintaining focus for a very busy desk.
We offer a $7,500 signing bonus but conditions apply.
Mortgage Loan Processors Duties and Responsibilities
- Organizing, validating, compiling, and inputting of application into Encompass
- Ensure accuracy of documentation and proper disclosure notifications
- Ordering required verification, requesting documentation and all subsequent follow up
- Requests and reviews conditions to ensure compliance with investor guidelines
- Thorough review of borrower credit, income, asset and property to determine risk and evaluate borrower's repayment ability in order to render a credit decision.
- Conducts and determines appropriate fraud prevention measures have been taken
- Determine and communicate final credit decision and/or counteroffer solutions
- Familiarity with investor guidelines and understanding of policy requirements
- Acts as primary point of contact to loan officer and may communicate directly with borrower or vendors as needed
- Manages assigned pipeline and ensures proper follow up
- Ensures all required documentation is received, investor guidelines are met and final underwriting decision is documented and supported
What You Need for this Position
- Must have at least 2 years of Mortgage Processing Experience
- Recent Encompass experience mandatory
- Familiar with TRID and how to properly disclose the LE and CD
- Familiar with Fannie/Freddie guidelines
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