Jr. Loan Processor

Position Overview

The Junior Loan Processor is responsible for providing quality customer service by verifying necessary documentation to underwrite the loan and ordering third party documentation by communicating directly with the customer, loan officer, junior processor, senior processor and/or underwriter. This role plays a vital part in ensuring that loans are processed efficiently and accurately while collaborating with the training department for transition into a Senior Loan Processor.

Key Responsibilities

• Perform a thorough review and analysis of borrower’s credit, employment, income and assets as required by the loan program before submitting to underwriting.
• Assemble the complete loan package in proper order for underwriting.
• Verify all required documentation (pre-underwrite) in the file.
• Ensure the application is complete and accurate; prepare a loan approval summary, Forms 1008 and 1003, and verify all information on these documents.
• Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation required to qualify for the loan.
• Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.).
• Coordinate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.
• Verify that vendor orders are complete, invoices are received, and documentation is organized in the applicant’s file.
• Manage pipeline by completing and submitting reports within allotted turn-around times.
• Assist with loan set-up, closing, secondary marketing, and loan servicing to clear outstanding suspense items.
• Be available to work varying hours and overtime as needed.

Required Qualifications

• High School diploma or equivalent.
• Minimum of 2 years’ residential mortgage experience.
• Experience with RESPA regulations.
• Proficiency with Encompass.
• Familiarity with mortgage and consumer lending regulations, including Regulation Z and Regulation B, with knowledge of loan documents (preferred).
• Excellent analytical, communication, prioritization, and time management skills.
• Proficient in DU, LP, Microsoft Office, and Windows.

Benefits & Perks

• Competitive Compensation plan
• Robust benefits package including medical, dental, vision, and a 401K
• Company-provided short-term disability
• Employee assistance program and wellness program