Jr. Loan Processor

Position Overview

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender. As the Junior Loan Processor, you will provide quality customer service by verifying necessary documentation to underwrite loans and order third party documentation by directly communicating with customers, loan officers, processors, and underwriters. This role also offers a growth pathway in collaboration with the training department for a transition into a Senior Loan Processor.

Key Responsibilities

• Perform a thorough review and analysis of the 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 and ensure the application is complete and accurate.
• Prepare a loan approval summary, Forms 1008 and 1003, ensuring all information is correct.
• Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation.
• Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.).
• Coordinate with companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.
• Verify that vendor orders are complete, invoices are received, and are properly filed.
• Manage the pipeline by completing and submitting reports within allotted turn-around times.
• Assist in the loan set-up, closing, secondary marketing, and loan servicing by clearing outstanding suspense items.
• Work flexible hours and overtime as needed.

Required Qualifications

• High School diploma or equivalent.
• Minimum of 2 years’ residential mortgage experience.
• Experience with RESPA regulations.
• Experience with Encompass.
• Excellent analytical, communication, prioritization, and time management skills.
• Proficient in DU, LP, Microsoft Office, and Windows.

Preferred Qualifications

• Experience with mortgage and consumer lending regulations, including Regulation Z and Regulation B requirements, and familiarity with loan documents.

Benefits & Perks

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