Loan Processor III

Job Description: • Process and pre-underwrite conventional, FHA, VA and Bond mortgage loans for compliance with Company, investor and government standards • Achieve production and quality metrics • Serve as liaison between loan officer, borrower, underwriter and funding • Prepare and review loan files for completeness, supporting documentation and underwriting/investor compliance • Monitor loan processing cycle time and resolve issues that could delay closing • Analyze loan-to-value ratio, debt-to-income ratio, credit reports, applications, income, assets and down-payment sources to identify fraud or misrepresentation • Order and review third-party documentation including credit checks, title reports, appraisals, tax returns and employment/assets verifications • Stay current with federal and state regulations, policies and industry trends • Check ratios and verify AUS findings and program applicability • Review documentation integrity and submit loan files to underwriting • Identify qualifying and program issues and restructure loans as needed • Provide program options and recommendations within guidelines • Update and verify system data • Obtain and verify clearance of underwriting conditions and prepare files for Closing • Order generation of loan documents • Coach and guide less experienced Processors • Compose professional correspondence and emails using templates • Provide status updates to Loan Officers and borrowers Requirements: • High school diploma or equivalent required • College courses or technical training related to Business, Finance/Accounting, Legal, or related field preferred • Five or more years of experience as a Loan Processor • Preferably experience processing conventional and FHA loans • At least two years of experience processing VA and Bond mortgage loans • Expert knowledge of mortgage lending processes, controls, and federal, state and regulatory requirements • Expert knowledge of conventional, FHA, VA and Bond mortgage products, program guidelines, approval conditions and investor guidelines • Expert knowledge of new construction documentation and condominium projects • Expert knowledge of documentation for consumer mortgage applications, including complex tax returns, financial statements, income and deposit verification • Ability to evaluate facts and data, draw conclusions and assess downstream impacts and risks • Ability to prioritize multiple tasks in a deadline-driven, metrics-driven environment • Excellent verbal, written, interpersonal and customer service skills • Intermediate math skills • Strong attention to detail and organization • Experience with internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs • Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs and third-party software applications • Ability to exercise independent judgment and discretion • Ability to provide guidance to less experienced team members • Ability to use a computer keyboard and mouse frequently • Ability to accurately interpret audio and visual information Benefits: • Medical insurance • Dental insurance • Vision insurance • Life insurance • AD&D • LTD • 401(k) with employer match • Eligibility for incentive compensation • Pleasant work environment • Competitive compensation • Remote work arrangement