06 Aug
Loan Processor (Salinas)
California, Monterey bay

Vacancy expired!

Motto Mortgage is seeking a Loan Processor to join our high performing team. We are a mortgage brokerage looking for the right candidate to join our processing group. The Loan Processor is responsible for performing a variety of processing duties for

Motto Mortgage is seeking a Loan Processor to join our high performing team. We are a mortgage brokerage looking for the right candidate to join our processing group. The Loan Processor is responsible for performing a variety of processing duties for loan submission, loan closing and funding. The Loan Processor is responsible for gathering and reviewing all of the loan documentation, ensuring the loan file is in accordance with all applicable guidelines.

Job Responsibilities:

Communicates with loan officers, buyers, sellers, title companies, realtors. Work with lenders, applicants, underwriters, appraisal department and others to complete loan processing.

Manages a pipeline of loans and maintain timely and compliant flow of such loans throughout the process.

Process applications from time of receipt of application to submission of the loan package to underwriting

Gather, organize and track loan documentation.

Review new loans and condition submissions to analyze credit, asset and income documents to calculate ratios, funds required for closing and reserve requirement.

Process loans (Conventional, Purchase, FHA, VA, Refinance) following all company policies and procedures as well as all regulatory conditions.

Obtain and review required loan documentation and submits complete loan packages to lenders for approval.

Review all documentation obtained and ensure that it corresponds directly to the loan or product type chosen by the borrower.

Preferred Qualifications and Experience:

Loan processing experience, mortgage brokerage preferred.

Experience processing all loan types, including Conventional and Government (VA/FHA) loans.

Familiarity with encompass .

Excellent customer service skills with excellent written and oral communication skills.

Ability to prioritize and work independently with minimal supervision

Job Description:

Process Loan files in a paperless environment

Prepare and/or Review LE for accuracy

Order credit reports, appraisals and open escrow

Review and analyze appraisals, prelims, credit and asset documentation for accuracy

Perform preliminary analysis on personal and corporate tax returns

Once loan is approved send needs list to loan officer and follow file through to closing

Qualifications:

Minimum of 1years' experience as a processor on conventional loans (FHA a plus)

Must have experience working in Mortgage Broker environment

Have experience working with digital imaging/paperless environment

Have experience working in a fast paced environment

Experience with Encompass LOS software is a plus

Must show track record of closing 15+ loans per month

Proficient in MS Office (Outlook, Excel, Word)

Vacancy expired!