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Top Financial Institution in the North Shore (near Woburn MA) has a need for a Temp to Perm Mortgage Loan Processor for a growing organization that is adding to staff due to growth. This role will offer a hybrid schedule after training and the firm has an excellent culture for all who join.
Responsibilities
- Effectively manage loan pipeline and workflow to meet established goals, making observations and recommendations for process improvement and efficiencies to provide the highest level of member service.
- Prioritize loan files to meet all individual loan timelines including commitments, mortgage contingency dates, close dates, and rate locks.
- Generate Loan Estimates on a timely basis to meet Regulatory requirements including 3-day disclosure requirement.
- Accurately Calculate FNMA LLPA’s.
- Order services through 3rd parties including credit reports, flood certs, appraisals and settlement and title services.
- Collect and review all loan documents to satisfy loan conditions, preparing file for underwriting, ensuring documentation is in order, accurate and complete prior to advancing to Underwriter for review. Note: Reviewing loan file requires working knowledge and understanding of loan applications, credit report, asset statements (including sourcing large deposits and EMD’s), income docs (including paystubs, W-2’s, tax returns), appraisals, title work, etc…and the ability to identify possible deficiencies in file, including possible fraud/risk and ask appropriate questions, obtain clarifications and/or updated docs as needed.
- Perform File Maintenance, Compliance and QC tasks including but not limited to: Issuing 21-day letters, ensuring accuracy and completeness of HMDA data, performing Pre-Closing QC.
Qualifications
- Minimum 1-3 years current Conventional Mortgage Loan Processing experience.
- Processing loans through Encompass LOS experience preferred.
- Ability to multi-task and process high loan volume in fast-paced system & technology-based environment; encouraging and cultivating continuous process improvement.
- In-depth understanding of current Regulatory Requirements relative to TRID, as well other State and Federal Regulatory requirements.
- Experience generating and reviewing Loan Estimates (LE’s).
- Working knowledge and understanding of Fannie Mae Guidelines and AUS.
- Strong attention to detail is key!
- Excellent written and verbal communication skills.
- Ideal candidate will be highly positive, proactive, self-motivated and possess ability to execute during peak season and credit union promotions that often come with high volume & increased demands
Compensation is $24-$29 per hour
*MONKNFT*
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