Job Description

The Sr. Loan Processor Full Doc will be responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

WHAT YOU'LL DO:

• Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.
• Ensures the quality and compliance of work with Company policies, procedures, and investor guidelines.
• Ensures that all loans are processed to meet Company and Investor guidelines
• Constant communication with all external parties to the loan including but not limited to Borrower, Realtor, Closing Agent, and Appraisal Management Company.
• Communicates with Regional Vice President, Loan Officers, Operations Manager, Disclosure Department, Underwriting Department, Docs/Funding Department, and Branch Manager as required to resolve outstanding issues
• Communicates with escrow officer/settlement agent, title officer as required to resolved outstanding issues.
• Assists Post Closing Department as needed with making the loan whole for purchase into secondary market.
• Reviews and evaluates credit information on mortgage loan documents to determine acceptability for loan programs
• Performs all duties of a Loan Processor which include but are not limited to:
• Receives and review loans submissions
• Organizes and inputs loan information received into the company’s Loan Origination System (LOS).
• Maintains open files, orders appraisals, sends verifications, acquires documentation related to Borrower and property
• Pulls or verifies credit reports and flood certs as needed
• Monitors incoming documents verifying data collected by Loan Officers or agents
• Informs loan officer, agent, borrower about discrepancies in title, appraisals, credit , employment, income and other file related items
• Submits completed file to Underwriting Department for approval
• Proactively monitors pipeline to ensure timely funding of loans
• Obtains necessary stipulations to clear stipulations prior to docs and funding as required by Underwriting
• Ensures compliance deadlines are met with regards to initial disclosures, approval letters and denials notices
• Process 4506T, lock confirmations and request Change of Circumstance (COC’s) as needed.
• Performs all duties of a Loan Processor which include but are not limited to:
  • Receives and review loans submissions
  • Organizes and inputs loan information received into the company’s Loan Origination System (LOS).
  • Maintains open files, orders appraisals, sends verifications, acquires documentation related to Borrower and property
  • Pulls or verifies credit reports and flood certs as needed
  • Monitors incoming documents verifying data collected by Loan Officers or agents
  • Informs loan officer, agent, borrower about discrepancies in title, appraisals, credit , employment, income and other file related items
  • Submits completed file to Underwriting Department for approval
  • Proactively monitors pipeline to ensure timely funding of loans
  • Obtains necessary stipulations to clear stipulations prior to docs and funding as required by Underwriting
  • Ensures compliance deadlines are met with regards to initial disclosures, approval letters and denials notices
  • Process 4506T, lock confirmations and request Change of Circumstance (COC’s) as needed.
  • Prepares file for docs per checklist.
• Assists departmental support staff when necessary
• Performs other related duties as assigned

YOU’LL LOVE THIS JOB IF YOU’RE:

• Systematic and Diligent. You have a keen focus on the details and like to follow a plan.
• Flexible and Hardworking. You take pride in your work, and will do whatever it takes to get things done right.
• Quality Focused and Industrious. You’re passionate about maintaining high standards and delivering results.

WHAT YOU'LL NEED:

• Requires a High School diploma or equivalent work experiences.
• Five plus years Loan Processing work experience preferred.
• Experience working in a paperless environment preferred.

EEO/AAP Employer

Company Description

Carrington maintains the necessary infrastructure to ensure stability and maximize value during any market cycle. We are a fully integrated mortgage company supporting our customers by providing a broad range of real estate services encompassing nearly all aspects of single-family residential real estate transactions in the United States. Our Mortgage Servicing platform has continued to grow by focusing resources on excellent execution of our key competencies, including customer service, delinquency management, default management, loan administration, analytics, and investor reporting – all while preserving homeownership and providing world-class servicing. We’re always building our mortgage business with our customers in mind. What We Offer: • Comprehensive healthcare plans for you and your family. • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal. • Customized training programs to help you advance your career. • Employee referral bonuses so you’ll get the opportunity to work with friends (and get some extra cash in your pocket!). • Educational Reimbursement.