Job Description
Mortgage Loan Processor (Work from Home)
MORTGAGE LOAN PROCESSOR JOB DESCRIPTION
SUMMARY OF ROLE: THIS IS A WORK FROM HOME OPPORTUNITY Acquires experience, skills and knowledge to perform Loan Processor duties and manage a pipeline under the daily guidance and direction of the Processing Manager.
COMPENSATION: ON TARGET EARNINGS FOR CLOSED LOAN BONUSES IS 50,000 ANNUALLY.
ESSENTIAL DUTIES AND RESPONSIBILITIES OF MORTGAGE LOAN PROCESSOR:
- Collects documents for VOEs, insurance deck pages, title receipts.
- Prompt customer follow up
- Understands where to research information Mortgage Consultant, Processor, LO, Software (Maxwell)
- Attends meetings as necessary
- Comprehends internal overlays and resources available with knowledge of where and how to use them
- Communicates with Sr. Processors and LOs as needed
- Ability to manage an active portfolio of 20+ files with a 60% fund ratio
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED FOR MORTGAGE LOAN PROCESSOR:
- 1+ years experience in loan processing as a Loan Processor, Loan Assistant, Loan Coordinator, or related position in MORTGAGE LENDING. Similar experience in banks will not be considered.
- Completion of a high school diploma or higher education level
- Strong time management skills
- Ability to understand and execute within multiple IT applications
- Ability to read, analyze and interpret complex documents.
- Ability to comprehend basic math skills using whole numbers, common fractions and decimals, (loan amount, asset. income calculations, etc.)
- Ability to exercise professional behavior, judgement and persuasiveness with internal and external customers.
- Ability to define problems, collect data, establish facts and draw valid conclusions.
- Ability to multi-task and set priorities
- Ability to work with basic mortgage industry software and Microsoft Office Suite
- Working knowledge of Investor guides (FNMA, FHLMC, FHA, VA, Jumbo, Other Government Products)
- Specialized training: de-escalation, file control
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