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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