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Mortgage Loan Processor

JobTracks, Inc.

Mortgage Loan Processor

San Diego, CA
Full Time
Paid
  • Responsibilities

    Job Description

    SUMMARY:

    • Loan Processor serves as primary contact and service experience agent for Members who have applied for a real estate loan and provides timely status updates
    • Assists Members with understanding the processes, obtaining required documentation and meeting underwriting requirements
    • Is responsible for re-working loan when appraised value comes in low and presents any possible options to the Member

    ESSENTIAL JOB FUNCTIONS:

    • Verifies that original regulatory and/or compliant loan disclosures have been sent to our Member within the required timelines
    • Understands and is able to explain the terms of all disclosures to Members
    • Applies team and department "Best Practices " as instructed by Management
    • Coordinates funding activities with closing area, settlement agent, and Member
    • Ensures that all pre-document and loan conditions are satisfied prior to authorizing funding
    • May be responsible for ordering out on own files in the event that a file clerk is unavailable
    • Processes real estate loan applications in a manner that is compliant with internal lending policies, standard operating procedures, including product matrices and Investor guidelines
    • Is accountable for reviewing internal policy documents and SOP's on a frequent basis to ensure that skills and understanding are current
    • Ensures that the processing system is kept current with status, conversations, and mail received on a daily basis
    • Ensures that department turnaround times for periods from receipt of completed loan application to credit approval then funding are met
    • Responsible for primary Member contact; which includes providing twice-weekly status updates to Members in pipeline; reviewing loan stipulations and counter offers and updating escrow and real estate agents at least weekly
    • Reviews all incoming mail within 24-48 hours of receipt; including but not limited to Member documentation and stipulations, appraisal, preliminary title report, homeowner association documentation, mortgage Insurance, if applicable, and insurance certificates (hazard and flood)
    • Responsible for following up on third party services, within two business days of receipt of a completed loan application, including but not limited to Appraisal, Escrow, Title, and mortgage insurance

    EXPERIENCE:

    • High School Diploma or G.E.D. required
    • 1+ years of related experience required
    • Experience in real estate lending, consumer lending, or front line Member service role
    • Register with the Nationwide Mortgage Licensing System and Registry as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the "SAFE Act ") when applicable
    • Perform clerical processing duties for the refi team to assist the Loan Processors in Operations, including requesting Verbal and Written Verification of Employment, verifying hazard insurance, completing Homeowners Association Certifications, processing 4506 Validation Requests, ordering initial escrow Settlement Statements, and processing mortgage insurance requests

    Company Description

    ABOUT JOBTRACKS It's corny, but we call ourselves, "The Matchmakers of the staffing world." We're committed to pairing highly qualified employees in the real estate, title, escrow and hospitality industries with the most eligible clients. Apply now, and we'll send cupid out on your behalf! REFER A FRIEND = GET $50 You get $50 and your friend gets a lifetime opportunity... What could be better? We will gladly send you $50 if someone you share our information with is hired and works at least 4 weeks for a direct-hire position. Thank you for spreading the word!