Job Description

IMPORTANT: This is an exceptional opportunity for a Sr. Loan Officer/Processor or Underwriter to take over our Sr. Vice Presidents book of business. 900+ clients and $50 million in annual loan volume. ONLY SERIOUS CANDIDATES APPLY. 

Summary

This position is a dynamic opportunity for a driven, hard-working individual to provide professional support to both the sales team and processor by assembling a completed residential mortgage loan file in preparation for submission to underwriting department with the goal of a stress free, excellent experience for our clients. In addition, you will be managing the day-to-day operational aspects of the companies Service Level Agreements to ensure the branches meets and exceeds our loan quality standards

Essential Duties and Responsibilities

·         Review 1003 for Completeness

·         Confirm How Borrowers want their names vested on title

·         Thoroughly Scrub Credit

·         Thoroughly Review AUS Review Documentation provided

·         Communicate with borrowers  and real estate agents in the process

·         Complete Required Checklist

·         LOA to Processor Communication Template

·         Disclose Loan & Ensure Disclosures are signed

·         Review of all files to ensure RESPA compliance

·         Flag Priority files that require urgency to meet our close timelines

·         Manage Daily Pipeline Report to ensure the Branch meets the following

·         Track Performance of Service Level Agreements in the following areas

LEGACY PERFORMANCE EXPECTATIONS

·         COE > 28 DAYS or on/before close of escrow date; 80%

·         Assist Loan Officers in Pre-Approving 35+ loans per month

·         Request Order Outs at time of pre-approval to Jr. Processor; 75% of all pre-approvals

·         Important Dates to be entered in Legacy Pipeline worksheet daily

·         Work Flow to be provided to Sales Team Daily 

·         Weekly phone calls to Client in Escrow to provide update and timeline on their loan process

·         File Quality = 85% of Submissions to Processing No Income, Credit or Asset issue

·         Meet Service Level Agreements

1.       Disclosures Requested > 3rd Day of Escrow Opened (85% of files)

2.       Submitted to Processing > 5th Day of Escrow Open (85% of files)

3.       Conditional Approval to Resubmittal > Must have all PTD Borrower conditions sent back to Processor by 3rd business day of receipt of Cond Approval (85% of files)