Job Description
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Job Description
The Sr. Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and ordering third party documentation by communicating directly with the customer and/or loan officer in a professional and effective manner. Must have a “can-do” attitude and can treat everyone involved in the transaction as a customer. Must be self-sufficient and be able to use Google (Google is amazing! It enables you to be self-sufficient and avoid disturbing colleagues), FHA Handbook and other resources.
QUALIFICATIONS:
RESPONSIBILITIES:
Perform a thorough review and analysis of borrower’s credit, employment, income and assets as required by the particular loan program before submitting to underwriting
Assemble the complete loan package in proper order for underwriting:
Verify all required documentation (pre-underwrite) in the file;
Complete the required loan checklist;
Verify that an application is complete and accurate; and
Identify any potential issues that may arise in underwriting * Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on those documents. Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation required to qualify for the loan
Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures
Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information
Manage pipeline by completing and submitting reports within allotted turn-around times.
Assist set-up of loans
Document all communication related to the loan application in the conversation log.
Train and help supervise new loan processors and other processing personnel
Assist closing and secondary marketing to obtain and clear outstanding suspense items
Company Description
Who is Lend Plus? Lend Plus was established in 2007 during the industry melt-down. Our founders had a vision of being the market leader by creating the ultimate customer service experience. Our dynamic management team is dedicated to driving efficiency, quality, and transparency. Their focus is on continuing our expansion with new products, new markets and cutting edge technology. What sets us apart are 3 things: 1. Character 2. Competitive products & pricing 3. Technology