Job Description

The position of a Loan Processor is the processing of a mortgage loans from beginning to funding.

Requirements

KNOWLEDGE, SKILLS, AND ABILITIES

• Knowledge on reading and understanding appraisals, titles and credit reports; Running and reading DU
• Basic business math to calculate income, assets, taxes and monthly insurance
• Understand rules regulations, policies and/or procedures along with investor guidelines
• Ability to 'pre-underwrite' the file assuming what conditions will be needed prior to the file being underwritten by the underwriter requirements
• Demonstrated interpersonal, organizational and time management skills
• Use basic/business math to solve problems
• Speak clearly, concisely and effectively; listen to, and understand, information and ideas as presented verbally
• Laws governing access to public and private records
• Follow written and/or oral instructions
• Use the telephone in a professional and courteous manner
• Strong computer skills. Must be able to move through the LOS system and other programs
• Time management: Knowing the cut-off times for funding and underwriting so that the file moves smoothly and does not lose a rate lock.
• Knowledge of GFE, APR, interest rates and disclosure/re-disclosure time lines
• Adaptability to a fast paced environment

REQUIREMENTS

• Minimum of 2 year experience as Loan Processor is required
• Maintain a production average of 2 – 3 mortgage loan decisions per day
• Current Mortgage Loan Processing knowledge and background required
• Maintain a regular 8 hour shift in addition to any overtime that may be required to keep your pipeline moving smoothly

Responsibilities

EXAMPLES OF TASKS

• Communicate with borrowers in a manner which shows sensitivity, tact, and professionalism
• Contact each borrower in a timely manner to introduce yourself and go over the process and items needed
• Maintain current knowledge about the industry, market trends, competitive position, etc.
• Strive to achieve and exceed productivity expectations and standards
• Read, interpret and apply applicable laws, rules, regulations and/or policies and procedures
• Deal with people in a manner which shows sensitivity, tact, and professionalism
• Accurately document all information pertaining to accounts

Company Description

About Statewide Funding: Statewide Funding is a direct lender with over 150 employees. We service clients with our innovative products, exceptional service, support and our dedication to helping their partners grow our business. Our company was built on our adherence to the highest ethical standards, while efficiently and carefully executing the delivery of product pricing for for our clients. This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group. NMLS # 1105497.