Mortgage Loan Processor

Loan Processor

Work Style: Remote

Pay: The expected base pay range for this position is from $55,000 to $60,000 plus additional bonus opportunity resulting in an expected total annual compensation of $80,000-90,000. The annual compensation range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.

JOB SUMMARY

The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been completed, organizing additional application materials, and submitting applications on schedule.

JOB FUNCTIONS

File Management and Communication

• Manages pipeline of 20-25 loans per month, including purchases and refinances.

• Compiles and verifies borrower information for residential mortgage loans.

• Calculates borrower income, assets, and liabilities.

Reviews loan applications for completeness, ensuring loan meets standards (type, amount, assets); reconciles against system input.

• Gathers required documentation from borrowers and third parties.

Communicates effectively with Mortgage Loan Originators and other stakeholders to complete mortgage loan file processing requirements.

REQUIREMENTS AND QUALIFICATIONS:

Education: High school diploma or equivalent required.

Years of Related Experience: Minimum 3 years processing experience.

Knowledge, Skills and Abilities (KSAs):

• Proficient with DU/GUS/ LP.

• Familiar with FHA, VA, USDA and conventional products.

• Proficient Mortgage Loan Origination Systems (LOS).

• Excellent written and verbal communication skills along with solid computer skills.

• Analytical thinker and consultative mind to support both team members and managers in all areas of the business.

Silverton Mortgage is committed to creating an inclusive workplace. Silverton Mortgage is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

Business Unit - Silverton Mortgage