Mortgage Loan Processor LP3

Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; Compensation $60,000 - $90,000 yearly Qualifications Standard Job Requirements High school diploma or equivalent Minimum 3 years of underwriting or processing experience 40+ hours per week commitment Proficient in DU/DO and LP Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.) Strong understanding of investor guidelines Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, OneNote) Excellent verbal and written communication skills Strong time management ability to work under pressure Detail-oriented with a strong sense of accountability Team player with the ability to collaborate across corporate branches levels Completion of all required regulatory compliance training Responsibilities Pre-Underwrite Verify that the initial loan file is complete using the pre-underwrite checklist Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission Return incomplete loans to LO or LP2 with a detailed list of outstanding items Initiate ALL third-party items (or direct LP3A to do so, if applicable) Submit high-quality loans for preliminary underwriting without over-analyzing Post-Underwrite: Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear Confirm outstanding CLA items have NOT already been received before reaching out to external parties (avoid duplicate requests to borrowers) Request conditions in layman’s terms that are easy for borrowers to understand Thoughtfully review and submit all conditions to underwriting Proactively communicate with LP2 (via phone or face-to-face) on better submission practices Send all Clear to Close (CTC) requests via email to the loan team Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE) Post-Fund: Monitor pending closed loans for funding authorization Clear any post-funding conditions as required Support LO, LP1, LP2, and borrowers with any post-funding questions Additional Responsibilities Collaborate with the Operations Team to improve the LP2 submission checklist for efficiency Attend Weekly Team Meetings (WTM) to review the entire loan pipeline Log all crucial communication in the LOS Conversation Log Build relationships with closing, funding, post-closing, and QC teams High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor Liaise between the mortgage lending underwriting department, mortgage loan originators, real estate agents, and applicants to facilitate loan approval Put together loan packages and submit to lender underwriting for approval or denial Obtain property documentation to process mortgage loan files, including appraisals, inspections, title searches, site surveys, contracts, and property tax records Input detailed loan process documentation in our system - from origination to close Collect and verify necessary financial documentation, such as credit reports, to complete mortgage loan applications and determine creditworthiness #J-18808-Ljbffr Covita Lending