Senior Mortgage Loan Processor

Job Description

Job Description

Senior Mortgage Loan Processor
Full-Time | In-Office | Miami, FL

About the Opportunity:

Elliman Capital is the mortgage lending arm associated with Douglas Elliman, one of the most recognized names in residential real estate. As a division of Associated Mortgage Bankers, Inc., we lend across the country. Our largest concentrations are in markets such as New York, Florida, California, and Texas.

We are adding a Senior Mortgage Loan Processor to our Miami operations team. This role is for an experienced processor who can take a file from submission to clear to close with minimal oversight. You will keep Loan Officers and borrowers informed at every stage and catch problems long before they reach underwriting or the closing table.

Many of our clients come to us through real estate relationships. That means purchase contracts, firm closing dates, and borrowers whose financial profiles are not always straightforward. The processors who do well here read a file carefully, ask the right questions early, and take ownership of getting it closed.

You will work in person alongside Loan Officers, underwriting, closing, and leadership. Questions get answered quickly, and good ideas about how files should move through the process reach the people who can put them into practice.

What Makes This Role Different:

Purchase Transactions With Real Deadlines
Through our connection to Douglas Elliman, a meaningful share of our work involves purchase transactions and clients referred by real estate professionals. You will coordinate with agents and attorneys as well as borrowers, and your work directly affects whether a closing date holds.

Files That Call for Judgment
Expect sophisticated borrowers, high-value properties, and a product mix that can include jumbo and Non-QM financing, self-employed income, and condominium purchases. The work suits someone who wants to keep sharpening their skills rather than process the same file over and over.

A Voice in How the Work Gets Done
As our operations grow, experienced processors have a real opportunity to help refine checklists, workflows, and how we use Encompass. Your input reaches leadership directly rather than getting lost in layers of management.

Compensation That Reflects Your Pipeline
In addition to a competitive base salary, processors are eligible for tiered per-file bonuses. The effort you put into moving files to the closing table is recognized directly in your pay.

Responsibilities:

• Manage an assigned pipeline of residential loans from initial submission through clear to close, prioritizing by closing date, lock expiration, and outstanding conditions
• Review new files for completeness and accuracy before submission, including the application, credit, income, assets, and property documentation
• Analyze income and asset documentation, including tax returns, pay stubs, bank statements, and self-employed borrower documentation, and resolve issues before they become conditions
• Order and track third-party services, including appraisals, title, flood certifications, verifications of employment, tax transcripts, and hazard insurance
• Review appraisals, title commitments, and condominium or HOA documentation, and coordinate project review requirements where applicable
• Submit complete, well-organized files to underwriting and clear conditions accurately and promptly
• Communicate status and outstanding items to Loan Officers, borrowers, real estate agents, and attorneys so that no one is surprised as closing approaches
• Monitor disclosure timing and changed circumstances, and coordinate redisclosures with the appropriate team members in accordance with TRID requirements
• Partner with the closing team on final approval, clear to close, and a clean file handoff
• Maintain accurate, current loan data and documentation in Encompass
• Escalate risks to closing dates, lock expirations, or loan eligibility promptly, with a proposed path forward
• Share knowledge with other processors and loan officer assistants, and contribute to process documentation and checklist improvements

What You Bring:

Required

• 3+ years of recent, hands-on residential mortgage processing experience, independently managing a pipeline through clear to close
• Significant experience processing purchase transactions
• Strong working knowledge of Fannie Mae and Freddie Mac guidelines
• Ability to analyze income for W-2 and self-employed borrowers
• Working knowledge of TRID disclosure requirements
• Experience working in a mortgage loan origination system
• Exceptional organization and follow-through across multiple files with competing deadlines
• Clear, professional, and responsive communication with Loan Officers, borrowers, and real estate partners
• Ability to work full-time, in person, in our Miami office

Preferred

• 5+ years of mortgage processing experience
• Encompass experience (strongly preferred)
• Jumbo and Non-QM processing experience
• FHA and VA processing experience
• Experience with condominium project review, particularly in Florida
• Experience processing loans in multiple states
• Background with an independent mortgage banker or a high-touch, client-focused lender

Work Arrangement:

This is a full-time, in-person position based in our Miami, FL office.

Compensation:

$60,000 to $72,000 annual base salary, commensurate with experience, plus eligibility for tiered per-file bonuses. Bonus compensation is based on individual file volume and is not guaranteed.

Elliman Capital is a division of Associated Mortgage Bankers, Inc. Elliman Capital is a registered DBA of Associated Mortgage Bankers, Inc. NMLS 24794.

Associated Mortgage Bankers, Inc. is an Equal Opportunity Employer. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, genetic information, veteran status, marital status, sexual orientation, gender identity, or any other protected status in accordance with applicable federal, state, and local laws. Employment is at-will. Compensation is not guaranteed and is subject to federal, state, and company regulatory requirements. All offers of employment are contingent upon background checks and compliance qualifications.