Junior Loan Processor

Job Description

Job Description

Description:

The Junior Processor assesses the financial history of loan applicants to determine whether applicants are eligible to obtain the loan.

Key Responsibilities:

• Research and verify information about loan applicants as required.
• Examine assets given as security and determines whether assets are suitable.
• Help to examine if the loan applicant has the capacity to repay the loan and ensures the loan applicant has reliable streams of income.
• Pipeline management of loans where disclosures have not been returned.
• Basic Office functions include, but not limited to: assisting LO with making copies, follow up phones calls, collecting and inputting data into system, ordering of items needed for completion of loan file.
• Able to comply with the policies and procedures outlined in the Company Handbook

• High School Diploma or Equivalent
• One (1) to Three (3) years prior Loan Processing/ Jr. Processing or Loan Set up experience in the mortgage industry is preferred
• Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines
• Knowledge of general federal and state mandated consumer disclosure requirements
• Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie mac Loan Prospector
• Proficient in data entry and management
• Must be Familiar with TILA / RESPA Integrated Disclosure (TRID).
• Experience in the mortgage industry preferred
• Ability to deliver effective results
• Reliable transportation, valid driver’s license and current automotive insurance
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent service skills
• Excellent organizational skills

Travel:

• As needed travel internationally between United States and Mexico to meet business needs.

Language:

• English preferred, Bi-Lingual (English/Spanish) desired.

Compensation:

• PMG will offer a competitive compensation package commensurate with the background and experience of the applicant.