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National Loan Processor
PrimeLending
2021-12-03 07:32:07
Dallas,
Texas,
United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Overview:
- This is a work-from-home position and can be based anywhere in the US
- Evaluating all information supplied on a mortgage loan application, verifies the validity of the information and assembles a completely documented file to Underwriting and Closing departments
- Acts as the primary liaison between several internal departments involved in processing a loan as well as external contacts such as realtors, builders and the customer(s)
- Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers
- Maintains and updates loan application information within loan origination software and other applications
- As applicable, orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents
- Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines
- Calculates income, reviews assets and liabilities
- Reviews all disclosures for completeness and compliance
- Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions
- Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer
- May maintain accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards
- May prepare, when applicable, "Declination Letters." Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify
- May schedule closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.) Meets customer service standards as outlined by management
- May facilitate training of junior or newly hired processors regarding specific PrimeLending operations including file flow, loan origination software, and other applications
- Updates loan officer, loan officer assistant, realtors, builders and customers on loan status
- Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements
- High School diploma or equivalent required
- 2 years originations loan processing experience required
- Basic knowledge of mortgage industry preferred
- Excellent communication skills, both verbal and written
- Ability to demonstrate strong detail orientation and analytical skills
- Ability to meet deadlines
- Excellent PC skills, including Microsoft Office suite
- Strong customer service orientation
- Displays time management, organizational and problem-solving skills