Loan Processor

Loan Processor
Company:

Long Beach Home Loan


Place:

California


Area:

Real Estate

Loan Processor

Details of the offer

We are currently seeking an experienced and detail-oriented mortgage loan processor for our dynamic lending team. The ideal candidate will have years of mortgage processing experience, a can-do attitude, and a proven track record of providing solutions in the mortgage lending industry. If you are looking for a lucrative position that will help you reach your financial goals, we?d love to talk with you!
Compensation
$45,000 - $120,000, commensurate with experience and performance
Compensation:$60,000+ at plan, bonus
Responsibilities:Take full ownership of the loan file and be responsible for all communications on the file with the borrower and third parties, from the time the file is Conditionally Approved through Closing
?Initial Review
Confirm title status
Confirm appraisal status
Confirm outstanding conditions status
Confirm rate lock is sufficient
If outstanding conditions are not received within one business day of the request, contact responsible parties
Communicate deadlines to the borrower and third parties on providing conditions/request information
Request homeowner?s insurance declarations page
For condominiums, order a condo questionnaire and condo master insurance

Appraisal Review
Confirm value and property condition is satisfactory
Notify loan originator, borrower, real estate agent, and any other applicable parties of the value
Update Loan Originator Software (LOS) with the appraised value

Condition Review
As conditions are received and reviewed
If the condition is acceptable, remove the condition as an outstanding in the Point of Sale (POS)
If the condition is not acceptable, update the condition request with details on why what was submitted is not acceptable and what is required to satisfy the request
Upon receiving the required condition submit conditions to underwriting

Timeline Management
Ensure the early closing disclosure (CD) goes out to the borrower at least three business days before the anticipated closing date
Sending the borrower a message via email and/or Point of Sale (POS) notifying them the closing disclosure (CD) has been sent to them electronically
Contact borrower to confirm receipt of closing disclosure (CD)

Clear to Close
Request closing instructions from the lender to be delivered to the title company
Communicate with the title/settlement company to confirm the closing cost and to finalize the settlement statement
Communicate deadlines to the title/settlement company
Confirm verification of employment is completed and does not expire prior to funding
Send the borrower the final closing disclosure (CD) with detailed summary and identify funds needed for closing, how funds need to be transmitted
Communicate to the title/settlement company message with instructions on what is required upon completion of the settlement (copy of the signed closing package, broker check, etc.)

Post Closing
Update status, data, and data tracking in Loan Origination Software (LOS)
Confirm all required information/documentation is stored in the electronic folder in digital document storage for this file
Send a message to borrowers and real estate agents on a successful settlement
Terminate the borrower?s information/account in the Point of Sale (POS)
Organize and categorize documentation required for post-closing compliance package in the ?Post Closing? folder within digital document storage

Qualifications:High school diploma or GED required - Associate?s degree in accounting, finance, or business preferred
Superb analytical skills, time management skills, and attention to detail
FHA, FHLB, FNMA, or VA loan product knowledge and mortgage lending experience required
Excellent written and verbal communication skills are a requirement
2 years minimum experience in loan processing required

About Company
Long Beach Home Loan is a full service residential mortgage brokerage, with a focus on direct-to-consumer business. We currently serve CA, with an expansion to 4+ other states underway. We work with the top lenders in the nation to provide 5-star service and value to our clients.


Source: Jobsxl


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