NMLS3029
Loan Processor
Location
New Jersey + 1 moreAll locations: New Jersey | New York
Posted
16 days ago
Salary
0
Seniority
Senior
Job Description
Loan Processor
CrossCountry Mortgage, LLC
• Providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly with the customer and/or Loan Officer • Provides proper disclosures when required by applicable local, state, and federal regulations • Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the loan program before submitting to underwriting • Assemble the complete loan package in proper order for underwriting • Verify all required documentation (pre-underwrite) in the file • Complete the required loan checklist • Verify that an application is complete and accurate; identify any potential issues that may arise in underwriting • Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on the documents; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan • Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures • Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information • Manage pipeline by completing and submitting reports within allotted turn-around times • Assist set-up of loans • Document all communication related to the loan application in the conversation log • Train and assist supervision of new Loan Processors and other processing personnel • Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage investors • Available to work varying hours and overtime if needed
Job Requirements
- High School Diploma or equivalent
- 5+ years of residential mortgage processing experience, with a focus on retail lending
- Experience managing a pipeline of up to 50 loans simultaneously in a dynamic environment
- Experience working with a variety of loan types, including Correspondent, Brokered, FHA, VA, Agency, Non-QM, Jumbo, and Bond programs
- Experience with Encompass
- Experience with SONYMA loans, preferred
- Knowledge of DU, LP, Microsoft Office, and Windows
- Knowledge of NJ and NY state-specific lending requirements and compliance standards
- Knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents, preferred
- Excellent math and analytical skills
- Excellent prioritization and time management skills.
Benefits
- medical, dental, vision
- 401K
- company-provided short-term disability
- employee assistance program
- wellness program
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• Provide quality customer service by verifying necessary documentation to underwrite the loan • Order third party documentation by communicating directly with the customer, loan officer, junior processor, senior processor and/or underwriter • Collaborate with the training department for transition into a Senior Loan Processor • Verify that an application is complete and accurate • Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) • Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information • Verify that vendor orders are complete, invoices are received and in the applicant’s file • Manage pipeline by completing and submitting reports within allotted turn-around times • Assist set-up of loans • Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage, LLC investors
