Waterstone Mortgage Corporation logo
Waterstone Mortgage Corporation

An elite lender helping individuals achieve their dream of homeownership.

Mortgage Loan Partner II

Affiliate ManagerAffiliate MarketingFull TimeRemoteSeniorTeam 501-1,000Since 2000H1B No SponsorCompany SiteLinkedIn

Location

Texas

Posted

1 day ago

Salary

0

Seniority

Senior

High School4 yrs expEnglish

Job Description

Mortgage Loan Partner II

Waterstone Mortgage Corporation

• Function as the primary contact and liaison between clients and the Branch Manager/Loan Originator. • Serve as the primary operational partner to a dedicated Loan Originator, helping manage the business from application through closing. • Leverage strong knowledge of VA lending guidelines to structure and support VA loan transactions. • Review, structure, and submit complete loan applications, analyzing income, assets, credit, and cash flow to prepare high-quality preapprovals. • As part of the sales team, this individual is responsible for requesting/obtaining referrals from all WMC clients, current and potential along with sales partners. • Partner closely with the Loan Originator and Loan Processor to proactively manage the loan pipeline from application through closing, ensuring milestones and deadlines are met. • Responsible for submitting complete loan applications for each customer file. • Prepare accurate preapprovals, quote rates, and lock loans in accordance with company guidelines. • Track all requested documents in Encompass. • Review documentation received within 24 hours of receipt for discrepancies, omitted data, verified income calculation, asset verification, and Encompass updates based on verified information. • Respond to customer inquiries and other related parties on a transaction as needed in a timely fashion. • Run Automated Underwriting (DU/LP), review findings, identify required documentation, and ensure loan data accurately reflects underwriting results. • Order Title Commitments, Appraisal and Flood Insurance on the file. • Responsible for meeting deadline dates on the loan contracts along with rate lock expiration dates. • Ensure files are complete and set up in accordance with WMC policy and procedures. • Manage the full pipeline for a dedicated Loan Originator, ensuring an exceptional borrower experience from application through closing. • Reviews approved mortgage loans to determine conditions that must be met prior to closing.

Job Requirements

  • A high school diploma or general education degree (GED) is required
  • A minimum of four years of experience in a Loan Partner, Loan Processing, or Mortgage Underwriting role is preferred
  • Previous experience with VA home loans is required
  • Experience reviewing and structuring loan files, preparing preapprovals, and managing loans from application through closing is strongly preferred
  • Proficient knowledge in Microsoft Office is required
  • Prior experience on Encompass LOS system or other mortgage processing software is required
  • A federal registration through Nationwide Mortgage Licensing System (NMLS) is required.

Benefits

  • Health insurance
  • Flexible work arrangements

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