Construction Loan Processor

Loan ProcessorGeneralFull TimeRemoteSeniorTeam 5,001-10,000H1B No SponsorCompany SiteLinkedIn

Location

United States

Posted

4 days ago

Salary

0

Seniority

Senior

Bachelor Degree3 yrs expEnglish

Job Description

Construction Loan Processor

CrossCountry Mortgage, LLC

• Communicate with various companies to obtain vendor information including, but not limited to, verification of employment, flood certificate, title commitment, and payoff information; verify vendor orders are completed and returned, and invoices are received and documented • Perform a thorough review and analysis of borrower’s credit, income, and assets as required by loan program before submitting the file to underwriting • Obtain a complete loan package before submitting to underwriting; verify all required documentation in the file is complete and accurate and identify any potential issues that may arise before submitting to underwriting (pre-underwrite) • Prepare a loan approval summary for missing documentation before submitting to underwriting for Loan Officer/Branch Manager to review; deliver completely documented file to the underwriter which is ready for approval or denial • Communicate directly with the customer in writing and by telephone to obtain missing documentation required for the loan as needed • Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations) • Prepare proper disclosures and re-disclosures as required by regulations • Complete required loan submission, re-submission, and closing checklists • Manage pipeline within allotted turn times • Document all communication related to the loan application in the LOS system’s conversation log • Assist closing, secondary, and servicing to obtain documentation needed to clear outstanding suspense items for personal loans worked on and/or loans worked on from other transition team members • Performs such other duties as required. • Available to work varying hours and overtime if needed.

Job Requirements

  • Bachelor’s degree preferred; high school diploma or equivalent combination of education and experience
  • 3-5 years’ residential mortgage processing experience
  • Experience with renovation and/or new construction lending
  • Experience working with automated Loan Origination Systems
  • Experience with Encompass LOS
  • Knowledge of RESPA guidelines, general knowledge of all mortgage and consumer lending regulations (Regulation Z and Regulation B requirements) and loan documents
  • Knowledge of industry guidelines and procedures as well as federal, state, and local regulations
  • Proficient in DU, LP, Microsoft Outlook and Windows
  • Excellent math and analytical skills
  • Excellent communication skills
  • Excellent prioritization and time management skills

Benefits

  • medical, dental, vision
  • 401K
  • short-term disability
  • employee assistance program
  • wellness program

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