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Loan Processor
CrossCountry Mortgage, LLCLoan Processor providing quality customer service in obtaining documentation for underwriting residential mortgage loans. Requires 5+ years of processing experience and knowledge of various loan types.
About the role
Key responsibilities & impact- 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
Requirements
What you’ll need- 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
Comp & perks- medical, dental, vision
- 401K
- company-provided short-term disability
- employee assistance program
- wellness program
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Loan Documentation ReviewLoan Package AssemblyCredit AnalysisLoan Approval Summary PreparationCompliance ReviewLoan Checklist CompletionDocumentation VerificationTime ManagementPrioritization SkillsKnowledge of Loan Types
Soft Skills
Customer ServiceCommunication SkillsTraining and Supervision