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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.
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in residential mortgage processing, including thorough knowledge of various loan types and compliance with mortgage-related regulations. Proficient in managing loan pipelines and ensuring accurate documentation for underwriting.
Highest-signal resume keywords
Residential Mortgage Processing ExperiencePipeline ManagementKnowledge of RESPA RegulationsExperience with EncompassExcellent Math and Analytical Skills
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
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
Tools & Technologies
EncompassMicrosoft OfficeWindows
Industry Keywords
FHA LoansVA LoansAgency LoansNon-QM LoansJumbo LoansBond ProgramsNew Jersey Lending RequirementsNew York Lending RequirementsRegulation ZRegulation B
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