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Immediate Need for Mortgage Loan Processor

Company: AppleOne
Location: Livermore
Posted on: June 27, 2020

Job Description:

This Immediate Need For Mortgage Loan Processor Position Features:--- Thriving financial institution with growth opportunities

--- Great location with several routes to get to work

--- Supportive management and staff to help realize your goals

The Mortgage Loan Processor is responsible for processing and managing a pipeline of 40-55 residential mortgage loans. The Loan Processor is the main point of contact for the borrower from loan application through funding. The Incumbent must be knowledgeable in the overall loan process and must have a general understanding of Fannie Mae, Freddie Mac and other investor guidelines.

Role and Responsibilities

---Review and evaluate loan file documentation including AUS findings, credit reports, preliminary title reports, flood certifications, appraisals and income and asset documentation prior to forwarding the file to underwriter

---Determine any issues that may need to be addressed with the borrower for clarification

---Ensure all necessary documentation is requested to support final loan decisions

---Issue (mail or email) the Conditional Letter of Approval (CLA) or Notice of Incomplete (NOI) letter to the borrowers within the established Service Level Agreement (SLA)

--- Review pipeline daily to follow up on all aging loans and expired CLAs or NOIs

---Maintain communication with manager and loan agent regarding the status of loans that are stagnant or not moving through the pipeline in a timely manner

---Review and update conditions in preparation to submit the loan file to Underwriting for final approval

---Research and follow-up on outbound calls

---Other projects assigned by management

---Communicate frequently with Supervisor and Manager on status of pipeline and any potential issues

Great benefits. Apply for this great position as a immediate need for Mortgage Loan Processor today!

Keywords: AppleOne, Livermore , Immediate Need for Mortgage Loan Processor, Other , Livermore, California

Click here to apply!

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