DATA ENTRY POSITIONBookmark This
residential home funding
6901 jericho tpke
Posted: April 25 2016
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DescriptionWe have an immediate opening for a Junior Processor to join our Sales team.
Passionate, enthusiastic, and excited describe our employee’s attitudesour employees to be exceptional in everything they do. It’s the exceptional that develop paths to extraordinary futures.
The Processing Department performs all processing and pre-closing tasks required to produce a loan in compliance with company standards from point of application to sale of a loan. The Processing Department verifies accuracy of documentation received, assists in clearing underwriting and post closing conditions. Order required documentation to prepare the loan for submission to the Underwriting and Closing Departments. The Processing Department is the primary liaison for Sales and Closing to help facilitate a loan closing request.
The Processor is responsible for obtaining and preparing loan documents, credit documents, appraisals, etc., to complete loan files. This position will maintain and update records and files for processing of each loan, verify files for accuracy and completeness, and perform data entries. The Processor will also package loan files after closing, and posts payments. This position may prepare credit reports and/or purchase contracts.
Essential Job Functions:
Specific tasks will include, but are not limited to, the following:
•Order all verifications, appraisals, title work, FHA Case Numbers
•Act as trouble-shooter for problem loans, interacting between LO, client, and lender
•Logging new loans
•Reviewing 1003 for accuracy
•Preparing stipulation file/requirements and reviewing with Originator
•Follow up to ensure Statement of Credit Denial letters issued
•Prepare and distribute aging reports to Originators
•Pre-underwrite all loans to ensure proper supporting documentation
•Coordinate and distribute lender and underwriting changes
•Request routine additional documentation from loan customer
•Collect, submit and clear ALL underwriting and ALL funding conditions
•Coordinate closing date and location between Originator, Lender, and closing agent
•Review HUD prior to closing
•Identify and follow through on solutions for problems or potential problems with staff, cleanliness of office, orders, flow of customers and visitors, as well as problems with computers and software
•Ensure proper timelines and follow up procedures are adhered to with loans in Prospect list and Pipeline list
•Verify confidentiality is secure by keeping drawers and sensitive information in locked drawers/cabinets
•All changes in lenders and programs by lenders must be approved by VP of Operations prior to changes
•Additional tasks as assigned
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, skills, efforts, or working conditions associated with a job.
Mortgage Loan Processor
Top 2 Must Haves to be a Processor:
•Communication Skills both phone and email
High School Diploma and work experience plus two (2) or more years of mortgage experience.
This job will require a criminal background check.
◦Team Player: Works well as a member of a group
◦Loyal: Shows firm and constant support to a cause
◦Enthusiastic: Shows intense and eager enjoyment and interest
◦Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
◦Dedicated: Devoted to a task or purpose with loyalty or integrity
◦Self-Starter: Inspired to perform without outside help
◦Growth Opportunities: Inspired to perform well by the chance to take on more responsibility
◦Peer Recognition: Inspired to perform well by the praise of coworkers
◦Job Security: Inspired to perform well by the knowledge that your job is safe
◦Goal Completion: Inspired to perform well by the completion of tasks
◦Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
The ideal candidate must have the following:
•Work requires regular internal and external contact in furnishing and obtaining information. Tact and discretion in obtaining cooperation and understanding is needed. Ability to work under minimal supervision where independent judgment is required in the interpretation of existing policies and procedures
•Must have DU and LP experience
•Must also be able to type, use the 10 key and know Microsoft Office products
•Computer skills, including familiarity with Encompass, Calyx Point, Excel and all Microsoft Office products required
•Experience in processing loans, familiarity with DU and LP systems, and certain lenders is also required
•Basic understanding of financial information and disclosures required for all loans offered
•Proficient with word processing and some exposure to spreadsheet programs using personal computer as well as understanding of mainframe computer and loan document programs and the integration of such
•Ability to meet bonding requirements for employment purposes
•Ability to effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven