Loan Processor

Job Number:

00004NVP

Location:

Medford, OR 97504

Description

Local Mortgage Lender seeking qualified/experienced Loan Processor. Temp to hire with benefits after probation.
Duties include:
  • File to be reviewed within 24-48 hours of notification
    • Review file for completeness ? review credit, income, and assets
    • Calculate Income - does income match LO/LOA income-complete worksheet ? make corrections as needed, but communicate with LO to see why different
    • Review credit report ? student loan payments, current mtg ratings, any unpaid collections / judgements, disputed accounts
    • Check names on bank statements, any large deposits, 30 day statements, adequate funds to close, copy of EM check
    • Analyze tax returns ? review for Schedule C, Schedule E, 2106 expense, etc.
    • Make sure documentation in Blitz / submission meets loan program requirements. W2 transcripts vs. full transcripts, etc.

  • Split all documentation in Blitz and put in the correct buckets
    • Follow Blitz Document matrix when splitting documentation into Blitz buckets and label correctly
    • Make sure all upfront disclosures, LE, I consent, etc. are in Blitz

  • Review MyKey for input accuracy
    • 2 yrs address history
    • 2 yrs employment history
    • All tracking screens completed accurately ? escrow/title license numbers, real estate agent license numbers, seller, etc.
    • Double check Fee screen ? fees input accurately, borrower selected provider boxes marked accurately, impounds input accurately
    • Closing/Signing/Contract dates input accurately ? update as necessary if timelines change
    • Request Legal Description in MyKey once title report is uploaded to Blitz
    • Compare property address to flood cert, USPS, Sales Contract, Title Report and Appraisal
    • Re-run loan through AUS system to obtain accurate findings, if applicable

  • Processor to reach out to client with a list within 48 hrs by phone and email
    • Assign order outs to Processing Assistant
    • Make comments in MyKey

  • Submit files to underwriting in a timely fashion to meet closing deadlines
    • Review underwriting approval in its entirety when received, including all Funding and Informational Conditions
    • Communicate with LO/LOA once approval is received
    • Processor to reach out to borrower for borrower conditions
    • LO to reach out to realtor for property conditions

  • Prioritize work flow to ensure time sensitive files are handled in proper order
    • Maintain a pipeline report to keep track of your closings
    • Utilize your Loan Tracking and TRID milestones pages in MyKey
    • Keep LE/CD Control Screen up-to-date
    • Maintain accurate signing / closing dates in MyKey

  • Re-disclose files
    • Once notified by LO/LOA, processor will re-disclose within 3 days
    • Monitor that loan stays in tolerance or will notify LO/LOA if loan goes out of tolerance and subsidy is needed
    • Confirm loan is in tolerance prior to requesting CD or loan documents

  • Prepare file for CD Prep
    • Request final figures from escrow officer
    • Complete CD Prep checklist
    • Ensure that correct signing/closing dates are in MyKey

  • Request loan documents
    • Check Doc Edits prior to requesting documents
    • Confirm all fees are accurate
    • All documents that need to be signed are in the Borrower to Sign Bucket
    • Confirm there is adequate ins coverage ? review the property ins guidelines for the loan program
    • Confirm PTN verbal verifications of employment are current
    • Double check pre-close credit expiration dates

  • Review the Pre-Funding list / Conditions Log each day

Job Requirements

Education Required: High School
Experience Required: Entry Level
Last updated on 03/04/2020

Additional Information

Pay Rate:

16.00 - 23.00

Schedule:

Mon-Fri
Full+Time Hrs/Week

 

Are you interested in this position? Please complete our On-Line Application. Please note that your application will remain on file for 90 days for consideration for any of our open positions that match your qualifications.

If you have completed our on-line application in the last 90 days you can send a letter of interest to the recruiter hiring for this position at colleen.landis@personnelsource.com. Please include a copy of your resume with your email or application.

Personnel Source, Inc. is an equal opportunity employer.