The loan processor is responsible to analyze and prepare applications to validate that all loans have necessary documentation, correct data, and complete accuracy for dispositions by the underwriting department.
Assemble loan package and take each file from pre-approval to closing
Obtain missing documents and verify document accuracy by communicating directly with the loan officer and any 3rd parties involved in the transaction.
Work on conditions for loans that come out of underwriting.
Maintain an active pipeline of 50 loans and meet closing date.
Education & Qualifications
High school diploma or equivalent
Minimum of 2 years of processing government and agency mortgage loans. Experience within a retail mortgage branch is preferred
General knowledge of bank products and processes
Experience in Fannie Mae, Freddie Mac, VA, FHA, and USDA Loan Programs
Knowledge of Encompass LOS and MS Office Suite is preferred