Loan Processor

Permanent hire, full time.

Lafayette, CA

Introduction

Our client is looking for a Loan Processor who is prepared to make a difference in the lives of customers looking to buy a home. The team is seeking an established Loan Processor to grow their business and brand. The Loan Processor will be responsible for discussing client’s needs, recommending the best loan products, helping customers put together a complete loan package and working with the underwriting team throughout the loan process. The highlights of this position are flexible and aggressive compensation.

responsibilities

  • The Loan Processor prepares and submits complete/pre-qualified loan files to underwriting department, subject to Investor/AUS requirements

  • Calls and obtains conditions from borrowers, realtors and escrow services

  • Up to date on all guidelines, procedures, and program changes that impact the processing and origination of mortgage loan transactions

  • Reviews all closing statements and is able to balance and correct discrepancies prior to loan consummation

  • Needs effective communication skills in a fast paced environment

  • Strong attention to detail and accuracy while delivering a professional and friendly service

  • Proficient in DU/DO, LP, & major origination systems

  • Must have excellent verbal and written communications skills and a "team first" approach to business

requirements

  • Knowledge of Microsoft Office programs to include Microsoft Word, Excel and Outlook

  • Ability to quickly create initial disclosure packets to deliver clients within 4 hours of LO delivering a new file

  • Need to have experience putting together initial loan disclosures

  • Maintain timeline for all files to assure deadlines are met

  • Keep pipeline up to date which requires multiple updates throughout the work day

  • Excellent verbal and written communication skills

  • Professional, friendly, and sensitive personality to deliver a smooth service

  • Ability to work very quickly and efficiently

  • Order appraisals, EOI's, open title/escrow, analyze approvals, request conditions, prepare file for funding

  • Accurately analyze all types of income (rental, W2, self-employment) to assure debt to income ratios are accurate before sending out disclosures

  • Ability to read tax returns (i.e. effect of unreimbursed expenses, Schedule E, etc. on DTI ratio)