Colorado Springs, CO
Base + Commission
Summary: Remote Bi-Lingual (Spanish) Mortgage Loan processor with 2+ yrs of processing experience. Must have experience with Encompass and government loans (VA/FHA). processors in this office typically handle 20-25 loans in their monthly pipeline and close 15 loans a month. The office is heavy purchase business, low Refi- they want a processor who has worked at least 75% Purchase business. Seeking somebody with client interaction experience and high energy.
Perform a thorough review and analysis of borrower’s credit, employment, income and assets as required by the particular loan program before submitting to underwriting.
Assemble the complete loan package in proper order for underwriting:
Verify all required documentation (pre-underwrite) in the file;
Complete the required loan checklist;
Verify that an application is complete and accurate; and Identify any potential issues that may arise in underwriting. Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on those documents.
Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation required to qualify for the loan.
Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures.
Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.
Verify that vendor orders are complete, invoices received, and in the applicant’s Efile.
Manage pipeline by completing and submitting reports within allotted turn-around times. Assist set-up of loans. Document all communication related to the loan application in the conversation log.
Train and help supervise new loan processors and other processing personnel.
Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items
High School Diploma or equivalent.
A minimum of 3 years of current residential mortgage processing experience.
Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents preferred.
Strong math and analytical skills.
Excellent written and verbal communication skills.
Ability to prioritize and meet deadlines.
Available to work varying hours and overtime if needed.
Encompass experience required.
Computer Knowledge (DU, LP, Microsoft Office & Windows).
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