Loan Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Evaluate and assess borrowers’ credit history, employment status, income, and assets prior to the underwriting submission.

• Compile comprehensive loan packages in the correct order for underwriting.

• Ensure the accuracy and completeness of documentation along with processing checklists.

• Create loan approval summaries, Forms 1008 and 1003, and verify the information within loan documents.

• Liaise with Loan Originators, customers, and Underwriters to gather necessary documentation.

• Review loans for compliance with mortgage regulations and prepare required disclosures.

• Acquire third-party documents such as surveys, flood certifications, title commitments, payoff information, and additional items.

• Confirm vendor orders, invoices, and documentation within the loan file.

• Oversee the assigned loan pipeline, completing activities and reporting within established turnaround times.

• Assist with loan setup, closing, secondary marketing, loan servicing, and other documentation needs within the department.

• Record significant communications related to loan applications in the loan origination system.

• Take ownership of assigned loans from contract to closing, including monitoring status, outstanding items, deadlines, and next steps.

• Proactively relay milestones, loan status updates, concerns, and outstanding items to borrowers, Loan Originators, and referral partners.

• Identify, address, and escalate any issues related to documentation, underwriting, timelines, or closing processes.

• Track contractual closing dates and milestones to ensure accurate and timely closings.

• Work flexible hours and overtime as necessary based on business requirements.

• Carry out additional duties as required.

⛳️ Requirements

• High School Diploma or equivalent.

• Over 5 years of experience in residential mortgage processing.

• Proficient in Encompass.

• Familiarity with RESPA regulations and knowledge of mortgage and consumer lending regulations and loan documentation is preferred.

• Understanding of DU, LP, Microsoft Office, and Windows.

• Strong math and analytical abilities.

• Outstanding communication skills.

• Excellent prioritization and time management capabilities.

• Strong organizational skills and attention to detail.

• Ability to work effectively both independently and collaboratively within a team setting.

• Primarily operates during Pacific Time zone working hours.

• Willingness to work flexible hours and overtime as necessary based on business needs.

🏝️ Benefits

• Competitive compensation package.

• Medical insurance.

• Dental insurance.

• Vision insurance.

• 401K.

• Company-sponsored short-term disability.

• Employee assistance program.

• Wellness program.

• Comprehensive benefits package.

• Commitment to equal employment opportunity and diversity and inclusion.