Mortgage Loan Partner II

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

📋 Description

• Act as the main point of contact and liaison between clients and the Branch Manager/Loan Originator.

• Function as the primary operational collaborator for a dedicated Loan Originator, assisting in managing the business from application through to closing.

• Utilize in-depth knowledge of VA lending guidelines to structure and facilitate VA loan transactions.

• Review, structure, and submit comprehensive loan applications, assessing income, assets, credit, and cash flow to prepare high-quality preapprovals.

• As a member of the sales team, this role involves requesting and obtaining referrals from all WMC clients, both current and prospective, as well as from sales partners.

• Collaborate closely with the Loan Originator and Loan Processor to proactively oversee the loan pipeline from application to closing, ensuring that milestones and deadlines are consistently met.

• Responsible for submitting complete loan applications for every customer file.

• Prepare precise preapprovals, quote interest rates, and lock loans in accordance with company guidelines.

• Monitor all requested documents within Encompass.

• Review received documentation within 24 hours to identify discrepancies, missing data, verify income calculations, asset verification, and update Encompass based on confirmed information.

• Respond promptly to customer inquiries and other related parties regarding transactions as needed.

• Execute Automated Underwriting (DU/LP), analyze findings, identify necessary documentation, and ensure that loan data accurately reflects underwriting results.

• Order Title Commitments, Appraisal, and Flood Insurance for the file.

• Ensure compliance with deadline dates on loan contracts and rate lock expiration dates.

• Confirm that files are complete and organized according to WMC policies and procedures.

• Manage the entire pipeline for a dedicated Loan Originator, ensuring an outstanding borrower experience from application through to closing.

• Review approved mortgage loans to identify conditions that must be satisfied prior to closing.

⛳️ Requirements

• A high school diploma or a general education degree (GED) is mandatory.

• A minimum of four years of experience in a Loan Partner, Loan Processing, or Mortgage Underwriting role is preferred.

• Prior experience with VA home loans is essential.

• Experience in reviewing and structuring loan files, preparing preapprovals, and managing loans from application through closing is highly preferred.

• Proficient knowledge of Microsoft Office is required.

• Previous experience with the Encompass LOS system or other mortgage processing software is necessary.

• A federal registration through the Nationwide Mortgage Licensing System (NMLS) is required.

🏝️ Benefits

• Health insurance

• Flexible work arrangements