Mortgage Loan Processor – Construction and Renovation

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

📋 Description

• Evaluate loan applications for precision and completeness.

• Gather, authenticate, and assess supporting documents, such as income, assets, credit, title, and appraisal.

• Present comprehensive loan files to underwriting within designated timeframes.

• Confirm that all conditions are fulfilled prior to closing.

• Serve as the main contact for Loan Officers, borrowers, and third-party vendors throughout the processing phase.

• Offer clear and timely updates on loan status to stakeholders.

• Collaborate with underwriters, closers, and other team members to address and resolve issues.

• Ensure compliance with federal, state, and investor regulations as well as company policies.

• Keep precise records in the loan origination system.

• Recognize and escalate possible risks or concerns during the loan review process.

• Provide exceptional service to both internal and external clients.

• Assist borrowers in understanding document requirements and address processing-related inquiries.

⛳️ Requirements

• Demonstrated experience as a mortgage loan processor or in a comparable position.

• Strong knowledge of mortgage products, underwriting protocols, and compliance standards.

• Outstanding interpersonal and communication abilities, including phone interactions.

• Remarkable operational adaptability in a dynamic, fast-paced lending landscape.

• Detail-oriented with robust problem-solving and organizational skills.

• Proficient in mortgage processing systems and Microsoft Office.

• Experience in managing construction and renovation lending documentation, compliance, and timelines.

• Understanding of ground-up new construction financing.

• Familiarity with Agency One-Time Close (OTC) loan programs.

• Knowledge of FHA 203(k) and Fannie Mae HomeStyle® Renovation loans.

• Bachelor’s degree in business, finance, or a related field is preferred (not mandatory).

🏝️ Benefits

• Competitive salary based on skills and experience.

• Comprehensive benefits package, including health, pre-tax HSA, FSA accounts, and dental & vision coverage.

• Life and AD&D Insurance, along with additional voluntary benefit options.

• 401K with an attractive company matching program.

• Flexible Paid Time Off (PTO) policy.

• Earned Sick & Safe Time (ESST).

• Eligibility for full-time benefits.

• Opportunity to contribute to the Midwest’s fastest-growing lender.