Mortgage Loan Processor III

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

📋 Description

• Assume responsibility for intricate residential loan files from the contract stage through to closing.

• Oversee the complete processing lifecycle in accordance with investor and regulatory standards.

• Collaborate with Loan Originators, team members, Underwriters, and Closers to identify and address issues.

• Review new loan files within 24–48 hours and confirm compliance disclosures.

• Calculate and analyze borrower income, verify assets, and update Encompass accordingly.

• Order and monitor documentation necessary for Automated Underwriting findings and product specifications.

• Prepare files for underwriting submission utilizing investor-specific checklists.

• Resolve approval and suspense conditions in a prompt manner.

• Gather and evaluate closing documentation, such as title commitments and homeowner’s insurance.

• Process loans to adhere to contract deadlines and rate lock expiration dates.

• Deliver complete files to the Closing Department within the defined timelines.

• Address borrower and third-party inquiries throughout the transaction process.

• Assist with post-closing investor exceptions.

• Stay informed about state mortgage lending laws and regulatory guidelines.

• Order FHA and VA case numbers using government systems and operate GU.

• Provide cross-functional support while continuously enhancing customer service and industry knowledge.

⛳️ Requirements

• High school diploma or General Education Degree (GED) is mandatory.

• At least 10+ years of experience in processing residential mortgage loans is required.

• Familiarity with conventional fixed-rate and ARM products, HELOCs, and construction loans is essential.

• Significant experience in processing FHA, VA, and USDA loans is required.

• Demonstrated experience working with multiple investors and diverse investor guidelines.

• Proficiency in using a mortgage loan origination system is necessary.

• Experience with Encompass is preferred.

• Strong organizational abilities and meticulous attention to detail are essential.

• Capability to calculate and analyze income for hourly, salaried, commissioned, and self-employed borrowers.

• Understanding of Automated Underwriting findings and product requirements.

• Knowledge of current state mortgage lending laws and regulatory requirements is crucial.

• Familiarity with real estate compliance guidelines is necessary.

• Excellent customer service skills and professional communication abilities are required.

• Must refrain from engaging in loan origination while employed with WMC.

🏝️ Benefits

• Primarily remote work arrangement.

• Local collaboration and business support associated with the Scottsdale, Arizona branch.

• Equal employment opportunity protections for protected veterans and individuals with disabilities.