Reverse Loan Processor III

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

📋 Description

• Process and pre-underwrite conventional, FHA, VA, and Bond mortgage loans.

• Ensure adherence to Company policies, secondary-market investor standards, government agency regulations, as well as federal, state, and local requirements.

• Meet production and quality benchmarks.

• Act as a liaison among loan officers, borrowers, underwriters, and funding departments.

• Prepare and review loan files to ensure completeness and compliance before submission.

• Monitor the loan processing cycle time and address issues that could postpone closing.

• Serve as a subject-matter expert or lead in the absence of the Supervisor/Lead.

• Analyze loan-to-value ratios, debt-to-income ratios, credit reports, applications, income, assets, down-payment sources, and supporting documentation.

• Order and review third-party documentation, including credit checks, title reports, appraisals, tax returns, and employment/asset verifications.

• Verify ratios and validate AUS findings and program suitability.

• Review the integrity of documentation and submit loan files to underwriting.

• Identify qualifying and program-related issues and restructure loans as necessary.

• Provide program options and recommendations in line with guidelines.

• Update and verify data within systems.

• Obtain and confirm clearance of underwriting conditions and prepare files for closing.

• Order the generation of loan documents.

• Mentor and guide less experienced Processors.

• Draft professional correspondence and emails utilizing templates.

• Provide status updates to Loan Officers and borrowers.

⛳️ Requirements

• High school diploma or equivalent is required.

• A minimum of five years of recent experience as a Loan Processor.

• At least two years of experience processing VA and Bond mortgage loans.

• Experience with processing conventional and FHA loans is preferred.

• Expert knowledge of internal mortgage lending processes and controls.

• In-depth understanding of federal, state, and regulatory requirements and guidelines for consumer mortgage lending.

• Expert knowledge of conventional, FHA, VA, and Bond mortgage loans and associated program/investor guidelines.

• Proficient in new construction documentation and condominium projects.

• Extensive knowledge of documentation required for consumer mortgage applications.

• Strong ability to cultivate relationships with both internal and external partners.

• Excellent judgment and critical-thinking skills.

• Ability to manage multiple tasks in a deadline-driven environment.

• Exceptional customer service, interpersonal, verbal, and written communication skills.

• Intermediate level of math skills.

• High attention to detail and strong organizational skills.

• Experience with internal data-entry systems, Microsoft Word, Excel, and PDF/Document Retention programs.

• Proficient in Microsoft Office Suite, including Word, Excel, Wiki, collaborative cloud-based tools, and third-party software applications.

• Commitment to the company's values.

• Capability to perform sedentary office work and engage in frequent computer keyboard/mouse use.

• Ability to accurately interpret visual and audio information.

🏝️ Benefits

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• AD&D insurance.

• LTD insurance.

• 401(k) with employer match.

• Eligibility for incentive compensation.

• A pleasant working environment.

• Competitive compensation.

• Reasonable accommodations for eligible applicants/employees.