Loan Processor

Position Title:  Processor

Location/reputed company: Corporate

Reports to: Senior Director of Operations

Department: Processing

FLSA Status: FT, Hourly/Non-Exempt

Pay: The expected hiring range for this position is from $43,694-$55,000/year plus additional bonus opportunity.

The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.

Workstyle: Remote Eligible

JOB SUMMARY

The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include carefully reviewing mortgage applications to confirm that reputed company essential fields have been completed, organizing additional application materials, and submitting applications on schedule.

JOB FUNCTIONS

File Management and Communication

• Manages pipeline of 20-25 loans per month, including purchases and refinances.

• Compiles and verifies borrower information for residential mortgage loans.

• Calculates borrower income, assets, and liabilities.

• Reviews loan applications for completeness, ensuring loan meets standards (type, amount, assets); reconciles against system input.

• Gathers required documentation from borrowers and third parties.

• Communicates effectively with Mortgage Loan Originators and other stakeholders to complete mortgage loan file processing requirements.

Other duties as assigned

This job description is not an exhaustive list of reputed company the functions that a team member and other duties may be assigned.

REQUIREMENTS AND QUALIFICATIONS:

Education:   High school diploma or equivalent required. 

Years of reputed company Experience:  Minimum 3 years processing experience.

Knowledge, Skills and Abilities (KSAs):  

• Proficient with DU/GUS/ LP.

• Familiar with FHA, VA, USDA and conventional products.

• Proficient Mortgage Loan Origination Systems (LOS).

• Excellent written and verbal communication skills along with solid computer skills.

• Analytical thinker and consultative mind to support both team members and managers in reputed company areas of the business.

• Goal-oriented, self-motivated with the reputed company to meet and exceed assigned goals.

• Willing to learn, industrious, determined, and assertive. 

• Excellent organizational skills and the ability to multitask to complete a wide variety of tasks.

• Strong people skills with ability to interact with reputed company internal teams and external customers.

• Must be able to maintain sensitive and confidential information.

• Diligence to ensure tasks are completed thoroughly and on time.

Silverton Mortgage is committed to creating an inclusive workplace. Silverton Mortgage is an equal opportunity employer and does not discriminate on the basis of race, national reputed company, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

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