Loan Processor
Page Mechanical Group, Inc., New York, NY, United States
Position Overview
Reporting to the Processing Manager, this position will ensure the timely and accurate packaging of all loans originated, preparing the application for submittal to underwriting taking the file from pre-approval to closing. The role is responsible for collecting, verifying and uploading loan information into the Loan Origination System (LOS). The position will prepare loan files for review and analyze loan documentation for accuracy and completeness.
The role partners with loan officers, underwriters, cross-functional teams and departments to address conditions, resolve discrepancies to meet critical timelines. This position ensures compliance with regulatory requirements, company policies and investor guidelines to support the successful funding and closing of loans.
Core Functions and Responsibilities
Review and verify loan application details for accuracy and completeness ensuring compliance with company policies and regulatory requirements
Collect, organize and analyze supporting documentation including income, asset liability and credit information
Prepare and submit complete loan files to the underwriting team ensuring all necessary conditions and documentation are provided
Collaborate with internal and external stakeholders to address and obtain additional information required by underwriting
Partner with loan officers and underwriters to address inquiries, resolve conditions and discrepancies during the loan review process
Monitor the status of loans to ensure processing and closing timelines are met
Provide status reports on each mortgage indicating process to the loan officers
Establish and maintain accurate records updating files and databases for internal reporting
Send and initiate follow up requests on verifications to employers, banks, and creditors
Maintain accurate and organized records of loan files in accordance with company and regulatory standards
Perform other duties and responsibilities as assigned
Qualifications
High School diploma or GED preferred
2+ years' experience in loan processing in the mortgage industry
1+ years' experience in customer service
Proven experience processing business purpose loans preferred
Strong understanding of GFE, TIL and RESPA rules
Prior experience working in a fast-paced, high-volume work environment preferred
Solid skills and experience in MS Word, Excel and Outlook
Skills and Abilities
Strong verbal and written communication skills
Strong interpersonal skills
Strong analytical skillsSolid decision-making abilities coupled with sound judgment
Strong time management skills
Ability to prioritize numerous tasks and manage shifting priorities
Client focused with strong execution skills and results orientation
High-level of precision with attention to detail and consistency
Flexible, open to change, ability to learn new things quickly
Ability to work in a collaborative environment and provide guidance for working groups
Compensation and Benefits Hiring Range:
$22.00–$28.00 per hour
Compensation within this range may vary based on each candidate's job-related expertise, skills, and experience. Final offers are determined individually, reflecting the unique qualifications of each candidate.
Benefits Include:
Paid Time Off (PTO)
Floating Holiday
Paid Parental Leave
Medical
Dental
Vision
Life & Disability
FSA/HSA
Fidelity 401(k) with employer match
Location : Remote
#J-18808-Ljbffr
The role partners with loan officers, underwriters, cross-functional teams and departments to address conditions, resolve discrepancies to meet critical timelines. This position ensures compliance with regulatory requirements, company policies and investor guidelines to support the successful funding and closing of loans.
Core Functions and Responsibilities
Review and verify loan application details for accuracy and completeness ensuring compliance with company policies and regulatory requirements
Collect, organize and analyze supporting documentation including income, asset liability and credit information
Prepare and submit complete loan files to the underwriting team ensuring all necessary conditions and documentation are provided
Collaborate with internal and external stakeholders to address and obtain additional information required by underwriting
Partner with loan officers and underwriters to address inquiries, resolve conditions and discrepancies during the loan review process
Monitor the status of loans to ensure processing and closing timelines are met
Provide status reports on each mortgage indicating process to the loan officers
Establish and maintain accurate records updating files and databases for internal reporting
Send and initiate follow up requests on verifications to employers, banks, and creditors
Maintain accurate and organized records of loan files in accordance with company and regulatory standards
Perform other duties and responsibilities as assigned
Qualifications
High School diploma or GED preferred
2+ years' experience in loan processing in the mortgage industry
1+ years' experience in customer service
Proven experience processing business purpose loans preferred
Strong understanding of GFE, TIL and RESPA rules
Prior experience working in a fast-paced, high-volume work environment preferred
Solid skills and experience in MS Word, Excel and Outlook
Skills and Abilities
Strong verbal and written communication skills
Strong interpersonal skills
Strong analytical skillsSolid decision-making abilities coupled with sound judgment
Strong time management skills
Ability to prioritize numerous tasks and manage shifting priorities
Client focused with strong execution skills and results orientation
High-level of precision with attention to detail and consistency
Flexible, open to change, ability to learn new things quickly
Ability to work in a collaborative environment and provide guidance for working groups
Compensation and Benefits Hiring Range:
$22.00–$28.00 per hour
Compensation within this range may vary based on each candidate's job-related expertise, skills, and experience. Final offers are determined individually, reflecting the unique qualifications of each candidate.
Benefits Include:
Paid Time Off (PTO)
Floating Holiday
Paid Parental Leave
Medical
Dental
Vision
Life & Disability
FSA/HSA
Fidelity 401(k) with employer match
Location : Remote
#J-18808-Ljbffr