42 Processor Jobs in Denver, CO
PLACE is Hiring a Processor Near Denver, CO
Duties and ResponsibilitiesThe primary job duties and responsibilities of this position include but are not limited to:
- Review mortgage loan application for accuracy and ensure LOS is updated appropriately
- Prepare loan disclosures according to TRID regulations
- May work directly with borrowers to answer questions, understand their needs, and help guide them through the loan process. Compile the required documentation pertaining to income, assets, liabilities, employment, and other areas
- Confirm loan application information by ordering all verification documents
- Coordinate all third-party services such as survey, appraisal, title, homeowner's insurance, etc.
- Review all loan and verification documents for accuracy and update information in LOS
- Calculate Income for all borrowers on loan application
- Validate loan in automated underwriting systems (DU, LP or GUS)
- Submit the loan file to underwriting
- Review loan approval and ensure all tasks are completed and loan is on target to meet expected closing date
- Proactive communication of loan status or updates to the Borrower(s), Loan Originator or Loan Originator Assistant and Third Parties
- Effectively provide professional internal and external communication whether written or verbal
- Continues to stay abreast of underwriting and compliance guidelines
- A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
- Collaborate with title, valuation, underwriting, closing, technology, and other support groups
- Prepare mortgage loan commitment letter and denial letter if applicable
- Submit all approved mortgage loan files to closing
- Update various systems of record with critical loan information
- Review and manage all loans in active pipeline
- Additional duties and/or projects as assigned
- Unlicensed associates who have borrower contact cannot quote rates, offer or negotiate the terms of a mortgage loan, take a mortgage application, or engage in any other activities that require a mortgage loan originator license.
- 5 (five) years related experience as a processor, underwriter or equivalent
- High School Diploma or Equivalent required
- Thorough working knowledge of real estate documentation, underwriting policies, compliance, and procedures
- High level of proficiency with mortgage loan processing and underwriting systems
- Commitment to excellence and high standards
- Excellent written and oral communication skills
- Strong organizational, problem-solving, multi-tasking and analytical skills
- Ability to work independently and handle multiple priorities under stringent timelines
- Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
- Acute attention to detail
- Proficient on Desktop Underwriting, Loan Prospector and GUS
- Experience in Encompass and Engen is preferred
- Strong PC skill with experience in MS Office
- Excellent customer service skills
- Proven ability to handle multiple loans and meet closing dates
- Good judgment with the ability to make timely and sound decisions
- Demonstrated ability to pre-underwrite a loan file
- Ability to effectively communicate with people at all levels and from various backgrounds
- The employee must occasionally lift and/or move up to 25 pounds
- Specific vision abilities required by this job include close vision
- While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel; reach with hands and arms; and talk or hear
- The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch or crawl
- Full-time
- Part-time
- Regular Pay*: $20 - $25.00/hour
Supplemental Pay:
- Commission Pay
- Bonus Pay
- Health Insurance
- Paid Time Off (PTO)
- Paid Holidays
- 401(k)
Job Summary
Full Time
Restaurants & Catering Services
$48k-63k (estimate)
06/23/2024
07/17/2024
coopsplace.net
NEW ORLEANS, LA
50 - 100
Private
JEFFREY H COOPERMAN
$10M - $50M
Restaurants & Catering Services
Related Companies
If you are interested in becoming a Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Processor job description and responsibilities
Loan processors are highly organized and have an excellent eye for detail.
01/25/2022: Twin Falls, ID
Loan processor arranges a home appraisal to ensure the requested mortgage amount matches up to the home’s appraised value.
01/29/2022: Cincinnati, OH
Processors deals with the credits, loans, mortgages, and much more.
02/08/2022: Bellingham, WA
Mortgage processor should be familiar with loan processing guidelines and paperwork.
02/25/2022: Pittsfield, MA
Loan processors should give full attention to their job, being absolutely careful about detail.
04/04/2022: Saint Louis, MO
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Processor jobs
Some loan processors can work from a home office, as long as they are available to clients during the process.
02/20/2022: Philadelphia, PA
A good experienced seasoned mortgage processor will not submit a file to underwriting without a complete clean package and no missing documents.
03/15/2022: Youngstown, OH
Before loan processors can understand written statements and documents, they need reading skills.
04/12/2022: Biloxi, MS
Pay attention to how quickly settlement occurs.
04/07/2022: Shreveport, LA
Works with multiple currencies.
03/21/2022: Chillicothe, OH
Step 3: View the best colleges and universities for Processor.
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