What are the responsibilities and job description for the Senior Loan Processor position at American Bancshares Mortgage?
Position Overview
Now Hiring!: Senior Loan ProcessorFull-timeCorporate Headquarters Location: Miami Lakes, FL
Compensation: Based on Qualifications
Benefits & Perks:
- 401k
- Health, Dental, and Vision Insurance
- Company-provided short-term disability insurance
- Employee Assistance Program
- Wellness Program
American Bancshares Mortgage (ABSM) is seeking a diligent and motivated Senior Loan Processor to join the team. The ideal candidate will possess excellent organization and communication skills and a value of providing superior customer service to internal and external customers. The Senior Loan Processor may be involved in one or several types of mortgage lending to include Conventional, FHA, VA, USDA, Jumbo, and Bond loan programsetc.
Job Duties:
- Serve as subject matter expert (SME) regarding ABSM’s policies, procedures, products, promotions, and technology.
- Follow all Service Level Agreements (SLA’s) set forth by Management.
- Processors will retrieve, assign, and review all docs within the Encompass eFolder buckets.
- Successfully manage and maintain a multi-state pipeline of loans.
- Conduct daily review and follow-up with customers and vendors regarding outstanding items; gather necessary documentation as needed.
- Communicate with Management if unable to achieve a timeline or to resolve an error.
- Escalate any fraud files to Risk Management Leadership Team.
- Manage key dates, for example, lock expiration, contingency date, contract date, credit doc expiration, ECOA, MDIA and other compliance related dates.
- Perform data entry to update all internal systems, while maintaining a detailed timeline regarding all communication and actions that affect the loan in accordance with company requirements.
- Maintain contact with customer, Sales Team (including Branch Manager, Loan Officer, and Loan Officer Assistants) to provide status updates on weekly basis and as needed to move milestones in required turn times.
- Review title reports, payoffs, appraisals, income documents, hazard insurance, and all supporting conditions for required standard compliance prior to underwriter submission.
- Analysis and evaluate loan application and documents.
- Complete all required ABSMU continuing education courses on time.
- Follow procedures set for by Management regarding closing disclosure procedures.
- Performs other related duties as assigned.
Minimum Qualifications:
- Encompass LOS experience is required.
- At least five (5) years of recent Retail Lending processing experience and have extensive knowledge of Conventional, FHA, VA, USDA, Jumbo, and Bond loan programs.
- Experience with DU, DO, LP and GUS systems
- Working knowledge of various fraud tools (DataVerify, LoanSafe Fraud Manager, etc.).
- Ability to work in a fast paced, fluid environment and be held to minimum production standards.
- High integrity and outstanding work ethic required.
Who We Are: https://myabsm.com/
For more than 25 years, we have assisted our communities, empowered our partners, and expanded our company footprint across the nation. We are a full-service mortgage lender, created by industry experts who understand the ever-changing mortgage financing industry. Unlike a bank, we only focus on mortgage products. With years of combined experience our loan specialists are wise, patient, and eager to assist our clients. It is our unique company culture, expertly trained staff and years of industry experience that sets us apart from the rest. Having an intricate knowledge of our industry we take pride in the ability to offer our clients professional and ethical advice they seek, and most importantly the dedication to helping them find the best financing options. Servicing our community is driven by our core values of commitment, integrity, and transparency. Our in-depth knowledge is what enables us to efficiently adapt to industry change, while consistently providing our clients with a best-in-class customer service and a tailored mortgage experience.
This list of functions, duties, responsibilities, and skills is not intended to be all-inclusive, and the employer reserves the right to assign additional duties and responsibilities as necessary. American Bancshares Mortgage participates in the federal government’s E-Verify program, which confirms employment authorization of all newly hired employees and most existing employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. For all new hires, the E-Verify process is completed in conjunction with the Form I-9 Employment Eligibility Verification on or before the first day of work. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to www.uscis.gov and click on 'E-Verify' located near the bottom of the page.
