What are the responsibilities and job description for the Loan Processor - Michigan position at Better?
Better is reimagining home finance and making it faster, cheaper, and easier for everyone to become a homeowner. We leverage creative technology and innovation to make the home buying journey more approachable and understandable and home finance more affordable and accessible. Here are some interesting facts to help you get to know Better:
A Better Opportunity
Better.com is looking for a Mortgage Loan Processor (internal title of Coordinator) to assist with processing FNMA, FHLMC, FHA, VA, HELOC, HELOAN and Jumbo Loans. Coordinators are flawless organizers. They can anticipate when sub-processes related to Borrower or Property eligibility are going to delay a loan and take appropriate, proactive action to prevent a loan from falling behind. They support the Customer in providing a world class customer experience by supplying critical information at the right time.
Responsibilities
Base salary variable commission plan. Annual on target earnings are between $85,000-105,000.
Company Benefits
Our total rewards package consists of a base salary, incentive compensation, and benefits. Some of our benefits include:
Better Home & Finance Holding Company is an equal opportunity employer committed to fostering an inclusive and diverse environment for our employees. We are committed to equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status, or any other reason protected by law.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. Better will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
- We’ve funded over $100 billion in loans for our customers, more than any other fintech
- We ranked #1 in the U.S. on LinkedIn's Top Startups 2020 and 2021
- We are Forbes’ Best Online Mortgage Lender for 2023
- We are USA Today’s Best Mortgage Lenders of 2023, Best for FHA Loans
- We have raised over $1.2 billion in equity capital to transform the mortgage industry, the largest financial asset class in the world
- And we’re just getting started!
A Better Opportunity
Better.com is looking for a Mortgage Loan Processor (internal title of Coordinator) to assist with processing FNMA, FHLMC, FHA, VA, HELOC, HELOAN and Jumbo Loans. Coordinators are flawless organizers. They can anticipate when sub-processes related to Borrower or Property eligibility are going to delay a loan and take appropriate, proactive action to prevent a loan from falling behind. They support the Customer in providing a world class customer experience by supplying critical information at the right time.
Responsibilities
- Communicating directly with customers and various third parties to ensure an efficient and positive experience.
- Proactively managing a pipeline in a timely, accurate and efficient manner, ensuring promptness in communicating with stakeholders and borrowers.
- Guiding borrowers from the point of underwriting decision to funding.
- Understanding loan applications, Automated Underwriting Systems (DU/LPA), Credit, Income, and Asset documents.
- Navigating Suspense decisions and proposing resolutions to the customer.
- Adequately preparing loans for Final Underwriting Review.
- Escalating internal & third-party delays.
- Communicating with customers regarding required documentation, Loan Estimates, Changes of Circumstance, and Closing Disclosures in compliance with mortgage guidelines.
- Identifying ways in which we can improve borrower experience.
- Located in Troy, Michigan area
- 3 years of mortgage processing experience
- Experience processing FNMA, FHLMC, FHA, VA, HELOC, HELOANand Jumbo mortgages
- Knowledge of agency conventional underwriting product guidelines
- Proven ability to effectively manage a high-volume pipeline of files and customers
- Ability to troubleshoot and solve problems independently.
- Organized and capable of multitasking
- Detail oriented and technically savvy
- Capable of performing and explaining financial calculations with a strong understanding of how they impact mortgage qualifications
- Approaches challenges with a relentless mindset- no one here gives up. We try, we fail, we try again.
- Ability to maintain composure in a fast-paced environment
- Strong communication, organization, and time management skills
- Approaches work with empathy, humility and accountability
Base salary variable commission plan. Annual on target earnings are between $85,000-105,000.
Company Benefits
Our total rewards package consists of a base salary, incentive compensation, and benefits. Some of our benefits include:
- Comprehensive healthcare, retirement, and voluntary benefits. Think medical, dental, vision, health savings accounts, 401k, and more
- Personalized care and tools for realizing your mental health and wellness goals
- Additional benefit perks & discounts
Better Home & Finance Holding Company is an equal opportunity employer committed to fostering an inclusive and diverse environment for our employees. We are committed to equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status, or any other reason protected by law.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. Better will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Salary : $85,000 - $105,000
