Junior Loan Processor

Company : Pride Lending

Position Title : Junior Loan Processor

Location : WEX in office ,Remote work during OJT

Hours : Full Time

Pay : $15-20, with bonus per filing after probationary period

Account Manager : Jennifer Sosa

Reports To : Michael Barber (Loan Processing Manager), Senior Processor, and Loan Officer (LO)

Position Overview :

Pride Lending is seeking a highly organized and tech-savvy Junior Loan Processor to support our Loan Officers and Senior Processors in managing loan files from origination to closing. This entry-level role is perfect for someone with an interest in loan processing or mortgage lending who thrives in a fast-paced, detail-oriented environment. The Junior Processor will handle a variety of tasks such as managing communication with title companies, insurance agents, and clients, ensuring files remain on track for closing, and maintaining accuracy in all documentation.

Key Responsibilities :

• File Management & Updates : Maintain accurate and timely updates on loan files using LendingPad and Dropbox. Ensure all fees and documentation are correct.
• Communication : Act as a liaison between Loan Officers, title companies, insurance agents, and clients. Keep Senior Processors and Loan Officers cc'd on all important communications.
• Process Orders & Requests : Request and manage documents from third parties (title companies, insurance agents) and ensure all necessary files are in place for underwriting.
• Timeline Management : Serve as the gatekeeper for deadlines, ensuring files progress smoothly towards closing and meet all deadlines.
• Client Follow-Up : Regularly follow up with clients and borrowers to ensure they understand their loan status and have submitted any necessary documentation.
• Post-Close Audits : Conduct post-closing audits to ensure files are complete and accurate.
• Daily Updates : Monitor email for files approaching closing, sort through title documents and appraisals, and ensure internal pipelines are up-to-date.
• Follow all Standard Operating Procedures (SOPs) and ensure adherence to mortgage guidelines and legal requirements.
• Work with Underwriters : Collaborate closely with underwriters to move files towards closing, addressing any issues that arise and providing updated documentation as needed.

Qualifications & Skills :

• Organization & Project Management : Strong organizational skills, with the ability to label and organize files consistently and manage multiple projects simultaneously.
• Tech-Savvy : Comfortable with technology, particularly loan processing software (e.g., LendingPad) and document management platforms (e.g., Dropbox).
• Strong Communication Skills : Ability to effectively communicate with clients, team members, and third parties.
• Detail-Oriented : Ensures numbers and files are accurate and up-to-date.
• Adaptability : Able to handle constructive criticism, work under high-pressure situations, and adapt to the unique needs of each loan file.
• Licensing : Licensing is not required but is a plus. Pride Lending is open to paying for licensing or continuing education (7 hours federal, 1 hour state) for the right candidate.

Compensation :

• Competitive base salary
• Per file bonus structure based on performance metrics : Base pay per file
• Opportunities for internal growth and promotion within the team

Why Join Pride Lending?

• Growth & Promotion Opportunities : Be a part of a growing team that values internal development and promotes from within.
• Supportive Environment : Work in a team where everyone's voice is heard and mental health is prioritized. No burnout here!
• Mission-Driven : Be part of a company focused on growth and excellence in serving its clients.

Challenges You May Face in the First 90 Days :

• Adapting to various types of loan files, including conventional, FHA, and USDA loans.
• Learning how to navigate high-pressure situations and finding innovative solutions to close loans.
• Providing feedback to Loan Officers about how to restructure files to ensure quicker closings.

Salary : $15 - $20