Mortgage Loan Processor

Position Title: Mortgage Loan Processor

Location: Reston, Virginia - Hybrid Remote

Industry: Mortgage / Residential Lending

Classification: Full-Time, Exempt

Reports To: VP, Operations Manager

Jones Networking is recruiting for a Mortgage Loan Processor to join a Residential Lending Firm in Reston, VA. This role serves as the communications link between customers and the sales staff. Our client offers a competitive salary, comprehensive healthcare, 401(k) with company match, long & short term disability insurance, life insurance, tuition reimbursement, flexible spending account, bonus opportunities and much more!

Mortgage Loan Processor Position Summary:

-Maintain open line of communication with customers and Account Executives throughout the process, assisting them with questions and notifying them and other parties with additional requirements and/or conditions.

-Review documents and verify data collected by Account Executives.

-Ensure program eligibility and compliance with underwriting guidelines.

-Calculate income and verify debt-to-income ratio (DTI) prior to submission to Underwriting.

-Act in a lead capacity in the timely follow-up for missing documentation pertinent to the underwriting decision and closing of the transaction.

-Manage a pipeline of open loan files from set-up to disbursement to closing dates.

-Enter preliminary HUD-1 into the Loan Origination System.

-Provide coverage for other Account Managers in the event of scheduled and unscheduled absences.

Qualifications Summary:

-Minimum one year of related experience in a mortgage banking environment.

-Minimum two years experience in a mortgage processing, underwriting or closing function.

-College Degree is a plus.

-Working knowledge of Freddie Mac LP or Fannie Mae DUS.

-Understanding of conventional processing guidelines.

-Strong organizational and communication skills.

Please visit Jonesnet.com for a full list of career opportunities presented by Jones Networking.