What are the responsibilities and job description for the Entry Level Mortgage Loan Processor position at Latitude Inc?
Salary: $55,000 - 60,000/year
As a Mortgage Loan Processor, you will play a key role in helping facilitate the mortgage loan process by gathering and organizing the necessary documentation, ensuring compliance, and working closely with borrowers, loan officers, and underwriters to ensure timely loan approval and closing.
This is a fantastic opportunity for individuals looking to start their career in the mortgage industry and gain hands-on experience in a fast-paced, customer-focused environment.
This is an entry level position, only a bachelor's degree is required.
- Loan Documentation Collection: Gather and review all required documentation from borrowers, including income verification, credit reports, asset documentation, and any other necessary paperwork.
- Data Entry & Processing: Enter borrower information into the loan processing system and ensure all documents are accurate and complete.
- Communication: Maintain clear communication with loan officers, underwriters, and borrowers to ensure the timely completion of loan files. Answer borrower inquiries and keep them informed on the status of their loan applications.
- Compliance & Regulatory Adherence: Ensure all loan applications comply with company policies, as well as state and federal regulations, such as RESPA, TRID, and FHA/VA guidelines.
- Preliminary Underwriting Review: Review loan files for completeness and compliance, identifying potential issues or missing documentation.
- Loan Pipeline Management: Track and manage multiple loan files simultaneously, ensuring all milestones are met on time and ensuring smooth loan processing.
- Problem-Solving: Work with borrowers and internal teams to resolve any issues or discrepancies that may arise during the loan processing stage.
- Team Collaboration: Work closely with other departments (Sales, Underwriting, and Closing) to ensure a seamless loan process and a positive borrower experience.
- Education: Bachelor’s degree in Finance, Business, or related field required.
- Experience: No prior mortgage industry experience required, but any previous customer service, administrative, or banking experience is a plus.
- Strong attention to detail and organizational skills.
- Ability to handle multiple tasks and deadlines in a fast-paced environment.
- Excellent written and verbal communication skills.
- Basic understanding of mortgage products, terminology, and loan documents is a plus but not required.
- Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
$55,000 - $60,000 a year
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Salary : $55,000 - $60,000
