Retail Processor

Position: Retail Processor

Department: Processing - Retail

Reports To: Processing Team Lead

Location: 7450 Campus Drive, Suite 200, Colorado Springs, CO 80920

Remote availability: Yes

Exempt Status: Non-exempt

Compensation & Benefits: $ 24.00-35.00/hour dependent on experience plus per file bonus

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (MSF) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.

About MSF

MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.

Role Overview

Retail Loan Processors play an integral part within the sales organization and serve as the companys voice, partner and liaison to our customers. Our team members provide a superior level of customer service to internal and external customers. We take pride in the fact that our team members maintain a positive attitude backed by a strong commitment to the success of the team, reputation of the company and dedicated to finding the best answer or solution for the situation. Our team members are committed to adhering to the integrity of the companys ability to sell the loan by following established guidelines, policies and procedures found in the Continuity Book and other company-specific resources.

The loan processor will work closely with Mortgage Experts to provide an exceptional experience to our clients. The processor will be required to complete tasks assigned in a timely manner.

Essential Duties: In addition to related job duties as assigned, this position will:

• Review new loan submissions from Loan Officer.
• Verify loan is complete with checklist and accompanying disclosures, documents, needs list, anticipated or confirmed program/investor, etc.
• Request any additional items needed from borrower to complete loan.
• Order and receive VODs, VOEs, appraisal, title, etc. as appropriate.
• Work with borrowers to obtain documentation necessary to close.
• Input final information as applicable, for final loan submission.
• Submit loan to Underwriting upon receipt of documents, as needed, for a complete loan file to obtain a clear loan approval.
• Submit all documents needed to draw closing documents.
• Ensure closing instructions and documents have been released to title before closing, ensuring a final settlement statement is issued to Loan Officer prior to closing.
• Submit complete files to Underwriting based on Investor and/or AUS requirements. Clear any conditions that require communication to the title companies, appraiser, employers, surveyors, etc.
• Coordinate submitted files to Underwriting & Closing to meet file expectations.
• Communicate loan approval from underwriting.
• Pipeline Management update and track information in LOS with current and up to date information. Must track all items ordered, received and/or still lacking.
• Place detailed comments in the conversation log every time a file is handled.

Qualifications, Experience & Knowledge

• Must have demonstrated experience working with FHA, VA and USDA loans and websites.
• Minimum three (3) years of mortgage processing, underwriting, originating or a combination of all aspects.
• Excellent written and verbal communication skills.
• Attention to detail required.
• Strong time management and organizational skills
• A team player, ability to work independently.
• Thrive in a fast paced, high production environment.
• Ability to handle difficult situations independently while being solution oriented.
• Ability to adapt to change in a fast-paced environment.
• Willing to go above and beyond what is expected in order to impress our clients and referral partners.
• Basic understanding of Mortgage Compliance Regulations, Program Guidelines, and Loan Structure

Physical Requirements

• Stationary position; prolonged periods at a desk and working on the computer.
• Occasional movement about inside the office to walk to offices and office machinery.
• Occasional lifting up to 10 pounds, must be able to push, pull, pull up, bend at the knees and waist, twist body at the waist, raise and hold arms overhead, turn head-neck-shoulders as needed, grasp and hold tools and other items with hands, for either extended periods of time or many times throughout the workday.

MSF is an equal opportunity employer. All candidates for employment are considered equally and no distinction is made on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status. MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function, should contact Human Resources.