Mortgage Loan Processor

Job Purpose

• Prepare and process Conventional, Jumbo, Non-Agency, and Government (FHA/VA) mortgage loans under various loan programs. Loan Processor will be responsible for performing a variety of loan documentation duties as necessary for the loan process, per Point Mortgage Policies and Procedures; ability to meet Close of Escrow dates and rate lock.

Duties and Responsibilities

• Conduct thorough review and evaluation of borrower credit loan file, along with, but not limited to, income documentation / income calculation worksheet, employment verification, and assets documentation. Proactive in checking documentation for accuracy and potential red flags.
• Review AUS findings and confirm with borrower documentation received for loan submission criteria.
• Full knowledge of regulatory and compliance guidelines, particularly LE / CD (Loan Estimate and Closing Disclosure). Ability to re-disclose and complete Change in Circumstance when necessary, meeting necessary disclosure waiting periods.
• Request, review and balance fees for CD (Closing Disclosure) prior to closing.
• Subject matter expert on Down Payment Assistance Programs, FHA & VA guidelines specific to borrower eligibility, mortgage history, appraisal, and cash requirements.
• Ability to pull FHA Case Number and CAIVRS, Order Certificate of Eligibility.
• Ability to order / request credit supplements, appraisal revisions, title & escrow documents as necessary, SSA verification, flood cert, and 4506-T verification as necessary.
• Obtain escrow documents as necessary, including vesting amendment, payoff demands, purchase addendums, and updated hazard insurance.
• Analyze underwriting conditions and obtain necessary items required, including Mortgage Insurance submission and certification, and obtain necessary flood insurance per NFIP and investor requirements.
• Communicate with appropriate parties to satisfy underwriting conditions: VOD, VOE, etc.
• Review and satisfy prior to funding and post-closing conditions when required.
• Maintain excellent customer service with internal and external clients.
• Maintain professional working relationship and transparent communication with direct manager, Underwriter, Loan Officer and Loan Officer Assistant.
• Maintain a high degree of confidentiality.
• Maintain consistent and satisfactory attendance.
• Must close/fund a minimum 15 loans per month on a consistent basis, as capacity and volume allow.
• Ability to analyze and process Jumbo, Non-Agency, and Investor Delegated loans, as assigned.
• Must be able to communicate verbally or in writing in either English or Spanish with regards to the loan transaction (ie. Borrowers, Loan Originators, Loan Officer Assistants or Realtors)

Qualifications

• At least 5 years Loan Processing experience.
• Knowledge of Fannie Mae, Freddie Mac, FHA/VA loan process and standard guidelines.
• Proficient with mortgage operating systems, preferably Encompass.
• Experience with Paperless and E-Documents.
• Ability to multi task and shift priorities.
• Must be punctual, reliable, and no trending issues with attendance.

Working Conditions

• Flexibility to work in a high volume, fast paced environment.

Job Type: Full-time

Pay: $26.00 - $31.00 per hour

Benefits:

• 401(k)
• Flexible spending account
• Health savings account
• Life insurance
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• Overtime

Language:

• Spanish (Required)

Ability to Commute:

• Tampa, FL 33611 (Required)

Ability to Relocate:

• Tampa, FL 33611: Relocate before starting work (Required)

Work Location: In person

Salary : $26 - $31