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Sr. Mortgage Loan Processor (Work from Home)

  • Aspire Lending
  • Nashville, TN, USA
  • Jun 30, 2020
Financial Services - Banking / Investment / Finance

Job Description

Senior Mortgage Loan Processor Job Description

SUMMARY OF ROLE: This is a Work from Home opportunity Acquires experience, skills and knowledge to perform Loan Processor duties and manage a pipeline under the daily guidance and direction of the Processing Manager.

COMPENSATION: On Target Earnings for closed loan bonuses is 60,000 - 80,000 annually.

ESSENTIAL DUTIES AND RESPONSIBILITIES OF SENIOR MORTGAGE LOAN PROCESSOR: 

  • Evaluates loan packages for missing and/or incomplete information
  • Performs consumer calls and maintains constant communication
  • Performs portfolio updates every 48 hours to LOS
  • Pre-Audits and prepares quality filed that meet UW and closing objectives
  • Reviews DU findings to ensure proper conditions are met
  • Clears stipulations from underwriters and works with underwriters to obtain a final decision
  • Understands where to research information Mortgage Consultant, Processor, LO, Software (Maxwell)
  • Attends meetings as necessary
  • Comprehends internal overlays and resources available with knowledge of where and how to use them
  • Communicates with LOs as needed
  • Performs analysis of income, asset, credit, AUS DU/LP
  • Ability to manage an active portfolio of 20+ files with a 60% fund ratio

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED FOR SENIOR MORTGAGE LOAN PROCESSOR:

  • 5+ years experience in loan processing as a Loan Processor, Loan Assistant, Loan Coordinator, or related position in Mortgage Lending. Similar experience in banks will not be considered.
  • Completion of a high school diploma or higher education level
  • Strong time management skills
  • Ability to understand and execute within multiple IT applications
  • Ability to read, analyze and interpret complex documents.
  • Ability to comprehend basic math skills using whole numbers, common fractions and decimals, (loan amount, asset. income calculations, etc.)
  • Ability to exercise professional behavior, judgement and persuasiveness with internal and external customers.
  • Ability to define problems, collect data, establish facts and draw valid conclusions.
  • Ability to multi-task and set priorities
  • Ability to work with basic mortgage industry software and Microsoft Office Suite
  • Working knowledge of Investor guides (FNMA, FHLMC, FHA, VA, Jumbo, Other Government Products)
  • Specialized training: de-escalation, file control

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