Loan Processor

Company: Excelerate Capital
Location: Newport Beach
Posted on: April 3, 2021

Job Description:

Loan Processor

Job Description

The Loan Processor will be responsible for all aspects of processing a variety of mortgage loans Conventional, FHA, VA and NonQM. The Loan Processor collects, reviews, and analyzes file documentation, updates AUS and submits to underwriting for loan approval. Assists with obtaining all remaining file documentation while providing the highest-level customer service, quality in compliance issues and underwriting submissions. They will also provide support for branch and/or originator with questions on programs, products, and software.

Essential Duties:

The following reflects management's definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

• Obtain and assemble complete loan package in proper order for underwriting. Verify all required documentation by pre-underwriting the file. Complete requirements per the processing loan checklist.
• Directly communicates with Loan Originator, customer, and underwriter in writing and/or by telephone to obtain initial and missing documentation required to qualify for the loan, including but not limited to income information, asset information, credit authorization, trust agreements, purchase agreements, etc.
• Performs a thorough review of each loan file within one business day to verify the application is complete and accurate. Analyze the file documentation of borrower's credit, employment, income, collateral, and assets as required by the specific loan program before submitting the file to the underwriter for loan approval.
• Directly communicates with Loan Originator, customer, and underwriter in writing and/or by telephone to obtain initial and missing documentation required to qualify for the loan, including but not limited to income information, asset information, credit authorization, trust agreements, purchase agreements, etc.
• Verifies documentation submitted and identifies any potential issues that may arise in underwriting.
• Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations). Prepare and/or initial proper disclosures as required by regulations.
• Communicate with various companies to obtain Appraisal, Property Survey, Flood Certificate, Title Commitment, and payoff information. Verify vendor orders are complete and invoices received, and all are in the applicant's loan file.
• Manage pipeline by reports within allotted turn-around times. Assist set-up of loans.
  • Maintain processing turn times and provide exceptional customer service both internally and externally.
  • Capable of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.
  • Ensures data integrity.
  • Coordinates and schedules closing.
    
    Required Skills:
    
    • Previous loan processing experience of 3 years
    • Functional experience with LendingQB is a plus
    • Must have thorough knowledge of Conventional, FHA, VA, NonQM loan programs
    • Strong oral and written communication skills
    • Excellent interpersonal skills
    • Must have excellent problem-solving skills
    • Ability to meet production, quality, and service standards
    • Ability to work in a fast-paced, high volume environment
    • Must have working experience with computer applications
      Overtime:
      
      Employee may be allowed to work overtime, but only at the discretion of Supervisor. Any overtime taken by employee will result in disciplinary action, including termination.
      
      Compensation:
      
      Production Pay: Tier bonus structure based on funded loan volume
      
      Benefits!
      
      Dental Insurance
      
      Flexible Schedule
      
      Health Insurance
      
      Paid Accrued Time Off
      
      Paid Accrued Sick Time Off
      
      Vision Insurance
      
      About Excelerate Capital!
      
      Welcome to Excelerate Capital, the innovator in NONQM lending. We have one goal and one goal only. To provide a world class experience in mortgage lending. To fulfill that lofty goal, we committed to providing: a wide array of loan products, flexible and common-sense underwriting guidelines, competitive pricing, and excellent customer service.
      
      Excelerate Capital is the trusted name in providing expanded loan products for every stop of our clients' lives. As a leader in wholesale and alternative lending, our mission is to provide our clients the certainty and assurance of a reliable solution fit their unique needs.
      
      Our corporate President often says, "our employees are our most important customers," so are you interested in being a part of a dynamic organization that is redefining an industry? Here at Excelerate Capital, we are experiencing growth and continue to look for experienced Loan Officers and Account Executives to help us reach our greatest potential. Come join our team in Newport Beach to help reshape the residential lending landscape and make products that affect millions nationwide.
      
      Visit us on!
      
      Company Website:
      
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      Linkedin: linkedin.com/company/exceleratecapital/
      
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Keywords: Excelerate Capital, Newport Beach , Loan Processor, Other , Newport Beach, California