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Mortgage Loan Processor (Classic Mortgage LLC)
Ref No.: 16-07559
Location: Maywood, New Jersey
A boutique, correspondent mortgage bank specializing in conforming and FHA loans is looking to add a VERY EXPERIENCED mortgage loan processor to its processing team. Our processors are responsible for working on a file from opening through closing, including post-funding work relating to our warehouse line of credit. You will be supporting a small, but very busy group of experienced mortgage loan officers.
The processor will need familiarity with one or more LOS (we use Calyx). In addition, they will need knowledge of Fannie, Freddie and FHA guidelines and regulations such as Dodd Frank and TRID. The processor will prepare the initial Loan Estimate and send it out to the clients with a list of missing items. The processor will need to know how to analyze, income, assets and credit. They will then need to work on the conditions and get the files cleared to close.
We work with several investors on the banking side, who underwrite the file, and others on the broker side. The processor will prepare closing documents including the Closing Disclosure. The processor will be expected to maintain a pipeline of about 35-50 files depending on volume.
Job Type: Full-time
Required experience:
  • Loan Processing: 4 years
ControlID: 14.234.89 SHR