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Loan Processor (Residential Mortgage Services, Inc)
Ref No.: 16-07775
Location: Bedford, New Hampshire
Multiple Positions Available - Compensation Commensurate with Experience Job SummaryThe Loan Processor is responsible for ensuring the timely and accurate processing of all loans originated by loan officers. The Loan Processor reviews files for completeness of submission and adherence to underwriting standards and regulatory compliance guidelines.
Responsibilities
  • Review files for completeness
  • Track, order, and monitor appraisals (Loan Processor Assistant)
  • Verify accuracy of system input
  • Analyze file; check ratios and program applicability
  • Obtain accurate Automated Underwriting System (AUS) findings
  • Consistent and effective communication with borrowers, loan officers and realtors regarding obtaining the required documentation for loan files and providing current status of loan files in process to all parties involved in the transaction
  • Analyze credit reports, returned verifications and appraisal
  • Prioritize work flow to ensure time sensitive files are handled in proper order
  • Submit files to underwriting in a timely manner in accordance with company standards
  • Ensure compliance with all regulatory and governmental standards, guidelines, rules and regulations
  • Run and review compliance report to review compliance with HPML, High Cost, TILA and all other compliance checks
Job Type: Full-time
Job Location:
  • Bedford, NH
Required education:
  • High school or equivalent
Required experience:
  • Mortgage: 3 years
  • Loan Processing: 3 years
ControlID: 14.234.89 SHR