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Mortgage Loan Processor (Reside Financial, LLC)
Ref No.: 16-07844
Location: Chicago, Illinois
Primary responsibilities reviewing and verifying loan documents including income, credit, appraisal, title insurance, etc., and ensuring the information is complete, accurate and complies with company policies as well as meets underwriters' requirements.
A FEW DUTIES AND RESPONSIBILITIES
* Process FHA, VA, Conventional, Home Equity Lines of Credit, 2nd Mortgages, Home Improvement loans, Down Payment Assistance and Bond Programs as well as Reverse Mortgages.* Accurately calculate income for all types of borrowers.
* Communicate clearly and effectively with customers, loan agents and other third parties involved in the mortgage loan transaction.
* Request, review and verify all loan documents such as income, credit, appraisal and title insurance, to ensure complete and accurate information is in the file before it is sent to underwriting.* Obtain verification of deposit, verification of employment, credit report* Prioritize and monitor daily workflow in order to ensure all loans are being worked on in accordance with company's timeline expectations.
* Maintain constant communication with customers and loan agents on status updates and/or changes to the loan.
* Ensure any necessary and critical changes which require redisclosure have been accurately notated and checked in the loan origination system for compliance purposes.
* Coordinate loan closing with customers, title companies, and loan agents.DESIRED
COMPETENCIES
* Demonstrate advanced product knowledge of FHA, VA, Conventional and other loan programs such as Home Equity Lines of Credit, 2nd Mortgages, Home Improvement, down payment assistance and bond programs.
* Demonstrate working knowledge of federal and state guidelines, rules and regulations such as RESPA, TILA, HMDA, etc.
* Advanced ability to analyze complex tax returns accurately calculate income for all types of borrowers.
* Excellent written and oral communication skills.
DESIRED EXPERIENCED
* 6 months+ experience processing residential mortgage loans.
* Proficient with Calyx Point, or other paperless mortgage loan origination systems.
COMPENSATION
* Compensation varies by experience but generally starts at $35,000 plus the opportunity to advance and performance based bonuses.
* Continued Education Opportunity
* Company Lunches and Events
Job Type: Full-time
Salary: $35,000.00 /year
Job Location:
  • Chicago, IL 60657
Required education:
  • High school or equivalent
ControlID: 14.234.89 SHR