Previous Job
Previous
Loan Processor (Envoy Mortgage, Ltd)
Ref No.: 16-08153
Location: Paramus, New Jersey
PRINCIPAL RESPONSIBILITIES:
  • Effectively provide professional internal and external communication whether written or verbal.
  • Continues to stay abreast of underwriting and compliance guidelines
  • A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members.
  • Is proactive in updating all involved after new documents are uploaded or status changes occur
  • Provides follow-up on a consistent basis with originators, borrowers, and agents to complete processing.
  • Believes in Envoys core values: "Put People First ", "Commit to Excellence ", "Create Innovative Change ", "Work with Passion " and "Always do the right thing ".
  • Believes in the company vision which is also our department vision: "A Champion Mortgage Team Leading the New Era of Lending ".
  • Build rapport with our internal and external customer.
THIS JOB DESCRIPTION IS NOT INTENDED TO BE ALL-INCLUSIVE. THE INCUMBENT WILL ALSO PERFORM OTHER REASONABLY RELATED BUSINESS DUTIES AS ASSIGNED BY MANAGEMENT.

MINIMUM QUALIFICATIONS:
  • Five years related experience as a processor, underwriter or equivalent.
  • Thorough working knowledge of real estate documentation, underwriting policies, compliance, and procedures.
  • High level of proficiency with mortgage loan processing and underwriting systems.
  • Commitment to excellence and high standards
  • Excellent written and oral communication skills
  • Strong organizational, problem-solving, multi-tasking and analytical skills
  • Ability to manage priorities and workflow
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
  • Acute attention to detail
  • Proficient on Desktop Underwriting and Loan Prospector
  • Excellent customer service skills
  • Proven ability to handle multiple loans and meet closing dates
  • Strong interpersonal skills.
  • Good judgment with the ability to make timely and sound decisions
  • Demonstrated ability to pre underwrite a loan file
  • Ability to effectively communicate with people at all levels and from various backgrounds.
  • Must be able to speak, read, write, and understand the primary language(s) used in the workplace.
PHYSICAL REQUIREMENTS:
  • Calculate figures and amounts
  • Analyze statistical and financial data.
  • Analyze profiles in a mortgage loan processing and underwriting systems.
  • Sit for periods of time
  • Long periods of concentrating on a computer monitor.

Job Description:
The Loan Processor is responsible for timely processing of Convention, FHA, VA mortgage loan applications in compliance with Bank and investor requirements. Collect and review loan documents to satisfy loan conditions. Ensure completeness of mortgage loan documentation and meet depart service and quality standards. Prepare the loan file for underwriting review. Prepare mortgage loan file by reviewing loan application; clarifying and obtaining additional information. Confirm 1003 information by mailing verification forms; contacting verification sources.

The Loan Processor will validate loans in automated underwriting systems including DU and LP and submit to underwriting. Ensures accurate, complete, and timely loan data on processing system. Reviews exception reports to ensure all tasks are completed and Loan is on target to meet expected closing date. Proactive communication of loan status to the borrower and the Loan Officer.

ControlID: 14.234.89 SHR