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Sr. Loan Processor (First Guaranty Mortgage Corporation)
Ref No.: 16-08388
Location: Tampa, Florida
The Senior Loan Processor is primarily responsible for obtaining, reconciling, and validating all required documentation for a mortgage application from the Correspondent Seller as defined by specific product, investor and compliance guidelines. The processor is responsible for performing a preliminary underwriting review, including but not limited to Investor and Lender guidelines prior to submission to the underwriting department.
  • Monitors and reconciles all documentation submitted for accuracy from the Correspondent Sellers as well as making appropriate telephone calls to the Correspondent Sellers for final loan documentation for each loan file.
  • Inputs and validates all data in Loan Origination System ( "LOS”) and reviews for discrepancies with the initial loan application following FGMC and Investor guidelines.
  • Monitors all files in process for 30-day activity to ensure that Regulation B requirements are followed on all loan files.
  • Completes an evaluation of the completed loan application package once received from the Correspondent Seller and prepares loan files for underwriting submission.
  • Assures the loan application package meets investor and FGMC requirements.
  • Ability to review and follow updated FGMC and Investor related requirements specific to the loan.
  • Interacts with investors automated underwriting decisions and fraud compliance tools.
  • Inputs all appraisal information into LOS to ensure that underwriting department has all information to review and approve appraisals.
  • Reviews each Flood Certification to confirm if property is or is not in a flood zone.
  • Conducts a pre-underwriting review of underwriting conditions, including review of conditions with Correspondent Sellers, obtaining additional documents from the Correspondent Sellers as needed to meet the remaining conditions prior to loan closing, resubmission of loan file to underwriting once all conditions received from the Correspondent Sellers to obtain Final Approval.
  • This position is not eligible for telecommuting
  • In-depth knowledge of mortgage lending guidelines and regulations (RESPA, REG B, HMDA, FHA, VA, Conventional and other products offered)
  • Senior Loan Processor should have in-depth knowledge of mortgage loan underwriting criteria and compliance guidelines.
  • Must possess good interpersonal skills, oral and written communication skills.
  • This level of knowledge is normally acquired through high school and a minimum of 5+ years of mortgage loan processing experience
  • 5+ years of prior operational support and/or loan documentation review experience in a mortgage lending institution or a real estate or title agency.
ControlID: 14.234.89 SHR