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Mortgage Loan Processor (Alterra Home Loans)
Ref No.: 16-08495
Location: Herndon, Virginia
Loan Processor provides professional support services to Loan Officer by assembling a completely documented residential mortgage loan file in preparation for submission of the file to the underwriting department.
Essential Duties and Responsibilities
  • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
  • Set up loan file in system
  • Serve as a liaison between the customer, loan officer and underwriter
  • Obtain needed documentation via, credit reports, appraisals and related information
  • Review of all files to ensure RESPA compliance
  • Order title work and review for accuracy and address any discrepancies
  • Submits loan file for underwriting approval
  • Maintain pipeline of loan files submitted for processing, approved and PTF conditions
Disclaimer: Job description is not a complete list of duties. The Loan Processor may and/or will be required to perform other functions as asked by management. The Loan Processor must be self - sufficient and show the initiative to self -educate in industry products and program guidelines.
Supervisory Responsibilities
This position has no supervisory responsibilities.
Qualifications
  • One (1) to Three (3) years prior Loan Processing/ Jr. Processing or Loan Set up experience
  • Experience in the mortgage industry preferred
  • Ability to deliver effective results
  • Reliable transportation, valid driver's license and current automotive insurance
  • Sound judgment and decision making skills
  • Ability to work under pressure and meet deadlines with minimal supervision
  • Excellent service skills
Required Education and Experience
  • High School Diploma or Equivalent
  • Knowledge of Freddie Mac, Client and FHA/VA guidelines
  • Knowledge of general federal and state mandated consumer disclosure requirements
  • Familiarity with automated underwriting technology i.e., Client Desktop Underwriter and Freddie mac Loan Prospector
  • Proficient in data entry and management
Language Skills
  • Ability to speak, read and write in the English language
  • Fluency is other languages preferred
  • Articulate speaker with good interpersonal skills
Key Competencies
  • Organizing and prioritizing
  • Attention to detail and accuracy
  • Confidentiality
  • Judgment
  • Good verbal and written communication skills
  • Problem analysis and problem solving skills
  • Ability to meet deadlines
We offer a competitive compensation package, and we will pay for relocation for the right candidate. Our benefits include:
  • Health Insurance; Medical, Dental, Vision.
  • Supplemental Insurance; Accident, Critical Illness, Term Life, Legal & Identity, and Pet Insurance.
  • Companied paid life insurance (up to $25,000) with additional buy-up options.
  • 401k with company match
  • 9 Paid Holidays
  • 15 Day of Paid Time Off (PTO).
  • Employee Assistance Program (EAP).
  • Beautiful work location in a business casual environment.
  • Down payment assistance on a home purchase, up to $10,000, after 1 year.
Job Type: Full-time
Required education:
  • High school or equivalent
Required experience:
  • Loan Processing: 2 years
  • Mortgage Industry: 2 years
ControlID: 14.234.89 SHR