Job Description
Job DescriptionAre you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; apply now!Compensation:
$50,000 - $70,000 yearly DOE plus potential per-file bonus
Responsibilities:
- Document the loan process from origination to approval through our system
- Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application
- Assure that loan files meet banking and regulatory guidelines and policies
- Liaise between the mortgage lending underwriting department, mortgage loan originators, real estate agents, and applicants to facilitate loan approval
- Determine the best loan option for the borrower through interviewing and discussion
Pre-Underwrite
- Verify that the initial loan file is complete using the pre-underwrite checklist
- Request any additional documentation on cash, credit, and capacity (income)
- for a complete loan submission
- Initiate ALL third-party items
- Submit high-quality loans for preliminary underwriting without over-analyzing
Post-Underwrite:
- Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear
- Confirm outstanding CLA items have NOT already been received before reaching
- out to external parties (avoid duplicate requests to borrowers)
- Request conditions in layman’s terms that are easy for borrowers to understand
- Thoughtfully review and submit all conditions to underwriting
- Send all Clear to Close (CTC) requests via email to the loan team (including
- Opener)
- Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)
Post-Fund:
- Monitor pending closed loans for funding authorization
- Clear any post-funding conditions as required
- Support LO, LP1, LP2, and borrowers with any post-funding questions
Additional Responsibilities
- Ask Clients, Agents, and other parties for referrals during the loan process
- Attend Weekly Team Meetings (WTM) to review the entire loan pipeline
- Log all crucial communication in the LOS Conversation Log
- High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor
Qualifications:
- Strong analytical and time management skills and superior attention to detail
- Experience in mortgage lending and knowledge of loan types, such as FHA, FHLB, FNMA, or VA loans required
- At least 2 years of loan processing experience required
- Accounting, finance, or business Associate’s degree preferred - High school diploma or GED required
- Must have excellent written and verbal communication skills
- Conventional, FHA, VA, USDA loan product knowledge and processing experience required
- Experience working with mortgage brokers
- Be a Solution Seeker
- Fluent in English and Spanish
About Company
3 Keys Lending is a new and fast-growing mortgage company based in Utah.
We are committed to delivering the best rates, products, and experience to our customers.
We love clients and love helping them make the best-informed decisions for such an important aspect of their lives.