Senior Loan Processor (West Coast)
Core
Review and analyze borrower credit, employment, income, and assets; assemble loan packages for underwriting; communicate with customers and loan officers to obtain documentation.
Role type
Senior Loan Processor
Builds
Residential mortgage loan files for underwriting and closing
Domain
Mortgage lending / Consumer finance
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work -> client delivery (loan files)
Required skills
Credit analysis, loan package assembly, documentation verification, regulatory compliance (RESPA, TIL, HMDA, Reg B), vendor coordination, pipeline management, math and analytical skills
Preferred skills
Encompass system experience, knowledge of DU/LP, knowledge of Regulation Z and Regulation B
Technologies
Encompass, DU, LP, Microsoft Office, Windows
Responsibilities
Perform thorough review of borrower credit, employment, income, and assets; assemble complete loan packages; verify required documentation; prepare loan approval summaries and forms (1008, 1003); review loans for regulatory compliance; communicate with third parties for surveys, flood certificates, title commitments, and payoff info; manage loan pipeline and turnaround times; train and assist supervision of new processors; assist with closing and clearing suspense items
Seniority
Senior, hands-on IC