Senior Loan Processor
Core
Operational quarterback managing high-volume residential mortgage loans from application through funding, ensuring compliance and on-time closings.
Role type
Senior Loan Processor (Mortgage Operations)
Builds
Residential mortgage loans (Conventional, FHA, VA, USDA, Jumbo, Portfolio, Construction)
Domain
Financial Services / Mortgage Lending
Required skills
Complex loan scenario resolution, Regulatory compliance (RESPA, Reg Z, Reg B), Financial document analysis, Pipeline management, Mentorship, Quality control
Preferred skills
Encompass experience
Technologies
Mortgage processing systems, Loan origination platforms
Responsibilities
Manage high-volume pipeline of conventional, FHA, VA, USDA, and Jumbo mortgage loans; Review loan applications and support documentation for completeness, accuracy, and compliance; Analyze income, assets, credit, liabilities, and collateral documentation to identify potential qualification issues; Collect and review required documentation from borrowers, employers, title companies, insurance agents, and third-party vendors; Anticipate potential underwriting or closing issues early and recommend solutions; Submit complete and accurate loan files to underwriting and proactively address underwriting conditions; Coordinate with underwriting, closing, and funding teams to meet contractual closing deadlines; Resolve complex loan scenarios involving self-employed borrowers, variable income, multiple properties, trusts, and layered financing; Assist in onboarding, mentoring, and developing Loan Assistants, Junior Processors, and other Operations team members.
Seniority
Senior, hands-on IC with mentorship responsibilities