Senior Loan Processor

At Lendwise, our Senior Loan Processors are responsible for taking a file from beginning to end while working with our in-house operations and sales teams. This includes obtaining, organizing, analyzing, and verifying documentation received such as income, credit, appraisal, title, etc. Processors are responsible for ensuring this documentation is complete, accurate and meets both company and agency/investor requirements. Our processors work directly with borrowers and other departments to obtain conditions and ensure the loan progresses smoothly so our Loan Officers can focus on generating new business. Other duties include but are not limited to: accurate data entry into Encompass; ability to keep an organized paperless loan file; clear and constant communication with all parties to ensure the loan file meets closing expectations while providing the highest level of service possible.

Duties and Responsibilities:

• Set up and process Conventional, Agency, FHA/VA, Non-QM and other loan programs such as USDA, Home Equity Lines of Credit, 2nd Mortgages, Home Improvement loans, Down Payment Assistance and Bond Programs as well as Reverse Mortgages.
• Accurately calculate income for all types of borrowers.
• Request, review and verify all loan documents such as income, credit, appraisal, and title insurance, to ensure complete and accurate information is in the file before it is sent to underwriting.
• Obtain verifications (VOE, VOA, Credit Supplements, SSA-89)
• Order loan documents and coordinate with third-party closing agents and internal doc team to meet closing deadlines.
• Prioritize and monitor daily workflow in order to ensure all loans are being worked on in accordance with company's timeline expectations.
• Maintain constant communication with all applicable parties on status updates and/or changes to the loan.
• Ensure any necessary and critical changes which require re-disclosure have been accurately notated and checked in the loan origination system for compliance purposes.
• Work additional hours as needed.

Basic Qualifications:

• FHA/ VA experience strongly preferred.
• Current knowledge of federal and state guidelines, rules, and regulations such as RESPA, TILA, HMDA, etc.
• Resourceful with exceptional search engine skills
• Strong customer service skills with a “can-do” attitude and a willingness to learn.
• Prior experience with FNMA/FHLM; Non-QM; FHA/VA programs beneficial.
• Proficiency with MS Word, MS Excel, Adobe, Desktop Underwriter and Loan Prospector.
• Current familiarity with Encompass360 is a plus.
• Advanced ability to analyze complex tax returns to accurately calculate income for all types of borrowers.
• Confidence in your own ability to explain, defend and negotiate file documentation directly with underwriting.
• Ability to work independently to seek information using available internal and external resources (Internal Resource Center, Agency guidelines, search engines, verification websites, etc.)
• The ability to think outside the box and contribute to loan restructuring conversations is highly preferred.
• Demonstrate high volume productivity.
• Must be detail oriented, organized, and work efficiently under pressure.
• Must be a TEAM player and work well with Sales Staff providing utmost levels of customer service and an open line of communication.
• Strong analytical skills.
• Excellent verbal and written communication skills.
• Ability to work independently in solving problems.
• Ability to manage multiple tasks and deadlines simultaneously.
• Minimum of 5( ) years of experience.

Health insurance

Dental insurance

Vision insurance

Job Type: Full-time

Location: In person/Woodland Hills CA

Pay: $50,000.00 - $75,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Paid time off
• Vision insurance
• Work Location: In person