Mortgage Loan Processing Rockstar

NOTE: If you are applying for this position without 2-years of residential mortgage loan processing experience or a state-issued NMLS licensed as described below, your application will be automatically rejected and you will not eligible for future opportunities.

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SouthCoast Processing is a boutique third-party processing company located in New Bedford, MA. We're known for our collaborative approach with our LOs where we don't just say we're an extension of their business, we live it. We're looking to hire our next rockstar team member!

Read below for full details (we are sticklers for attention to detail) - but an important item, while remote, we are a W2 (not 1099) employer, offer health insurance and 401(k) with company match.

The other difference? Our pay structure - salary is a base salary of $55,000/yr (salary - not a draw - draws are lame) and bonuses are paid on top of that (yay for some transparency in this business). Per file pay sucks and doesn't create a team atmosphere.

All that being said - how about the formal job post:

Overview:

We are seeking a detail-oriented Mortgage Loan Processor to join our team. The ideal candidate will have a strong background in mortgage loan processing including Conventional, FHA, and VA loans. Experience with Non-QM or Commercial Loans a plus.

Responsibilities:

• Analyze credit reports and financial documentation to determine borrower's creditworthiness
• Calculate income, assets, and liabilities to ensure compliance with lending guidelines
• Communicate with borrowers, loan officers, underwriters, and other stakeholders to facilitate the loan process
• Ensure all loan files meet regulatory and compliance standards
• Assist in resolving any issues that may arise during the loan approval process

Qualifications:

• Knowledge of mortgage guidelines
• Familiarity with various mortgage products
• Strong attention to detail and organizational skills
• Ability to work efficiently in a fast-paced environment
• Excellent communication and interpersonal abilities

Key Information:

The information below is intended to offer additional information about the company and qualifications we are looking for:

• This position is almost all remote (1-2 times per year spend 1 day in-office in New Bedford, Massachusetts - company pays all travel/lodging)
• Our company is unique in that the Mortgage Loan Processors do not do the initial review of the loans, submit the loans to underwriting, or handle any of the closing process. They work on the loans from “submitted to underwriting” through “clear-to-close” and during that time period handle all communication, document gathering, document review, underwriting collaboration, and business partner communication so the loan officer does not have to be involved at all.
• Strong preference given to candidates with mortgage broker experience or a proven track record of quick pipeline movement. Our company's average CTC time is 14.2 days.
• You must hold a state-issued NMLS license (not a federal/bank-sponsored registration).
• Preference given to candidates whose response includes the top 5-6 investor portals they are comfortable working in and top mortgage products they have strong knowledge of.

Is your Spidey sense tingling that we roll differently than most others? That would be accurate... memes fly all day in the company Slack, every CTC is celebrated, we hold underwriters accountable, we love our weekly all-hands team huddle where we all get better, and our loan officers are like family.

Want to get a feel for us as a crew?

Here is our website (we're different than most): https://www.southcoastprocessing.com

Here is our Instagram: https://www.instagram.com/southcoastprocessing

Pay: $70,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• Health insurance
• Paid time off

Work Location: Remote

Salary : $70,000 - $85,000