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NewRez LLC
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NewRez LLC
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Mortgage Loan Processor
NewRez LLC Fort Washington, PA
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$47k-60k (estimate)
Full Time 1 Month Ago
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NewRez LLC is Hiring a Mortgage Loan Processor Near Fort Washington, PA

This position is onsite in Fort Washington, PA!

Primary Function

The Processor works in conjunction with Sales to ensure all loans in assigned pipelines are facilitated through the loan manufacturing process. Additionally, this role will maintain daily workflow prioritization & perform the proper due-diligence to ensure every loan has been processed in quality, timely and efficient manner. The Processor establishes communication with all 3rd parties tied to the transaction, including, but not excluded to the appropriate Title Company and Appraisal Management Company. The Processor also works closely with our internal departments: Underwriting, Secondary, Closing and Post-Closing.

Principal Duties

  • Establishes proper communication with Borrower (where necessary).
  • Actively communicates with all 3rd Parties.
  • Completes the proper due-diligence on any/all loan conditions received from Sales.
  • Processes all loans according to established NPF Service Level Agreements
  • Performs necessary pipeline tasks required to clear all assigned Processing Conditions.
  • Processes all files pursuant to the NPF pre-closing checklist.
  • Properly maintains satisfactory monthly quality scores.
  • Coordinates all closing requests received from Sales.
  • Audits files for compliance throughout the loan process: RESPA/GFE, all applicable State/Federal tests, TILA & other required state specific disclosures.
  • Prepares loan file for final review by Processing Manager

Education and Experience Requirements

  • Four (4) year college degree
  • Must have processing experience

Job Summary

JOB TYPE

Full Time

SALARY

$45k-58k (estimate)

POST DATE

05/26/2024

EXPIRATION DATE

06/08/2024

WEBSITE

newrez.com

HEADQUARTERS

AUBURN, AL

SIZE

200 - 500

FOUNDED

2008

TYPE

Private

CEO

JEFF FAIR

REVENUE

$50M - $200M

INDUSTRY

Lending & Credit

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The following is the career advancement route for Mortgage Loan Processor positions, which can be used as a reference in future career path planning. As a Mortgage Loan Processor, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Processor. You can explore the career advancement for a Mortgage Loan Processor below and select your interested title to get hiring information.

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If you are interested in becoming a Mortgage Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Mortgage Loan Processor job description and responsibilities

Loan processors must communicate regularly with loan officers and lenders to complete the loan process.

01/24/2022: Jacksonville, FL

Manages an active pipeline of loans (average of 15-20 loans monthly) and maintains timely and compliant flow of such loans through the process.

03/09/2022: Sarasota, FL

The Loan processor also helps to ensure that the loan approval stays within lending guidelines.

02/19/2022: San Bernardino, CA

Loan processors should be able to make right decisions at the right time.

03/30/2022: Springfield, MO

Responsible for providing clerical support for all mortgage loan processing activities.

04/03/2022: Worcester, MA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Mortgage Loan Processor jobs

Communicate with lenders regarding required loan documentation for complete file documentation.

01/24/2022: Rock Island, IL

Must have at least one year of loan processing experience.

03/14/2022: Saginaw, MI

Proficient knowledge of lending processes, loan principles, loan systems.

03/10/2022: San Bernardino, CA

Advanced knowledge of mortgage lending, processing, credit analysis, mortgage laws and regulations.

03/28/2022: Reno, NV

A comprehensive certification training program for new & existing loan processors.

02/20/2022: Rock Island, IL

Step 3: View the best colleges and universities for Mortgage Loan Processor.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College