Loan Processor

Position Overview

This role is a Contract to Hire position based out of Carrollton, TX. As a Guidelines Team Loan Processor, you will ensure loan files meet investor, agency, and company standards before closing. You will process high-volume clean‑up work, guideline validation, and loan restructuring from a continuous “get next” queue, reviewing and correcting 130+ guideline items per day to support rapid loan movement.

• Process rush files requiring 24‑hour turnaround, including making necessary corrections to ensure closing readiness.
• Work through a queue of 40–50 active files, completing assigned portions without full pipeline ownership.
• Review and update cash‑to‑close calculations to ensure accuracy prior to closing.
• Analyze and adjust DTI changes based on updated borrower documentation or loan structure.
• Restructure loans due to seller credit changes at closing, ensuring compliance with investor and agency requirements.
• Review borrower documentation including credit reports, bank statements, income documents, and asset verification.
• Identify large deposits and determine required documentation per agency guidelines.
• Apply Fannie Mae and Freddie Mac guidelines to validate loan accuracy and compliance.

• 3–5 years of mortgage loan processing experience in high‑volume environments.
• Experience with credit unions or mortgage lenders preferred.
• Strong ability to identify borrower documents and determine documentation needs.
• Deep understanding of Fannie Mae and Freddie Mac standards.
• Experience processing conventional purchase loans.
• VA and FHA loan experience, including knowledge of VA funding fees and COEs.

• Pay range: $25.00 – $25.00 per hour.
• Medical, dental & vision.
• Critical Illness, Accident, and Hospital.
• 401(k) Retirement Plan – pre‑tax and Roth post‑tax contributions available.
• Life Insurance (Voluntary Life & AD&D).
• Short and long‑term disability.
• Health Spending Account (HSA).
• Transportation benefits.
• Employee Assistance Program.
• Time Off/Leave (PTO, Vacation or Sick Leave).

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.