Mortgage Loan Processor LP Job Columbus area,Ohio USA,Finance & Banking

Position: Mortgage Loan Processor LP3

We are currently seeking an experienced and detail-oriented mortgage loan processor for our dynamic lending team. The ideal candidate will have years of mortgage processing experience, a can-do attitude, and a proven track record of providing solutions in the mortgage lending industry. If you are looking for an excellent position that will help you reach your financial goals, start your application today!

Compensation: $60,000 - $90,000 yearly

Qualifications

Standard Job Requirements
High school diploma or equivalent
Minimum 3 years of underwriting or processing experience
40+ hours per week commitment
Proficient in DU/DO and LP
Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.)
Strong understanding of investor guidelines
Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, One Note)
Excellent verbal and written communication skills
Strong time management ability to work under pressure
Detail-oriented with a strong sense of accountability
Team player with the ability to collaborate across corporate branches
levels
Completion of all required regulatory compliance training

Responsibilities

Pre-Underwrite
Verify that the initial loan file is complete using the pre-underwrite checklist
Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission
Return incomplete loans to LO or LP2 with a detailed list of outstanding items
Initiate ALL third-party items (or direct LP3A to do so, if applicable)
Submit high-quality loans for preliminary underwriting without over-analyzing
Post-Underwrite:
Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear
Confirm outstanding CLA items have NOT already been received before reaching out to external parties (avoid duplicate requests to borrowers)
Request conditions in layman’s terms that are easy for borrowers to understand
Thoughtfully review and submit all conditions to underwriting
Proactively communicate with LP2 (via phone or face-to-face) on better submission practices
Send all Clear to Close (CTC) requests via email to the loan team
Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)
Post-Fund:
Monitor pending closed loans for funding authorization
Clear any post-funding conditions as required
Support LO, LP1, LP2, and borrowers with any post-funding questions
Additional Responsibilities
Collaborate with the Operations Team to improve the LP2 submission checklist for efficiency
Attend Weekly Team Meetings (WTM) to review the entire loan pipeline
Log all crucial communication in the LOS Conversation Log
Build relationships with closing, funding, post-closing, and QC teams
High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor
Serve as a liaison between borrowers, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to support loan approval
Prepare and submit detailed loan packages to the lender underwriting department for approval or denial
Secure property and loan documentation to process mortgage loan files such as appraisals, inspections, title searches, site surveys, contracts, and property tax records
Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application
Ensure loan files meet lending and regulatory guidelines and policies