Senior Corporate Loan Processor

Responsibilities

• Communicate with various companies to obtain vendor information including verification of employment, title commitment, and payoff information.
• Verify vendor orders are completed and returned and invoices are received and documented.
• Perform a thorough review and analysis of borrower’s credit, income, and assets as required by loan program before submitting the file to underwriting.
• Obtain a complete loan package before submitting to underwriting.
• Verify all required documentation in the file is complete and accurate and identify any potential issues that may arise before submitting to underwriting.
• Prepare a loan approval summary for missing documentation before submitting to underwriting for Loan Officer/Branch Manager to review.
• Transfer a completely documented file to the underwriter to be approved or denied.
• Directly communicate with customers to obtain missing documentation required for the loan.
• Consistently manage a pipeline of 40 active loans and fund a minimum of 27 units per month.
• Manage pipeline within allotted turn times, prioritizing loans based on the department’s Service Level Agreements (SLAs) and estimated close dates.
• Participate in branch pipeline calls, as necessary.
• Complete all training classes assigned by Cross Country Mortgage, LLC before the due date.
• Review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations).
• Prepare proper disclosures and re-disclosures as required by regulations.
• Complete required loan submission, re-submission, and closing checklists.
• Document all communication related to the loan application in the LOS system’s conversation log.
• Assist in coverage of co-worker’s pipelines when needed.
• Assist closing, secondary, and servicing to obtain documentation needed to clear outstanding suspense items for personal loans worked on and/or loans worked on from other team members.
• Modify work schedule and occasionally work overtime as needed to fulfill responsibilities based on business needs.
• Perform other duties as required.

• High School Diploma or equivalent.
• 3-5 years’ residential mortgage processing experience.
• Knowledge of RESPA guidelines, all mortgage and consumer lending regulations, Regulation Z and Regulation B requirements, and loan documents.
• Previous experience with Encompass.
• Excellent math and analytical skills.
• Excellent communication skills.
• Skilled at prioritizing to meet deadlines.
• Proficient knowledge of DU, LP, Microsoft Outlook, and Windows.