Mortgage Processor

Base pay range

$30.00/hr - $32.00/hr

Wayne, NJ 07470 (4 Days onsite; one remote)

Contract

$30-$32/hr on W2

The Mortgage Processor is responsible for the end-to-end collection, verification, and entry of all documentation required to render a credit decision. You will act as a key liaison between applicants, consultants, and underwriters to ensure high credit quality and timely loan closings.

• Manage an assigned pipeline of loans, ensuring all contingency and closing dates are met.
• Maintain accurate "General Comments" logs for all loan activity.
• Organize and prepare the entire loan file for final submission to the Underwriter.
• Order and review appraisals, flood certifications, and credit scores.
• Request and verify essential documentation, including VOEs, VODs, and VOMs.
• Review received information for accuracy and update the Loan Origination System (LOS) as required.
• Prepare and mail all required regulatory disclosures.

• Score applications via automated underwriting systems and analyze decision results.
• Collaborate with Home Loan Consultants to find viable solutions for complex "deals" while maintaining high credit standards.

• Serve as the primary point of contact for applicants, Home Loan Consultants, and Assistants.
• Provide customers with regular status updates throughout the application lifecycle.

• Education: High School Diploma or GED required.
• Experience: 3–5 years of direct experience in residential mortgage processing.
• Industry Knowledge: Strong familiarity with FNMA, FHLMC, FHA, and VA underwriting guidelines.
• Technical
  
  Skills:
  
  Proficient with automated underwriting systems and basic PC applications.
• Soft Skills:
  * Excellent verbal and written communication.
• Strong customer service and pipeline management abilities.
• Ability to handle confidential materials with high ethical standards.
• Capability to manage multiple assignments simultaneously in a fast-paced environment.

Associate

Other

Loan Brokers, Banking, and Financial Services