The Loan Processor is a mortgage professional who thrives in a fast-paced environment supporting both the origination and operations functions of residential conventional and government mortgages while providing the highest level of customer service without losing sight of compliance. The Retention Loan Processor reports to the Processing Manager with a close working relationship with the Vice President of Loan Retention. The Processor II also works closely with document technicians, loan officers, loan processors, and closers to assist with ordering support services and gathering documentation necessary for final loan processing and approval.
Orders credit reports; independently structures loan options and submits loans to appropriate automated underwriting system.
Evaluates AUS findings and requests required documentation from borrowers.
Reviews and properly interprets appraisal reports, title reports and other collateral documentation
Reviews AUS conditions obtained and matches conditions to findings
Responsible to ensure loan origination system is properly updated
Submits complete file to Underwriter for final review and underwriting
Clears all prior-to-doc and prior-to-funding conditions
Order and retrieve 3rd party services and review mortgage relevant documents
Exhibit a high level of comfort with heavy phone volume throughout the course of a day.
Keep informed of trends and developments in the local real estate market, as well as the changing rules and regulations that pertain to both private and government-insured mortgages
Incumbent will be responsible for meeting RoundPoint’s commitment to compliance
An Associate’s Degree, as well as strong organization, attention to detail and Microsoft Office skills, at an intermediate level is preferred
5+ Mortgage Sales or Operations experience preferred
Must have ability to verify all elements of a 1003, credit report, title quotes, tax certs, AUS and mortgage Insurance
Experience with Encompass Preferred
Working knowledge of conventional and government loan programs
Must be able to keep up to date on regulation changes- knowledge may be gained through coursework and on-the-job training. Extended and weekend work hours may be required
RoundPoint’s Employee Value Proposition:Grow, make a difference, and have fun along the way!
Our mission is to serve our homeowners and all of their homeownership needs. We do this by embracing challenges, executing with excellence, and fostering a positive work culture that encourages personal and professional growth. We are on the fast track to becoming the premier marketplace for all things home, and the National Mortgage News and Best Companies Group just named us one of 2019's Best Mortgage Companies to Work For! Without a doubt, RoundPointers are what make this company a great place to work! That’s why we hire individuals who share our core values: Energy, Ethics, Execution, Everyone, and Earn it!
As a RoundPointer, we will empower you to innovate, provide meaningful solutions, set goals and crush them, play hard, and give back to the community! Our secret sauce is our mantra, All In. All Win. Together, we can achieve great things!
Physical Demands & Working Conditions:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:
The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.
The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.