Description
Position title: Senior Loan Processor (REMOTE)
Location: Midlands, South Carolina
Work Schedule: At least two weeks onsite for training, then occasional onsite work (for remote candidates). Must live within driving distance of Columbia, SC. Hybrid schedule is preferred for local candidates).
As a Senior Loan Processor, you'll be the key point of contact for gathering essential documentation to support the loan underwriting process. This includes ordering third-party reports, staying in clear and professional communication with both customers and loan officers, and ensuring all required disclosures are provided in compliance with local, state, and federal regulations. You'll help make the loan process smooth and efficient, delivering excellent customer service every step of the way.
Duties & Responsibilities
- Assist in the training of new loan processors and other department personnel.
- Manage an active pipeline of up to 25 loans by reports within allotted turn-around times
- Review mortgage loan applications received and supporting documentation for completeness and consistency with the information indicated in the loan origination system (LOS).
- Input missing or modified information into the Bank’s LOS.
- Communicate discrepancies with information and documentation requirements with the loan officer.
- Review loans for compliance within RESPA, TIL, Integrated Disclosure, HMDA, Reg. B, etc. (all mortgage related regulations).
- Prepare proper disclosures as required by regulations.
- Issue initial disclosures and subsequent re-disclosures to borrowers in accordance with established policies and procedures.
- Obtain and assemble a complete loan package in proper order for underwriting, to include the following: Complete credit and appraisal analysis for the loan to ensure compliance with product guidelines.
- Direct communicate with Loan Originator, borrower(s), Realtor, underwriter and closer in order to obtain initial and missing documentation required to qualify for the loan, including but not limited to income information, asset information, credit authorization, trust agreements, purchase agreements.
- Communicate with various companies to obtain the appraisal, property survey, flood certificate, title commitment, hazard/flood insurance and payoff information.
- Verify vendor orders are complete and invoices received, and all are in the applicant’s file.
- Determine deadlines required to ensure the loan closes within the Purchase and Sale Agreement, rate lock and delivery requirements.
- Schedule and prepare approved loans for closing, including the preparation of the initial Closing Disclosure, and obtain post-closing and quality control conditions as required.
- Assist closing, post-closing, secondary and servicing teams with outstanding suspense items after loan closing.
Requirements
- Education and/or experience equivalent to an Associate’s degree in Business or Accounting
- Minimum of 3-4 years’ experience in residential mortgage processing, loan analyst, processing assistant or loan officer assistant is preferred.
- General knowledge of all mortgage and consumer lending documents, practices and regulations. (Specific knowledge of RESPA, TIL and Integrated Disclosure guidelines).
- Ability to work with autonomy.
- Ability to work in a fast-paced environment while handling a full caseload of submissions of purchase, refinance and construction-to-permanent loans with finite lock periods.
- Excellent follow-up, problem solving and analytical skills.
- Excellent written and verbal communication skills.
- Proficiency in various computer software programs including Microsoft Office, database management and other business applications.
- Authorization to work for any employer in the US without current or future sponsorship.
Long term contact with opportunity for renewals or permanent employment. Great team, competitive hourly rate, paid holidays, and much more!