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Loan Processor

Los Angeles, California

Job Description
The primary function of the Loan Processor is processing residential loan files, working with customers, vendors, and in-house operations from the time a complete loan file is sent to processing through to funding, to ensure the timely and accurate packaging of all loans originated by our loan officers.
Essential Functions
  • Gathers loan documents from the customer and third parties in support of the loan approval process
  • Successfully works with Loan Officers, Funders & Underwriters to ensure that files are submitted to Underwriting within expected timelines established by the company and to ensure that loan conditions are met as required in each stage of the loan process
  • Partners with Loan Officers, Funders & Underwriters to provide on-going, cohesive communication to the customer regarding loan status
  • Continually uses tools available in company LOS and investor software to check for notes and conditions required to move loan file through to funding
  • Provides assistance and takes on additional responsibilities as directed by management, as needed to efficiently and successfully complete loans within a growing organization (E.g. pull credit, run DU, provide disclosures, request loan locks, etc.)
  • Continually updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations
  • Strictly adheres to all State and Federal laws, compliance policies and guidelines and strict adherence to HMDA requirements — demonstrating a vigilant commitment to professional ethics at all times
Education and Experience
  • The ideal candidate must have a minimum of 2 years of processing experience in a Retail Mortgage environment
  • Demonstrates an understanding of mortgage processing, underwriting, closing and funding procedures
  • Strong working knowledge of current Conventional, VA, FHA, USDA, and Non-QM guidelines
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