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Guild Mortgage · 2 months ago

Loan Processor III

Cape Coral Metro

Full-time

Onsite

Mid, Senior Level

$68K/yr - $68K/yr

5+ years exp

Guild Mortgage Company has been closing loans and opening doors since 1960, dedicated to serving homeowners and buyers. The Loan Processor III is responsible for processing and pre-underwriting various mortgage loans, ensuring compliance with standards while achieving production and quality metrics.

Consumer LendingLendingMortgageReal Estate

Responsibilities

The processor is to become the contact for non-licensed activity once the loan is submitted to them

Monitor the overall lending process, and identify, resolve, and communicate issues that could impact timely closure of loans

Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation

Identify potential issues and communicate to consumer and loan officer

Order and review all third-party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues

Stay current with federal, state regulations, policies and industry trends

Check ratios and verify accuracy of AUS findings and program applicability

Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval

Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary

Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs

Update and verify accuracy of data input into system

Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc

Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing

Order generation of loan documents

Coach and provide guidance to less experienced Processors as needed

Use and modify templates to compose professional correspondence and emails

Provide status updates to Loan Officers and/or borrowers

Qualification

Loan ProcessingFHA LoansVA LoansConventional LoansRegulatory ComplianceCustomer ServiceData EntryDetail OrientationMath SkillsCommunication Skills

Required

High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred

Total recent work experience includes five or more years' experience as a Loan Processor, preferably processing conventional and FHA loans along with at least two years of experience processing VA and Bond mortgage loans

Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners

Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional, FHA, VA and Bond mortgage loans

Expert knowledge of conventional, FHA, VA and Bond mortgage loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines

Expert knowledge in new construction documentation and condominium projects

Expert knowledge of valid documentation related to processing consumer mortgage applications (e.g., complex tax returns, financial statements and records, verification of income and deposits, etc.)

Sound judgment, ability to think critically, including the ability to evaluate facts and data to draw conclusions, determine the downstream impact of decisions and associated risks

Ability to prioritize multiple tasks in a deadline-driven environment, strong sense of urgency and responsiveness

Excellent customer service, interpersonal, verbal and written communication skills

Intermediate math skills

Strong verbal and written communication skills

Strong detail orientation and highly organized

Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs