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Guild Mortgage · 12 hours ago

Loan Processor II

Boulder, CO

Full-time

Onsite

Entry, Mid Level

$19.04/hr - $28.57/hr

2+ years exp

Guild Mortgage Company is a mortgage banking firm dedicated to serving homeowners and buyers since 1960. The Loan Processor II will be responsible for processing residential mortgage loans, monitoring the loan processing cycle, and ensuring compliance with underwriting and investor guidelines.

Consumer LendingLendingMortgageReal Estate

Responsibilities

Process residential mortgage loans

Achieve production and quality metrics

Liaison between loan officer, borrower, underwriter and funding

Prepare and review loan file to ensure completeness of submission and supporting documents, as well as compliance with underwriting and investor guidelines

Monitor overall loan processing cycle time to ensure the loan closes on time

Communicate and coordinate the resolution of issues that delay loan closing timeline

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

Identify potential issues and communicate to consumer and loan officer

Request supporting documentation from borrower within required timeframes

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

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

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

Stay current with federal and state regulations and industry guidelines

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

Order generation of loan documents

Use and modify templates to compose professional correspondence and emails

Provide status updates to Loan Officers and/or borrowers

Qualification

Loan ProcessingFHA/VA LoansMortgage Lending RegulationsData Entry SystemsCustomer ServiceDetail OrientationMath SkillsInterpersonal SkillsCommunication SkillsOrganizational Skills

Required

High school diploma or equivalent required

Two or more years' experience as a Loan Processor processing conventional loans

At least one year experience in processing FHA or VA loans

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

Detailed 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 and FHA or VA loans

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

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

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