Apply on Employer Site

Guild Mortgage · 13 hours ago

Loan Processor III, Specialty Loans

Wichita, KS

Full-time

Onsite

Senior Level

5+ years exp

Guild Mortgage Company, closing loans and opening doors since 1960, is a mortgage banking firm dedicated to providing affordable home financing. The Loan Processor III will process and pre-underwrite specialty loans, ensuring compliance with various standards and liaising between loan officers, borrowers, and underwriters to achieve production and quality metrics.

Consumer LendingLendingMortgageReal Estate

Responsibilities

Process and pre-underwrite specialty loans such as jumbo and renovation as well as conventional, FHA, VA and Bond mortgage loans to ensure compliance with Company, secondary market investor, and government agency standards

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

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

Expert knowledge of mortgage loansLoan processing experienceFederal regulationsMath skillsCustomer service skillsDetail orientationPrioritize tasksCoaching skillsData entry systemsCommunication skills

Required

High school diploma or equivalent required

Five or more years' experience as a Loan Processor, preferably processing conventional and FHA loans

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