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New American Funding · 1 week ago

Senior Processor

Full-time

Hybrid

Senior Level

5+ years exp

New American Funding is a family-owned business dedicated to helping families and individuals improve their quality of living. They are seeking an experienced Senior Loan Processor to manage loan applications and ensure accurate processing while maintaining communication with customers and loan agents.

Financial ServicesLendingMortgage

Responsibilities

Process FHA, VA, Conventional and other loan programs such as USDA, Home Equity Lines of Credit, 2nd Mortgages, Home Improvement loans, Down Payment Assistance and Bond Programs as well as Reverse Mortgages

Accurately calculate income for all types of borrowers

Communicate clearly and effectively with customers, loan agents and other third parties involved in the mortgage loan transaction

Request, review and verify all loan documents such as income, credit, appraisal and title insurance, to ensure complete and accurate information is in the file before it is sent to underwriting

Obtain verification of deposit, verification of employment, credit report

Prioritize and monitor daily workflow in order to ensure all loans are being worked on in accordance with company's timeline expectations

Maintain constant communication with customers and loan agents on status updates and/or changes to the loan

Ensure any necessary and critical changes which require redisclosure have been accurately notated and checked in the loan origination system for compliance purposes

Coordinate loan closing with customers, title companies, and loan agents

Work additional hours as needed

Other duties may be assigned

Qualification

FHA loan processingVA loan processingConventional loan processingEncompass proficiencyCompliance regulations knowledgeIncome calculationCustomer communicationWorkflow prioritizationWritten communicationOral communication

Required

5-7 years' experience processing mortgage loans

Current experience processing purchase loans

Proficient with Encompass, or other paperless mortgage loan origination systems

Understanding of all compliance regulations and investor guidelines

Demonstrate advanced product knowledge of FHA, VA, Conventional and other loan programs such as Home Equity Lines of Credit, 2nd Mortgages, Home Improvement, down payment assistance and bond programs

Demonstrate working knowledge of federal and state guidelines, rules and regulations such as TRID

Advanced ability to analyze complex tax returns accurately calculate income for all types of borrowers

Excellent written and oral communication skills

Must be able to verify identity and employment eligibility to work in the U.S