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Guild Mortgage · 20 hours ago

Loan Processor I

Alexandria, Louisiana, United States

Full-time

Onsite

Entry Level

$18.18/hr - $22.72/hr

1+ years exp

Guild Mortgage Company is a mortgage banking firm dedicated to serving homeowners and buyers. The Loan Processor I is responsible for processing residential mortgage loans, ensuring compliance with guidelines, and coordinating communication among stakeholders to facilitate timely loan closings.

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

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

Use and modify templates to compose professional correspondence and emails

Provide status updates to Loan Officers and/or borrowers

Stay current with federal and state regulations and industry guidelines

Qualification

Loan processing experienceConventional loansDocumentation verificationData entry systemsMicrosoft WordExcelCustomer service skillsDetail orientationMath skillsInterpersonal skillsVerbal communicationWritten communicationOrganizational 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 one or more years' experience with processing loans or assisting in loan processing

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

General 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 loans

Thorough knowledge of conventional loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines

General 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