Universal Lending · 6 days ago
Loan Processor (6)
United States
Full-time
Remote
Mid, Senior Level
$60K/yr - $80K/yr
5+ years expUniversal Lending Corporation is dedicated to providing exceptional customer service in the mortgage process. The Loan Processor is responsible for reviewing, verifying, and preparing loan files for underwriting and closing, while ensuring effective communication between all parties involved in the loan process.
Financial Services
No H1B
Responsibilities
Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers
Maintains and updates loan application information within loan origination software and other applications
As applicable, orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents
Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines
Calculates income, reviews assets and liabilities
Reviews all disclosures for completeness and compliance
Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions
Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer
Maintains accurate pipeline to ensure proper projections, and closing dates
May prepare, when applicable, “Adverse Action” letters. Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify
May schedule closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.) Meets customer service standards as outlined by management
Updates loan officer, loan officer assistant, realtors, builders and customers on loan status
Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements
Senior Processors may provide training and guidance to other Processors on the team
Qualification
Required
Highschool diploma; or general education degree (GED) required
Minimum 5 Years mortgage banking experience as a processor or junior processor, required
Must have working knowledge of Fannie Mae/Freddie Mac and FHA/VA policies and guidelines, and Regulatory Mortgage Compliance
Must have working knowledge of Encompass or other LOS systems
Proficient in Excel, Word, and Outlook, with the ability to learn other mortgage-related programs
Excellent written and verbal communication skills
Excellent organizational and time management skills
Demonstrated ability to interact effectively with others both internal and external
Demonstrated judgment and decision-making ability
Ability to work overtime, when necessary
A valid driver's license and active vehicle insurance is required at all times
Benefits
Medical
Dental
Vision
Company
Universal Lending
Universal Lending Corporation (ULC) was established nearly 40 years ago with a core belief: every customer deserves personalized attention throughout the mortgage process.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase