Hope Enterprise Corporation · 1 day ago
Mortgage Loan Processor
Birmingham, AL
Full-time
Hybrid
Mid Level
3+ years expHope Enterprise Corporation provides financial services and advocacy to strengthen the financial health of under-resourced communities in the Deep South. The Mortgage Loan Processor is responsible for processing loan files, verifying applicant information, and ensuring compliance with mortgage lending regulations to facilitate the closing of loans.
CommunitiesFinancial ServicesNon Profit
No H1B
Responsibilities
Review the file received from the loan officer for necessary documentation and disclosures
Collecting and verifying the necessary information and documents for a loan application, such as income verification, bank statements, tax returns, appraisal, etc
Thorough knowledge and understanding of agency (Fannie Mae, Freddie Mac) and portfolio guidelines
Knowledge of federal and state mortgage lending regulations
Review the file input in mortgage software and any grant-specific software
Ability to adhere to tight deadlines and work effectively under pressure
Follow-up on any documentation that has not been received, including ordering the appraisal, FHA/VA case numbers, and alternative documentation if required, etc
Follow-up on any grant-specific documentation that is needed
Order Credit Alert Interactive Voice Response System (CAIVRS), check Limited Denial of Participation (LDP)/General Services Administration (GSA) exclusionary lists
Evaluate documentation received for correctness and completeness
Prepare and submit all loan files to the loan underwriter for a credit decision
Complete information necessary for the closing of the loan by making sure the closing date is on the shared calendar, flood certifications are in the file, and evidence of all insurances (HOI, wind/hail, flood, etc.). Checking all insurance policies for adherence to product guidelines
Follow up on any additional requirements or conditions requested by the loan underwriter
Provide excellent internal and external customer service
Create strong and lasting relationships with clients and referral partners
Ability to work collaboratively and as a liaison for the loan officer, underwriter, closer, settlement agent, and real estate agent (if applicable) on all loan files
Perform general administrative duties such as attending meetings, report production, etc
Complete all tracking data of the loan file in the mortgage loan software
Communicate effectively with the loan officer throughout the loan cycle to ensure closing deadlines are met
Work with other departments as needed on projects related to the mission of HOPE
Qualification
Required
A minimum of three years of recent experience in residential mortgage loan processing
Preferred
Demonstrated strength in the ability to manage multiple projects at once while maintaining appropriate attention to details
A bachelor's degree in finance or a relevant field is preferred
Benefits
Paid Vacation and Sick Time
11 Paid Holidays
401(k) with Company Match
Medical, Dental, and Vision Benefits
Flexible Spending Account (FSA)
Disability Benefits
Life Insurance, Critical Illness, Accident
Employee Assistance Program (EAP)
Tuition Reimbursement, Professional Development
Company
Hope Enterprise Corporation
Hope Enterprise Corporation provides community lending, small business financing, housing support, and financial services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Bill Bynum
CEO
Cassandra Williams
Executive Vice President, Chief Program Officer
Company data provided by crunchbase