Loan Processor

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OtherLoan Processor

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Quick Summary

Key Responsibilities

Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the loan program before submitting to underwriting.

Requirements Summary

High School Diploma or equivalent. Minimum of 5 years’ residential mortgage processing experience. Experience with Encompass.

Technical Tools

OtherLoan Processor

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.

What We Offer

~1 min read

The Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly with the customer and/or Loan Officer. The Loan Processor provides proper disclosures when required by applicable local, state, and federal regulations.

Responsibilities

~2 min read

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Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the loan program before submitting to underwriting.
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Assemble the complete loan package in proper order for underwriting.
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Verify all required documentation (pre-underwrite) in the file.
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Complete the required loan checklist.
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Verify that an application is complete and accurate; identify any potential issues that may arise in underwriting.
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Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on the documents; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan.
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Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures.
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Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.
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Verify that vendor orders are complete, invoices are received and in the applicant’s E-file.
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Manage pipeline by completing and submitting reports within allotted turn-around times.
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Assist set-up of loans.
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Document all communication related to the loan application in the conversation log.
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Train and assist supervision of new Loan Processors and other processing personnel.
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Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage investors.
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Available to work varying hours and overtime if needed.

Requirements

~1 min read

High School Diploma or equivalent.
Minimum of 5 years’ residential mortgage processing experience.
Experience with Encompass.
Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents, preferred.
Knowledge of DU, LP, Microsoft Office, and Windows.
Excellent math and analytical skills.
Excellent communication skills.
Excellent prioritization and time management skills.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.

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CrossCountry Mortgage, LLC offers MORE than a job, we offer a career. Apply now to begin your path to success! careersatccm.com

CrossCountry Mortgage, LLC strives to provide employees with a robust benefit package: https://mycrosscountrybenefits.com