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Loan Processor
Freedom Mortgage
Fishers, IN, United States
Job Details - this job has expired, please see similar jobs below
The Assumption/Loss Mitigation Loan Processor will underwrite for loss mitigation options - all workout types on all loan types. It will be necessary for the processor to have experience in Full Doc Conventional, VA and FHA loan processing. Other duties may be assigned.
Essential Job Functions:
• Must have experience in Mortgage Loan Processing of Full Document loans
• Initiates and maintains contact with customers throughout the processing period, assisting them with any questions and notifying them of any additional information needed.
• Verify loan documents including income, assets, credit, appraisal and title insurance.
• Verifying application for final submission to underwriting.
• Input proper loan information into the system for processing.
• Responsible for ensuring that all loan documentation is complete accurate verified and complies with company policy.
• Submits loans through DU and orders and follows up on any outside services such as credit reports, title
• Satisfies conditions and ensures documentation meets requirements
• Monitors loans in process to determine any deviation from standard processing time and to take appropriate actions including notifying the manager for alternatives to ensure timely service
• Sets and maintains proper expectations to all parties
• Establishes accurate closing date and monitors promised closing dates to meet those established. Meets standards for closing percentages of loans processed
• Performs final review of the completed application packages and prepares the file for approval, specifying any applicable conditions to the approval
• Notifies the customer of the underwriting decision
• Prepares, if applicable, the "Decline Letter" and ensures accurate disclosure of the reason(s) for the adverse action at whatever time during the processing period it is determined that applicants do not qualify
• Researches problems and files documents as required
• Must be familiar with Loss Mitigation options
• Must be knowledgeable in Mortgage Servicing
Other Related Duties:
Performs other related duties as assigned.