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Loan Processor

Location: Hartford
Posted on: January 11, 2022

Job Description:

Job DetailsLevelExperiencedJob LocationCT - West Hartford, CTPosition TypeFull TimeFirst World Mortgage is currently seeking a highly motivated, professional & experienced Loan Processor to join our operations team. We are growing fast and are looking for team players that are full of enthusiasm & knowledge! If you are an experienced loan processor, we have a great opportunity for you! We offer highly competitive compensation and benefit packages.DescriptionThe Loan Processor is responsible for ensuring the timely and accurate packaging of all loans originated by loan officers. The Loan Processor reviews files for completeness of submission and adherence to underwriting standards and regulatory compliance guidelines.Review files for completenessVerify accuracy of system inputAnalyze file; check ratios and program applicabilityObtain accurate Automated Underwriting System (AUS) findingsConsistent and effective communication with borrowers, loan officers and realtors regarding obtaining the required documentation for loan files and providing current status of loan files in process to all parties involved in the transactionAnalyze credit reports, returned verifications and appraisalPrioritize work flow to ensure time sensitive files are handled in proper orderSubmit files to underwriting in a timely manner in accordance with company standardsEnsure compliance with all regulatory and governmental standards, guidelines, rules and regulationsOther job duties as designated by RMSMinimum of a high school diploma and 3 - 5 years of related experience or equivalent is required.Strong knowledge of FNMA, FHLMC, FHA, VA, RD and State Housing lending guidelines and requirements.This position has familiarity with Microsoft Word/Excel/Outlook/SharePoint and the Internet. The Processor is also proficient in using Encompass and automated underwriting systems (AUS) to include DU/DO, LP and GUS REQUIRED QUALIFICATIONS INCLUDE:Extensive and comprehensive knowledge of Encompass5+ years of experience as a loan processorFamiliarity with both Desktop Underwriter and Loan ProspectorSolid knowledge base of FannieMae, FreddieMac, FHA, VA, USDA, and renovation lendingAbility to multitask frequentlyAbility to reprioritize on the flyExceptional written and verbal communication skills

Keywords: FIRST WORLD MORTGAGE CORPORATION, Hartford , Loan Processor, Other , Hartford, Connecticut

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