Loan Processor

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Job Description: 

Prepare and process Conventional and Government (FHA/VA) mortgage loans under various loan programs. The Loan Coordinator / Sr. Loan Processor will be responsible for performing a variety of loan documentation duties as necessary for the loan process, per Point Mortgage Policies and Procedures; ability to meet Close of Escrow dates and rate lock.

Duties and Responsibilities:

  • Conduct thorough review and evaluation of borrower credit loan file, along with, but not limited to, income documentation / income calculation worksheet, employment verification, and assets documentation. Proactive in checking documentation for accuracy and potential red flags.
  • Review AUS findings and confirm with borrower documentation received for loan submission criteria.
  • Full knowledge of regulatory and compliance guidelines, particularly GFE, TIL, and
  • Estimated HUD (Loan Estimate and Closing Disclosure effective 10/3/15) . Ability to re- disclose and complete Change in Circumstance when necessary, meeting necessary disclosure waiting periods.
  • Request, review and balance HUD (Closing Disclosure effective 10/3/15) prior to closing.
  • Subject matter expert on FHA & VA guidelines specific to borrower eligibility, mortgage history, appraisal, and cash requirements.
  • Ability to pull FHA Case Number and CAIVRS, Order Certificate of Eligibility.
  • Order / request credit supplements, appraisal revisions, title & escrow documents as necessary, SSA verification, flood cert, and 4506-T verification.
  • Obtain escrow documents as necessary, including vesting amendment, payoff demands, purchase addendums, and updated hazard insurance.
  • Analyze underwriting conditions and obtain necessary items required, including Mortgage
  • Insurance submission and certification, and obtain necessary flood insurance per NFIP and investor requirements.
  • Communicate with appropriate parties to satisfy underwriting conditions: VOD, VOE, etc.
  • Review and satisfy prior to funding and post-closing conditions when required.
  • Maintain excellent customer service with internal and external clients.
  • Maintain professional working relationship and transparent communication with direct manager, Underwriter, Loan Officer and Loan Officer Assistant.
  • Maintain a high degree of confidentiality.
  • Maintain consistent and satisfactory attendance.

Position Requirements

  • At least 5+ years Sr. Loan Processing experience.
  • Knowledge of Fannie Mae, Freddie Mac, FHA/VA loan process and standard guidelines.
  • Proficient with mortgage operating systems, preferably Encompass.
  • Experience with Paperless and E-Documents.
  • Ability to multi task and shift priorities.
  • Flexibility to work in a high volume, fast paced environment.
Location: Chula Vista, CA
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