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Senior Loan Processor
Ref No.: 18-05540
Location: New York, New York
Position Type:Direct Placement
Pay Rate : $ 60,000.00 - 65,000.00 /Year
Senior Loan Processor

Senior Loan Processor Job Functions:
  • Work effectively with clients, assist Loan Officers and process files simultaneously
  • Receive mortgage applications from Loan Officer and review all imputed information in Encompass to verify accuracy of the data to properly send initial and final disclosures to the applicant, order flood certifications and fraud guard reports;
  • Review files submitted to verify that all the required documentation needed has been supplied to submit the file to obtain an AUS approval and submit to Underwriting Dept.;
  • Upon receipt of file from underwriter whether suspended or approved, work closely with Loan Officer to obtain and review all documentation received by applicants as requested by the Underwriter;
  • Verify with third parties such as employers, banking institutions, credit bureaus and any other sources to make sure all information provided is accurate;
  • Prepare all documentation for the submission of final credit clearance to the underwriter;
  • Provide feedback to management on loan activities based on loan level reporting.
Senior Loan Processor Job Requirements:
  • Minimum of 3 years of mortgage lending processing experience
  • MUST HAVE Encompass software experience
  • MUST HAVE banking experience
  • Must have current Conventional, FHA and VA Mortgage Lending experience
  • Able to accurately process first mortgage loans; Client, Freddie Mac, VA and FHA
  • Must have analytical and auditing skills as well as a firm grasp on math
  • Proficiency in calculating self-employment income and DTI ratios
  • Must have knowledge pertaining to the regulations governing mortgage lending
  • Knowledge of broker processes and guidelines for any loans that may be sent to an acceptable broker
  • Must have experience in automated underwriting systems such as DU and LP