Loan Processor

*100% Remote within Florida*

Purpose

The Loan Processor will assist the borrower and production sales team in the coordination of all functions related to the processing and closing of loans.

Duties and Responsibilities

Processing/Pipeline Management

• Processors will retrieve and be responsible for assigning all docs in efolder buckets.
• Manage multi-state pipeline of loans.
• Manage key dates, for example, lock expiration, contingency date, contract date, credit doc expiration, ECOA, MDIA and other compliance related dates.
• Perform data entry to update all internal computer systems and loan files with notes regarding all actions that affect the loan in accordance with company requirements.
• Review title reports, payoffs, appraisals, income documents, hazard insurance, and all supporting conditions for required standard compliance prior to underwriter submission.
• Analysis and evaluate loan application and documents.
• Request Early CD when possible.
• Once rate is locked processor will send of change of circumstance and LE same day.

Communication

• Conduct daily review and follow-up with customers and vendors regarding outstanding items; gather necessary documentation as needed.
• Respond to business partners’ e-mails, questions and phone calls with-in two hours.
• Communicate to Regional if unable to achieve a timeline or to resolve an error.
• Communicate to Branch Manager and Loan Consultants on status/needs.
• Escalate any fraud files to Risk Management Leadership Team.
• Maintain contact with Borrower to provide status updates on weekly basis and as needed to move milestones in required turn times.

Miscellaneous

• Serve as subject matter expert (SME) regarding ABSM’s policies, procedures, products, promotions and technology.
• Complete all required ABSMU continuing education courses on time

• 3+ years of processing experience in a high volume mortgage setting, including knowledge of FHA and FNMA policies and guidelines, as well as loan processing, compliance, investor products, and underwriting guidelines
• 3+ years processing conventional, FHA, VA AND USDA
• Recent experience in Encompass required
• Ability to research guidelines and familiarity with the ""why"" behind loan documentation
• Experience with DU, DO, and LP systems
• Working knowledge of various fraud tools
• Superior Oral & Written Communication, Customer Relations, Organization, Planning, and Time Management skills
• Comfortable working in a fast paced environment with a sense of urgency

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Constantly required to sit, use hands to finger, handle, or feel, and talk or hear.
• Occasionally required to stand, walk, and reach with hands and arms.
• Occasionally lifts and/or moves up to 10 pounds.
• Specific vision abilities required by this job include close vision, color vision, and ability to adjust focus.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties. Duties, responsibilities and activities may change at any time with or without notice.