Mortgage Loan Processor

Company: Alpha Mortgage Corporation
Location: Wilmington
Posted on: April 4, 2021

Job Description:

This candidate will be responsible for the entire end-to-end mortgage loan process. They will gather and process all loan documentation and ensure compliance with policy, regulatory, and loan terms. ResponsibilitiesReview each loan file to verify that documents are present, accurate, and complete before underwritingManage loan process through Encompass mortgage software systemEnsure that loan rules, obligations, and deadlines are metAudit and prepare quality files that meet closing objectivesObtain mortgage loan documentation from clientsProactively monitor closing dates and ensures loans are on track to close on timeMaintain and promote open lines of communication with all operations and sales team membersCommunicate with various third-party companies to obtain vendor information including, but not limited to, verification of employment, verification of deposit, flood certificate, title commitment, and payoff information. Verify vendor orders are completed and returned, and invoices are received and documented Be able to perform a thorough review and analysis of borrower's credit, income and assets as required by loan program to assist team When reviewing a file, be able to determine all required documentation in the file is complete and accurate and identifies any potential issues that may arise before submitting to underwriting for review Ability to review loans for compliance within RESPA, TIL, HMDA, Reg. B, etc. (all mortgage related regulations.) Prepare proper disclosures and redisclosures as required by regulations. Maintain strict confidentialityPerform other duties as assigned.Knowledge of RESPA guidelines. General knowledge of all mortgage and consumer lending regulations. Regulation Z and Regulation B requirements, and loan documents preferred. QualificationsBachelor's degree or equivalent preferred but not required with equivilant experience Previous experience with mortgage loan processing requiredKnowledge of FHA, VA, Conventional, and USDA loansEncompass experience preferredStrong analytical skills Excellent written and verbal communication skills Ability to prioritize and meet deadlines Computer Knowledge (Microsoft Outlook, Excel, Word & Windows)Knowledge of DU, LP and GUSValid Driver's License

Keywords: Alpha Mortgage Corporation, Wilmington , Mortgage Loan Processor, Other , Wilmington, North Carolina