Loan Processor

🔥 4 minutes ago

⛰️ Colorado – Remote

⛰️ Colorado – Remote

💵 $60k - $80k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

✨ Loan Processor

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Universal Lending

WebsiteLinkedInAll Job Openings

11 - 50 employees

💸 Finance

🏠 Real Estate

Finance • Real Estate

Universal Lending Corporation is a nearly 40-year-old mortgage lender focused on personalized, consumer-facing home loan services. ULC provides mortgage origination, pre-qualification, digital application and document tools, borrower resources (first-time homebuyer guidance, loan type education, budgeting), and a ‘Pathway to a New Home’ program for Risewell Homes customers. As an affiliated lender to Risewell Homes, ULC offers integrated financing for homebuyers across Risewell communities and is licensed in multiple U. S. states (NMLS ID 2996).

📋 Description

• Plays a key role in delivering a smooth and positive mortgage experience for customers • Responsible for reviewing, verifying, and preparing complete loan files for Underwriting and Closing • Acts as the central point of communication between loan officers, assistants, builders, real estate partners, and customers • Maintains knowledge of all policies and modifications to the guidelines and standards of the company • Maintains and updates loan application information within loan origination software and other applications • Orders appraisals, title, survey, verifications, and any other items required for loan approval • Conducts regular follow-ups with outside sources regarding outstanding documents • Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed • Documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines • Calculates income, reviews assets and liabilities • Reviews all disclosures for completeness and compliance • Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions • Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer • Maintains accurate pipeline to ensure proper projections, and closing dates • May prepare, when applicable, Adverse Action letters • Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify • May schedule closing appointments with respective parties • Meets customer service standards as outlined by management • Updates loan officer, loan officer assistant, realtors, builders and customers on loan status • Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements • Senior Processors may provide training and guidance to other Processors on the team.

🎯 Requirements

• Highschool diploma; or general education degree (GED) required • Minimum 5 Years mortgage banking experience as a processor or junior processor, required • Must have working knowledge of Fannie Mae/Freddie Mac and FHA/VA policies and guidelines, and Regulatory Mortgage Compliance • Must have working knowledge of Encompass or other LOS systems • Proficient in Excel, Word, and Outlook, with the ability to learn other mortgage-related programs • Excellent written and verbal communication skills • Excellent organizational and time management skills • Demonstrated ability to interact effectively with others both internal and external • Demonstrated judgment and decision-making ability • Ability to work overtime, when necessary.

🏖️ Benefits

• Medical • Dental • Vision