Loan Processor III

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Guild Mortgage

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1960

🏗️ Construction

💸 Finance

🏠 Real Estate

Construction • Finance • Real Estate

Guild Mortgage is a U. S. -based mortgage lender and loan servicer that provides a wide range of home financing products and services to consumers and business partners. The company offers purchase and refinance mortgages, including conventional, FHA, VA, USDA, jumbo, renovation, construction, reverse mortgages, HELOCs, and specialty programs and down-payment assistance. Guild Mortgage operates nationwide through local branches and loan officers, supports borrowers with servicing and online account management, and partners with builders, real estate agents, title agents, and correspondents.

📋 Description

• Process and pre-underwrite conventional, FHA, VA and Bond mortgage loans for compliance with Company, investor and government standards • Achieve production and quality metrics • Serve as liaison between loan officer, borrower, underwriter and funding • Prepare and review loan files for completeness, supporting documentation and underwriting/investor compliance • Monitor loan processing cycle time and resolve issues that could delay closing • Analyze loan-to-value ratio, debt-to-income ratio, credit reports, applications, income, assets and down-payment sources to identify fraud or misrepresentation • Order and review third-party documentation including credit checks, title reports, appraisals, tax returns and employment/assets verifications • Stay current with federal and state regulations, policies and industry trends • Check ratios and verify AUS findings and program applicability • Review documentation integrity and submit loan files to underwriting • Identify qualifying and program issues and restructure loans as needed • Provide program options and recommendations within guidelines • Update and verify system data • Obtain and verify clearance of underwriting conditions and prepare files for Closing • Order generation of loan documents • Coach and guide less experienced Processors • Compose professional correspondence and emails using templates • Provide status updates to Loan Officers and borrowers

🎯 Requirements

• High school diploma or equivalent required • College courses or technical training related to Business, Finance/Accounting, Legal, or related field preferred • Five or more years of experience as a Loan Processor • Preferably experience processing conventional and FHA loans • At least two years of experience processing VA and Bond mortgage loans • Expert knowledge of mortgage lending processes, controls, and federal, state and regulatory requirements • Expert knowledge of conventional, FHA, VA and Bond mortgage products, program guidelines, approval conditions and investor guidelines • Expert knowledge of new construction documentation and condominium projects • Expert knowledge of documentation for consumer mortgage applications, including complex tax returns, financial statements, income and deposit verification • Ability to evaluate facts and data, draw conclusions and assess downstream impacts and risks • Ability to prioritize multiple tasks in a deadline-driven, metrics-driven environment • Excellent verbal, written, interpersonal and customer service skills • Intermediate math skills • Strong attention to detail and organization • Experience with internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs • Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs and third-party software applications • Ability to exercise independent judgment and discretion • Ability to provide guidance to less experienced team members • Ability to use a computer keyboard and mouse frequently • Ability to accurately interpret audio and visual information

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • AD&D • LTD • 401(k) with employer match • Eligibility for incentive compensation • Pleasant work environment • Competitive compensation • Remote work arrangement