Mortgage Loan Partner II

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🤠 Texas – Remote

🤠 Texas – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🪙 Affiliate Manager

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Waterstone Mortgage Corporation

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2000

🏦 Banking

🏠 Real Estate

Banking • Real Estate

Waterstone Mortgage Corporation is a residential mortgage lender and wholly owned subsidiary of WaterStone Bank SSB that provides home purchase loans, refinances, reverse mortgages, construction/permanent financing and related borrower and realtor tools. The company focuses on guiding first-time and repeat homebuyers through the mortgage process with local loan originators, online calculators, educational resources, and partner services for real estate agents and builders. Waterstone emphasizes a streamlined origination process, community engagement, and a full suite of consumer mortgage products.

📋 Description

• Function as the primary contact and liaison between clients and the Branch Manager/Loan Originator. • Serve as the primary operational partner to a dedicated Loan Originator, helping manage the business from application through closing. • Leverage strong knowledge of VA lending guidelines to structure and support VA loan transactions. • Review, structure, and submit complete loan applications, analyzing income, assets, credit, and cash flow to prepare high-quality preapprovals. • As part of the sales team, this individual is responsible for requesting/obtaining referrals from all WMC clients, current and potential along with sales partners. • Partner closely with the Loan Originator and Loan Processor to proactively manage the loan pipeline from application through closing, ensuring milestones and deadlines are met. • Responsible for submitting complete loan applications for each customer file. • Prepare accurate preapprovals, quote rates, and lock loans in accordance with company guidelines. • Track all requested documents in Encompass. • Review documentation received within 24 hours of receipt for discrepancies, omitted data, verified income calculation, asset verification, and Encompass updates based on verified information. • Respond to customer inquiries and other related parties on a transaction as needed in a timely fashion. • Run Automated Underwriting (DU/LP), review findings, identify required documentation, and ensure loan data accurately reflects underwriting results. • Order Title Commitments, Appraisal and Flood Insurance on the file. • Responsible for meeting deadline dates on the loan contracts along with rate lock expiration dates. • Ensure files are complete and set up in accordance with WMC policy and procedures. • Manage the full pipeline for a dedicated Loan Originator, ensuring an exceptional borrower experience from application through closing. • Reviews approved mortgage loans to determine conditions that must be met prior to closing.

🎯 Requirements

• A high school diploma or general education degree (GED) is required • A minimum of four years of experience in a Loan Partner, Loan Processing, or Mortgage Underwriting role is preferred • Previous experience with VA home loans is required • Experience reviewing and structuring loan files, preparing preapprovals, and managing loans from application through closing is strongly preferred • Proficient knowledge in Microsoft Office is required • Prior experience on Encompass LOS system or other mortgage processing software is required • A federal registration through Nationwide Mortgage Licensing System (NMLS) is required.

🏖️ Benefits

• Health insurance • Flexible work arrangements