Mortgage Loan Processor III

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🔥 1 minute ago

🌵 Arizona – Remote

🌵 Arizona – Remote

⏰ Full Time

🟠 Senior

🔴 Lead

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Waterstone Mortgage Corporation

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2000

💼 Consulting

🏗️ Construction

🏥 Healthcare

Consulting • Construction • Healthcare

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

• Take ownership of complex residential loan files from contract through closing • Manage the full processing lifecycle in compliance with investor and regulatory guidelines • Partner with Loan Originators, team members, Underwriters, and Closers to identify and resolve issues • Review new loan files within 24–48 hours and verify compliance disclosures • Calculate and analyze borrower income, validate assets, and update Encompass • Order and track documentation required for Automated Underwriting findings and product requirements • Prepare files for underwriting submission using investor-specific checklists • Clear approval and suspense conditions in a timely manner • Obtain and review closing documentation, including title commitments and homeowner’s insurance • Process loans to meet contract deadlines and rate lock expiration dates • Deliver complete files to the Closing Department within established timelines • Respond to borrower and third-party inquiries throughout transactions • Assist with post-closing investor exceptions • Maintain knowledge of state mortgage lending laws and regulatory requirements • Order FHA and VA case numbers through government systems and run GU • Provide cross-functional support and continuously develop customer service and industry knowledge

🎯 Requirements

• High school diploma or General Education Degree (GED) required • Minimum of 10+ years of experience processing residential mortgage loans • Experience with conventional fixed-rate and ARM products, HELOCs, and construction loans • Extensive experience processing FHA, VA, and USDA loans required • Proven experience working with multiple investors and varying investor guidelines • Proficiency with a mortgage loan origination system required • Experience with Encompass preferred • Strong organizational skills and attention to detail • Ability to calculate and analyze income for hourly, salaried, commissioned, and self-employed borrowers • Knowledge of Automated Underwriting findings and product requirements • Knowledge of current state mortgage lending laws and regulatory requirements • Knowledge of real estate compliance guidelines • Excellent customer service and professional communication skills • Must not engage in loan origination during employment with WMC

🏖️ Benefits

• Primarily remote work arrangement • Local collaboration and business support associated with the Scottsdale, Arizona branch • Equal employment opportunity protections for protected veterans and individuals with disabilities