Loan Processor

Loan Processor This position is responsible for processing first mortgages within the required timeframe. This is a hybrid role, candidate must be based in CT!Functions: Review the loan application in Encompass and update any inaccuracies based on borrower documentation, credit report, fraud report, etc. Complete an income calculation for all borrowers and prepare the file for underwriting. Make a welcome/introduction phone call to discuss the upcoming loan process and request any items that may be needed for initial submission to underwriting. Order all necessary verifications on each loan file including title report, fraud, written or verbal verification of employment, tax transcripts Work with borrower(s) to obtain conditions requested by the underwriter. Break conditions down in layman's terms. Manage pipeline to ensure critical dates are met including contingency, contract closing, and lock expiration. Monitor important expiration dates on loans in pipeline – including credit report, appraisal, income & asset documents, rate lock. Provide support to sales team. Communicate effectively with internal departments and external partners/customers.

Familiarity with all types of mortgage products and state/federal regulatory guidelines. Hours for position: M-F 9am-5pmThis position may require frequent additional hours, at times on a daily basis; must be available to work additional hours on short notice as determined by management to meet customer service and investor requirements This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. But, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.