Job Summary
The Processor is responsible for the administrative and processing aspects of residential loan applications and loan files prior to approval by an Underwriter. This role includes gathering and reviewing all loan documentation necessary to submit a loan that meets agency guidelines, compliance regulations, and company standards. The Processor ensures the timely and compliant flow of loans through the mortgage process, from application to underwriting approval.
Responsibilities
- Review each loan file to ensure application data is complete and meets standards, including mortgage type and amount, borrower income, assets, liabilities, and property details.
- Set up loan files in the loan origination system (Encompass) and ensure all required documents are uploaded and properly indexed.
- Order and review verifications, appraisals, title work, and compliance reports to ensure accuracy and resolve any discrepancies.
- Ensure that all loan documentation complies with regulatory requirements (e.g., RESPA, TRID) and company policies.
- Stay current on mortgage guidelines, regulations, and investor requirements.
- Manage the loan process through the mortgage software system, ensuring that all required documentation is obtained and reviewed.
- Submit loan files for underwriting approval, ensuring all conditions and requirements are met.
- Review and resolve any underwriting conditions or discrepancies prior to final loan approval.
- Serve as a liaison between the customer, loan officer, and underwriter to obtain additional information or resolve issues.
- Communicate with borrowers, underwriters, and loan officers to assemble files for underwriting and ensure timely processing.
- Maintain a pipeline of loans and ensure the timely and compliant flow of loans to closing.
Technical Skills
- Knowledge of Encompass for loan origination, document management, and pipeline tracking.
- Ability to organize, index, and manage loan documents in digital systems.
- Familiarity with mortgage regulations, including RESPA, TRID, and FHA/VA guidelines.
- Ability to analyze credit reports, appraisals, and income documentation for accuracy and compliance.
- Experience with tools such as Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Prospector (LP).
Minimum Job Requirements
- Understanding of mortgage loan types, including conventional, FHA, VA, and other loan products.
- Knowledge of the mortgage lifecycle, from application to closing
- Familiarity with federal and state mortgage regulations, including RESPA, TRID, and HMDA.
- Ability to ensure compliance with investor guidelines and corporate policies.
- Ability to review and verify borrower documentation, including income, assets, credit reports, and property details.
- Experience with loan documentation requirements for various loan types.
- Strong interpersonal skills to effectively communicate with loan officers, underwriters, and borrowers.
- Ability to identify and resolve discrepancies in loan files.
- Strong analytical skills to evaluate loan documentation and ensure accuracy prior to submission.
- Ability to manage multiple loan files simultaneously while meeting tight deadlines.
Benefits
- Competitive salary
- Career path
- Monday to Friday schedule
- US and MX Holidays
- 26 % Savings fund (13% employee and 13% Company)
- Minor Medical Expenses
- Law benefits , vacation premium, Christmas bonus
After the 6th month, you are eligible to:
- 30 days of Christmas Bonus
- 100 % of vacation premium
Job Type: Full-time
Pay: $23,000.00 - $25,000.00 per month
Work Location: In person
Application Deadline: 15/08/2025
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