Loan Processor

Bay Equity Plainfield , IL 60544

Posted 2 months ago

Bay Equity is a full-service retail mortgage lending institution headquartered in Sausalito. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area. Bay Equity also has operations centers in Concord, California; Portland, Oregon; Tacoma, Washington and Everett, Washington and 74 retail branch offices.

We are hiring for a Loan Processor in our Plainfield, Illinois Branch.

Duties and Responsibilities:

  • Review loan application to determine the completeness of all documents and verify the borrows qualification for specified loan product

  • Advise loan officer of any deficiencies or missing documentation

  • Works with escrow to obtain all items necessary for disclosure e.g. estimated HUD, preliminary title report, closing protection letter and wire instructions

  • Prepares GFE, TIL, fee worksheet and all disclosures, orders appraisal and run credit

  • Package and submit complete files to operations through Encompass program

  • Upon receipt of loan approval, works with the loan officer, loan coordinator, and escrow officer to clear all prior to doc conditions and funding conditions

  • Prepares doc request and submits to loan coordinator

  • Arranges signing for borrower with escrow officer

  • Works with funder, loan officer and escrow officer to clear funding conditions

Minimum Requirements:

  • Minimum 3 years recent/current mortgage loan processing experience

  • Experience utilizing Encompass mortgage software required

  • Must have experience processing government FHA and VA loans

  • Must have experience processing conventional and non-conforming loans

  • Ability to work collaboratively with others

  • Excellent communication skills

  • Strong customer service skills

  • Ability to multi-task and use deductive reasoning

  • Knowledge of Encompass, Fannie Mae (DU) and Freddie Mac (LP)

We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and paid time off. Competitive based salary plus per file closed bonus opportunity. This is a full-time position with enormous growth potential in an expanding company.

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Loan Processor

Bay Equity