Our Operations team is the grease for our wheels. We have a strong ecosystem at loan
Depot, and it all revolves around providing the tools to ensure success in every role. Our operations teams which can include Processing, Underwriting, Funding and more, are all invaluable pieces of the mortgage lending puzzle. We warrant a positive culture, promote teamwork & are continuously striving to take care of both our valued borrowers & our extraordinary employees. Come join us!
Depot - We are America's Lender.
The Loan Processor III is highly proficient processing conventional and government loans and has knowledge of all product types. They will examine, evaluate and authorize or recommend approval of customer applications for real estate loans and will be responsible for closing of loans in a timely basis.
Review loan files and determine what documentation is required to meet investor guidelines.
Communicate and respond to internal customers (Loan Consultants, Processing Managers) and external customers (borrowers, 3rd party vendors) generally within 2 hours.
Utilize pipeline reports to effectively manage loans and prioritize daily workflow
Become proficient with document management system and demonstrates exceptional data integrity where all information in system is accurate
Consult with Loan Processing Manager weekly on loan status and prioritizes workflow accordingly.
Maintain current knowledge of guidelines and loan programs.
Request, organize and process loan documentation and independently submit 18-23 files to Underwriting monthly.
Manage a pipeline of approximately 25-35 loans.
Fund approximately 20 loans per month.
Assist with mentoring new Loan Processors on team.
Act as back up to Processing Manager.
Perform other related duties as assigned and required.
Minimum 6 years loan processing experience, most of that experience with builder loans.
FHA/VA and Conventional product experience required.
Automated Underwriting (DU) experience required.
High school diploma or general education degree (GED) required.
Competitive compensation reliant on ability & experience
Excellent benefits package including multiple health, dental & vision options
Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities
401K with robust company match
15+ PTO days in addition to 8 paid company holidays
The opportunity to work for America's Lender under the vision of industry legend, Anthony Hsieh
We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.