Place Bellingham , WA 98226
Posted 1 week ago
General Summary
Responsible for timely processing of Conventional, FHA, VA, USDA and Bond mortgage loan applications in compliance with Bank and Investor requirements. Ensure completeness of mortgage loan application and meet department service and quality standards. Prepare the loan file for underwriting. Prepare loan file by collecting, ordering, and thoroughly reviewing loan documents. You must demonstrate knowledge of current rules and regulations.
Duties and Responsibilities
The primary job duties and responsibilities of this position include but are not limited to:
Review mortgage loan application for accuracy and ensure LOS is updated appropriately
Prepare loan disclosures according to TRID regulations
May work directly with borrowers to answer questions, understand their needs, and help guide them through the loan process. Compile the required documentation pertaining to income, assets, liabilities, employment, and other areas
Confirm loan application information by ordering all verification documents
Coordinate all third-party services such as survey, appraisal, title, homeowner's insurance, etc.
Review all loan and verification documents for accuracy and update information in LOS
Calculate Income for all borrowers on loan application
Validate loan in automated underwriting systems (DU, LP or GUS)
Submit the loan file to underwriting
Review loan approval and ensure all tasks are completed and loan is on target to meet expected closing date
Proactive communication of loan status or updates to the Borrower(s), Loan Originator or Loan Originator Assistant and Third Parties
Effectively provide professional internal and external communication whether written or verbal
Continues to stay abreast of underwriting and compliance guidelines
A team player who actively seeks training opportunities, solutions to various underwriting issues and shares best practices with all team members
Collaborate with title, valuation, underwriting, closing, technology, and other support groups
Prepare mortgage loan commitment letter and denial letter if applicable
Submit all approved mortgage loan files to closing
Update various systems of record with critical loan information
Review and manage all loans in active pipeline
Additional duties and/or projects as assigned
Unlicensed associates who have borrower contact cannot quote rates, offer or negotiate the terms of a mortgage loan, take a mortgage application, or engage in any other activities that require a mortgage loan originator license.
Qualifications include:
5+ (five) years related experience as a processor, underwriter or equivalent
High School Diploma or Equivalent required
Thorough working knowledge of real estate documentation, underwriting policies, compliance, and procedures
High level of proficiency with mortgage loan processing and underwriting systems
Commitment to excellence and high standards
Excellent written and oral communication skills
Strong organizational, problem-solving, multi-tasking and analytical skills
Ability to work independently and handle multiple priorities under stringent timelines
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Acute attention to detail
Proficient on Desktop Underwriting, Loan Prospector and GUS
Experience in Encompass and Engen is preferred
Strong PC skill with experience in MS Office
Excellent customer service skills
Proven ability to handle multiple loans and meet closing dates
Good judgment with the ability to make timely and sound decisions
Demonstrated ability to pre-underwrite a loan file
Ability to effectively communicate with people at all levels and from various backgrounds
Physical Requirements
The employee must occasionally lift and/or move up to 25 pounds
Specific vision abilities required by this job include close vision
While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel; reach with hands and arms; and talk or hear
The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch or crawl
Job Type: Non-Exempt
Full-time
Part-time
Compensation:
Regular Pay is based upon prevailing minimum wage by State or Federal regulation
Supplemental Pay:
Commission Pay
Bonus Pay
Benefits: (Full-Time)
Health Insurance
Paid Time Off (PTO)
Paid Holidays
401(k)
We are an equal opportunity employer and value diversity. All employment is decided on the basis of qualifications, merit and business need. We are committed to creating an inclusive environment for all employees.
Place