San Antonio, TX
A leading residential mortgage company is looking for a Loan Processor III to join their team in the Harlingen area. This role will provide quality loan processing, review files for adherence to underwriting standards, and ensure completeness of submissions. This person will be a liaison between the loan office, borrower, underwriting and funding. As a level III processor, this role will be a "go to" subject matter expert when the lead/supervisor is not available.
•Monitor the overall lending process, and identify, communicate and resolve issues that could impact timely closure of loans.
•Order and review all third party documentation to identify and address potential issues.
•Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.
•Verify accuracy of AUS findings and program applicability.
•Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.
•Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary.
•Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.
•Update and verify accuracy of data input into system.
•Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
•Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
•Order generation of loan documents.
•Stay current with federal, state regulations, policies and industry trends.
•Coach and provide guidance to less experienced Processors as needed.
•Provide status updates to Loan Officers, borrowers and agents.
•High school diploma or equivalent required; college courses/technical training preferred.
•Five or more years recent work experience as a Loan Processor.
•Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.
•Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness.
•Excellent customer service, interpersonal, verbal and written communication skills
•Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending.
•Expert knowledge of conventional, FHA, VA and Bond mortgage loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.
•Expert knowledge in new construction documentation and condominium projects.
•Expert knowledge of valid documentation related to processing consumer mortgage applications (e.g., complex tax returns, financial statements and records, verification of income and deposits, etc.).
•Sound judgment, ability to think critically, including the ability to evaluate facts and data to draw conclusions, determine the downstream impact of decisions and associated risks.
•Intermediate math skills.
•Strong verbal and written communication skills.
•Strong detail orientation and highly organized.
•Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs.
Suna is creating value by bringing together the right people to achieve results is our motto. Our clients and employees say they choose to work with us because of how we work with them - with service that exceeds their expectations and a personal commitment to their success.
NOTE: Candidates that are offered a position are required to pass pre-employment drug and background screening. Qualified candidates with criminal histories, are considered in a manner that is consistent with local, state and federal laws
If you are interested in applying to this position, please send your resume to Molly Malino at firstname.lastname@example.org