Loan Processor
Loan Processor
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$ 35000 - 36000
1 Vacancy
Job Description
Bay Equity is a fullservice retail mortgage lending institution headquartered in Corte Madera. Inand 2021 San Francisco Business Times named Bay Equity among its Top 100 FastestGrowing Private Companies in the Bay Area.
We are hiring a Loan Processor for our 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 nonconforming loans
- Ability to work collaboratively with others
- Excellent communication skills
- Strong customer service skills
- Ability to multitask 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. Compensation based on experience and ranges from $35000 $36000/yr. plus bonus. This is a fulltime position.
Bay Equity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex disability age sexual orientation gender identity national origin veteran status or genetic information. Bay Equity is committed to providing access equal opportunity and reasonable accommodation for individuals with disabilities in employment its services programs and activities. To request reasonable accommodation contact our Human Resources Department at .
Employment Type
Full-Time
