Mortgage Loan Partner II

SUMMARY:

If youre an experienced Loan Processor or Underwriter with strong VA lending knowledge and enjoy taking ownership of the mortgage process this may be the opportunity for you. As a dedicated partner to a Loan Originator youll play a key role in reviewing and structuring loan applications preparing accurate preapprovals and managing the loan pipeline through closing. Success in this role requires strong communication attention to detail sound loan knowledge and a commitment to delivering an exceptional experience for borrowers and business partners.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Functionastheprimarycontactandliaisonbetweenclients and the BranchManager/Loan Originator.
• Serve as the primary operational partner to a dedicated Loan Originator helping manage the business from application through closing.
• Leverage strong knowledge of VA lending guidelines to structure and support VA loan transactions.

• Review structure and submit complete loan applications analyzing income assets credit and cash flow to prepare high-quality preapprovals.
• Aspartofthesalesteamthisindividualisresponsibleforrequesting/obtainingreferralsfromallWMCclientscurrentandpotentialalongwithsalespartners.

• Partner closely with the Loan Originator and Loan Processor to proactively manage the loan pipeline from application through closing ensuring milestones and deadlines are met.
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• Prepare accurate preapprovals quote rates and lock loans in accordance with company guidelines.
• TrackallrequesteddocumentsinEncompass

• Review documentation received within 24 hours of receipt for discrepancies omitted data verified income calculation asset verification and Encompass updates based on verified information.

• Respondtocustomerinquiriesandotherrelatedpartiesonatransactionasneededinatimelyfashion.

• Run Automated Underwriting (DU/LP) review findings identify required documentation and ensure loan data accurately reflects underwriting results.

• OrderTitleCommitmentsAppraisalandFloodInsuranceonthefile.

• Responsiblefor meetingdeadlinedatesontheloancontractsalongwithratelockexpirationdates.

• PartnerwithLoanOriginatorsinresolvingproblemsonfiles/documents.

• Ensurefilesarecompleteandset upinaccordancewithWMCpolicyandprocedures.

• Manage the full pipeline for a dedicated Loan Originator ensuring an exceptional borrower experience from application through closing.
• Reviews approved mortgage loans to determine conditions that must be met prior to closing. This includes but is not limited to all documentation that pertains to the loan file private mortgage insurance title hazard insurance and flood determination and other underwriting conditions as outlined by the Underwriter. Ensures that all items are cleared and proper documentation is in each file prior to completing the closed package.

• Verify accuracy and consistency of information in file to ensure closing documents are prepared according to investor/product guidelines and work closely with the Loan Processor to assure the file is ready for closing.

• Knowledgeofcurrentstatesmortgagelendinglaws

• Mustbeabletoworkunderpressure.

• Mustpossessexcellentorganizationalskills.

• Maintainstrictconfidentialityregardingcustomeraccountandotherinformation.

EDUCATIONand/orEXPERIENCE:A high school diploma or general education degree (GED) is required. A minimum of four years of experience in a Loan Partner Loan Processing or Mortgage Underwriting role is preferred. Previous experience with VA home loans is required. Experience reviewing and structuring loan files preparing preapprovals and managing loans from application through closing is strongly preferred.

COMPUTERSKILLS:Proficient knowledge in Microsoft Office is required. Prior experience on Encompass LOS system or other mortgage processing software is required DU LP and other automated engine submissions experience is preferred.

CERTIFICATESLICENSESREGISTRATIONS:AfederalregistrationthroughNationwideMortgageLicensingSystem(NMLS) in this position are not eligible to receiveloanofficer commission.