Residential Loan Processor

Ocean Bank is seeking a detail-oriented Residential Loan Processor to support the mortgage lending process from application through closing.

This role is responsible for reviewing and processing residential loan files collecting required documentation coordinating with borrowers loan officers underwriting and third-party vendors and ensuring all loan files comply with regulatory requirements investor guidelines and internal policies. The ideal candidate has a deep understanding of residential mortgage products and processes experience with conventional and government loan programs and the ability to manage a high-volume loan pipeline while delivering a smooth and timely borrower experience.

Requirements

1. High School Diploma or equivalent
2. 3 years of mortgage loan processing experience for conventional loans and government insured loans.
3. Experience with DU (Desktop Underwriter) LP (Loan Prospector)

Combination of education and experience will be considered.

Skills & Competencies

1. Knowledge of conventional and government lending programs guidelines as well as regulations.
2. Knowledge of underwriting guidelines and loan programs (Fannie Mae Freddie Mac FHA VA etc).
3. Knowledge and understanding of all Compliance and Legal Regulations including but not limited to Reg B. Reg Z. FACTA FCRA TILA RESPA and HMDA.
4. Must possess good organizational interpersonal and time management skills.
5. Strong communication skills.
6. Ability to manage a pipeline of 25 loans
7. Computer knowledge in MS Office Software (e.g. Excel Word and Outlook)

Preferences

• Experience working in the Encompass LOS experience or similar Loan Origination Software.

Licenses/Certifications

• None