We have a Contract opportunity with a prominent client for a Loan Processor in Fort Washington, PA.
Analyze and record all incoming documents for compliance and loan eligibility; when necessary, obtain missing documentation. If originally requested documentation is not available, determine alternate sources to satisfy underwriting requirements; also assist Processors with this duty.
Maintain open communication with customers, real estate brokers and Loan Officers to ensure proper and timely processing and submission of mortgage applications.
Input and/or update mortgage applications on PILOT.
Receive and complete setup of new incoming mortgage applications.
Send and follow up on verifications to employers, depository firms, creditors, etc.
Pre-underwrite questionable loans.
Prepare and analyze a final Loan Transmittal Summary Submission Sheet, along with all required and supportive documentation/information for the underwriter.
Prepare and review commitment letters and obtain documentation necessary to clear underwriting conditions on approvals.
Provide status reports on each mortgage indicating progress to the Loan Officers, Client Counselor, Team Leader or Processing Supervisor.
Assist the Client Counselor, Team Leader or Processing Supervisor with training of new personnel and serve as an informational resource to other employees, including answering questions on underwriting guidelines and procedures.
Act as back up for the Client Counselor, Team Leader or Processing Supervisor in their absence.
Perform various additional tasks as assigned by the Client Counselor, Team Leader or Processing Supervisor which may not be specifically listed in this position description
For immediate consideration, please forward a current copy of your Word formatted resume.