Mortgage Loan Processor in Fairfield, NJ at Vaco

Date Posted: 9/11/2020

Job Snapshot

  • Employee Type:
  • Location:
    Fairfield, NJ
  • Job Type:
  • Experience:
    At least 4 year(s)
  • Date Posted:
  • Job ID:

Job Description

We are seeking an experienced mortgage processor with the proper qualifications listed below. Absolute offers a great work environment, with friendly staff and a competitive bonus schedules designed to assist you in reaching your financial goals.

Required Skills:

  • Evaluate and assess residential mortgage loan applications as assigned. Verify the information identified in the loan origination system.
  • Identify due dates required to ensure loan is complete and ready for closing.
  • Review supporting documentation for completeness and consistency with the information indicated on the loan application.
  • Communicate discrepancies with information and documentation requirements with loan officer.
  • Determine deadlines required to ensure loan closes within the Purchase and Sale Agreement, rate lock and Investor delivery requirements.
  • Contact vendors assigned to the loan application to obtain status of required documentation such as appraisal companies, flood certification companies and attorney's/title companies.
  • Run DU or LP underwriting engine as appropriate. Compare findings with loan file documentation and collect additional documentation as needed.
  • Identify any change of circumstance and prepare and deliver any required re-disclosures.
  • Image and accurately organize all file documentation to comply with company and industry standards.
  • Submits loan file for underwriting approval.

Required experience:

• Recent Mortgage processing: 2 years +

• General Understanding of TILA / RESPA Integrated Disclosure (TRID).

• High School Diploma or Equivalent

• Guideline Knowledge

• Communicating with Borrowers and Loan Officers