Commercial Processor (Remote) at Ignite Human Capital | Torre
Commercial Processor (Remote)
Report
Ignite Human Capital

Commercial Processor (Remote)

Ignite Human Capital
Posted by
Manuela Vargas Jaramillo
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Full-time

Legal agreement: Employment

Compensation
USD40K - 70K/year
Non-negotiable
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Hybrid (United States)
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Published almost 5 years ago

Responsibilities & more

• Process mortgage loans. Processing loans for Condos, HUD, Single Family and higher end borrowers (larger rental buildings). Liaison between loan officer, borrower, underwriter and funding. Prepare and review loan file to ensure completeness of submission and supporting documents, as well as compliance with underwriting and investor guidelines. Monitor overall loan processing cycle time to ensure the loan closes on time. Communicate and coordinate the resolution of issues that delay loan closing timeline. • Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans. • Identify potential issues and communicate to consumer and loan officer. • Request supporting documentation from borrower within required time frames. • Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues. • Check ratios, and verify accuracy of AUS findings and program applicability. • Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval. • Identify qualifying/program issues prior to submission to Underwriting. • Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs. • Update and verify accuracy of data input into system. • Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc. • Stay current with federal and state regulations and industry guidelines. • Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing. • Order generation of loan documents. • Use and modify templates to compose professional correspondence and emails. • Provide status updates to Loan Officers and/or borrowers.
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