Description
Job Summary:
Responsible for effectively managing a designated pipeline of loans from application to completion, providing real-time updates, and acting as the liaison among clients, internal departments, and third-party vendors to complete each transaction. The Loan Processor is responsible for collecting required documentation and verifying the accuracy of information necessary to complete each loan, while adhering to departmental turn times and communication standards.
Responsibilities:
- Obtain and analyze information necessary to process mortgage applications, including credit reports, income documentation, assets, title work, appraisals, and any other pertinent information.
- Manage daily pipeline with an emphasis on meeting rate lock expirations, mortgage commitment dates, and departmental turn times.
- Effectively communicate loan status to all relevant parties, including borrowers and sales personnel involved in the transaction.
- Ensure compliance with disclosure requirements and meet all compliance standards.
- Accurately prepare files for closing, verifying closing dates, first payment dates, proper setup of escrow accounts, and coordinating with settlement agents for closing.
- Communicate with underwriting, docs, funding, post-closing, and other internal departments to ensure loans are completed accurately and are ready for purchase.
- Consistently update and maintain loan status within Encompass, processing denied or cancelled loans promptly to ensure accuracy in loan pipeline status.
Qualifications:
- Minimum 2-3 years of current experience in processing residential home loans (emphasis on conventional, FHA, and VA products preferred).
- Superior customer service skills with the ability to communicate real-time updates professionally through verbal or written updates.
- Working knowledge of industry regulatory requirements and available loan products.
- Working knowledge or familiarity with underwriting requirements (agency, FHA, and VA preferred).
- Experience with Microsoft Office and various computer systems (Encompass experience preferred).
Other Qualifications:
- Strong organizational, interpersonal, and time management skills.
- Ability to multitask while maintaining attention to detail and accuracy.
- Responsiveness and willingness to learn new products and programs and keep up with industry changes.
Work location:
This position requires working onsite at one of our office locations. We are seeking a loan processor to join our team at either our Ocala, FL; Lake City, FL; or Gainesville, FL offices.
Qualifications
Who We Are:
American Financial Network, Inc. “AFN” is a unique force in the mortgage market. We are one of the nation's largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks. AFN maintains speed to decision, responsive communication and flexibility through its private ownership and flat organizational structure. We are a team of dynamic, visionary and opportunistic professionals that thrive on the utilization of teamwork and technology to outperform our competition. We are driven by a vision of being a market leader through creating the ultimate standard in customer service and being consistently better by always seeking new ways to improve.
We're Proud of our Accomplishments!
- Top 100 Mortgage Companies in America in 2020 by Mortgage Executive Magazine
- 50 Best Companies to Work for by Mortgage Executive Magazine
- Top Mortgage Employer by National Mortgage Professional Magazine
- Top Mortgage Lenders by Scotsman Guide
- Most Loved Employers by National Mortgage Professional Magazine
- Honorable Culture of Well-Being Award by Cigna
- America's Fastest Growing Companies by Inc 5000
- Most Powerful Women in Mortgage and Women of Influence awarded to our EVP of Operations by National Mortgage Professional Magazine & Housing Wire Magazine
American Financial Network, Inc. (“AFN”), NMLS #237341, is an Equal Opportunity Employer.
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