Full-Time Loan Processor - Loan Manager

Loan Processor - Sr Loan Manager

This position requires working Monday through Friday, 8 am to 5 pm EST or 9 am to 6 pm EST. The position is available as full time remote work from home for qualified candidates.

The pay rate ranges between $23 to $32/hr DOE plus the potential to earn a per file bonus.

A great opportunity for an experienced, highly detail-oriented mortgage professional with a background in processing.

The primary focus of the Loan Manager is to process loans in a timely and efficient manner to ensure a clean approval and a timely closing.

The Loan Manager must have working knowledge of FHA / VA /Conventional/ Jumbo/ USDA/ 203k and Sec 184 loan program guidelines.

They will work directly with Production Associate or Loan Officer and team to facilitate documents, as needed, for loan submission into Underwriting and then to Closing.

This position requires frequent communication with the Loan Partner, Loan Officer, Set-Up Clerk, Underwriting and Closing.

1. Review new loan submissions from Loan Officer or Approval Specialist within 48 hours of receipt.
2. Verify loan is complete with checklist and accompanying disclosures, documents, needs list, anticipated or confirmed program/investor, and etc.
3. Return any incomplete loans back to Operations Manager with explanation, so they may complete and resubmit.
4. Request any additional items needed from borrower to complete loan.
5. Order and receive VODs, VOEs, appraisal, title, and etc. as appropriate.
6. Compile and process all documents as received in a timely manner to meet projected close date.
7. Input final information as validated in Encompass and reruns AUS, as applicable, for final loan submission.
8. Submit loan to Underwriting within 24 hours of receipt of documents, as needed, for a complete loan file to obtain a clear loan approval.
9. Submit all documents needed to draw closing documents within 72 hours of closing.
10. Ensure closing instructions and documents have been released to title 72 hours before closing, ensuring a final settlement statement is issued to Loan Officer or team 48 hours prior to closing.
11. Submit complete files to Underwriting based on Investor and/or AUS requirements.
12. Clears any conditions that require communication to the title companies, appraiser, employers, surveyors, and etc.
13. Coordinate submitted files to Underwriting & Closing to meet file expectations.
14. Communicate loan approval from underwriting.
15. Pipeline Management – update and track information in Encompass with current and up to date information.
16. Must track all items ordered, received and/or still lacking.
17. Place detailed comments in the conversation log every time a file is handled.

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