Mortgage Loan Processor

Loan Processor (Rapid Division)

Reports to : Processing Manager

Rapid Mortgage Company a leading financial services company dedicated to providing exceptional lending solutions to our clients. We are seeking a detail-oriented and experienced Loan Processor to join our team.

Overview : The Loan Processor is responsible for efficiently clearing all underwriting conditions while maintaining a high level of communication and organization. This role demands strong interpersonal skills, a team-oriented mindset, and the ability to manage a high-volume pipeline of 25 or more files monthly, ensuring an accurate and timely closing process.

Key Responsibilities

• File Review : Thoroughly review loan files upon receipt from Underwriting. Generate and deliver an initial needs list to borrower within 24-48 hours of conditional approval.
• Borrower Communication : Conduct a "Welcome Call" within 24 hours of receiving the conditional approval to explain outstanding conditions and next steps. Maintain ongoing borrower contact every 48 hours throughout processing.
• Condition Management : Immediately address all actionable underwriting conditions. Delegate appropriate tasks to the Processing Assistant and manage timely condition follow-up and resolution.
• Redisclose Management : Monitor daily alerts and complete redisclosures promptly and accurately according to regulatory and company guidelines.
• Pipeline Management : Prepare for and actively participate in weekly pipeline review calls with Loan Officers, updates on loan progress, outstanding issues, and projected closing timelines.
• Internal Collaboration : Work closely with Underwriting, Processing Management, and other internal teams to troubleshoot and resolve loan issues to facilitate smooth and timely closings.
• Appraisal and Title Coordination : Order and track appraisal corrections, final inspections, and work directly with title companies and insurance providers to clear title and policy issues.
• Quality Control (QC) : Respond immediately to any QC findings or conditions to ensure compliance with internal and investor standards.
• Closing Coordination : Collaborate with the Funding Team to deliver the signed Closing Disclosure (CD) in a timely manner, ensuring accurate cash-to-close figures and addressing any final changes.

Service Level Expectations

Qualifications

Preferred Knowledge, Skills and Abilities :

Work Hours : Availability required between 8 : 00 AM 6 : 00 PM EST

Benefits :

Please include salary requests with application.