Mortgage Loan Processor Job at Rapid Mortgage, Remote

QWlDTkY1d2JBb2J2TTFUMlZIRjhaYit0OUE9PQ==
  • Rapid Mortgage
  • Remote

Job Description

Job Role: 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

  • Submit loans to Underwriting within 24 hours of receipt from Processing Assistant.
  • Conduct Welcome call/email and send initial needs list to customer within 24-48 hours of receiving Conditional Approval.

Qualifications

  • 3+ years of mortgage processing experience required.
  • Proficiency with FHA, VA, USDA, Fannie Mae and Freddie Mac guidelines.
  • Ability to independently run AUS systems: DU, LP and GUS.
  • Minimum 1 year of experience with Encompass LOS required.
  • Strong understanding with TRID requirements.
  • Working knowledge of Down Payment Assistance (DPA) programs required.
  • Proficiency with Microsoft Office Suite.
  • Strong organizational skills, attention to detail and ability to manage a high-volume pipeline.
  • Positive attitude, high integrity and strong work ethic.
  • Ability to meet deadlines while exercising sound judgement and decision-making skills.

Preferred Knowledge, Skills and Abilities:

  • Confidence to process and close 25+ files per month.
  • Strong interpersonal, collaboration and organizational skills.
  • Positive attitude and strong attention to detail.
  • Ability to meet deadlines with sound judgement and prudent decision-making.
  • High level of integrity and strong work ethic.
  • Leadership experience is preferred by not required.

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

Benefits :

  • Competitive salary - please include salary requests with application
  • Health, dental, and vision insurance available day 1
  • Employer paid life insurance and LTD
  • Retirement plan
  • Paid time off and holidays
  • Opportunities for career development and advancement

Please include salary requests with application.

Job Tags

Remote job, Full time, Work at office, Immediate start,

Similar Jobs

AIT Global inc.

Communication Specialist Job at AIT Global inc.

 ...Job Title: Communication Specialist Location: Nashville, TN (Hybrid) Description: The Tennessee Department of Health (TDH), Division of Family Health and Wellness is seeking a talented and motivated contract Digital Communications Specialist to support statewide... 

YMCA of Central Texas

PreK Extended Day After School Counselor Job at YMCA of Central Texas

 ...need from you is: A Positive attitude Willingness to get paid to play That you are at least 18 years old and have a high school diploma or equivalent Able to pass a background check and drug screen Pay Rate: $13.00-$15.50/hour About Us: We are a not... 

Mt. Olympus Water & Theme Park Resort

Hotel Maintenance Technician Job at Mt. Olympus Water & Theme Park Resort

 ...Hotel Maintenance Technician The Hotel Maintenance position requires a positive attitude and the ability to problem solve on the go. This role requires a high degree of operational skills. Maintenance employees work with our guests, and must possess good interpersonal... 

MIT Lincoln Laboratory

Cyber Systems Exploitation Researcher Job at MIT Lincoln Laboratory

 ...performs software and hardware reverse engineering, vulnerability research and discovery, and system exploitation. We develop and...  ...education/training, internal equity considerations and applicable legal requirements. This range reflects base salary only and does not... 

The Sapling School

Part Time ( 3:00 pm to 6:00 pm ) Teachers Job at The Sapling School

Job Description Part Time Assistant TeachersKendall Park, NJSouth Brunswick Township, NJSapling School of South Brunswick center is looking for an assistant teachers to join our professional, hard working and friendly staff. If you are respectful of children...