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NC
Network Capital Funding Corporation
Mortgage Loan Processor
Career Insights for Loan Processor
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Based on California data
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What they do
A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.
$48,883 / year median in California
-31% projected decline
Job Description
Mortgage Loan Processor Network Capital Funding Corporation - 3.7 Irvine, CA Job Details Full-time $53,078.19 - $63,922.12 a year 9 hours ago Benefits Health insurance Dental insurance 401(k) Vision insurance Life insurance Qualifications Customer communication Microsoft Excel Microsoft Outlook Federal Housing Administration (FHA) loans Customer service Conventional mortgage loans High school diploma or GED Bachelor's degree Customer support for financial loans Loan Origination Systems (LOS) Veterans Affairs (VA) loans Encompass Full Job Description Job description: Want to join a fast-growing company that is also recognized as Best Workplace in the Mortgage Industry with career growth potential? Network Capital has experienced explosive growth since its inception in 2002 as a leading Real Estate Finance company with offices in, Irvine, Miami, and New York. Bring your talent and join our fun, high energy, fast paced environment. INC Magazine rare Honor Roll award for Fastest Growing Companies, 6 years Fortune Magazine Best Workplaces in Financial Services & Insurance - 2020 Mortgage Executive Magazine award for Top 100 Mortgage Companies, 2 years Endorsed by Largest Mortgage Radio Show in the Nation with over 4 million weekly listeners.
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https://youtu.be/IvV82Pp0p9Q Summary:
The Senior Loan Processor oversees the documentation and submission process for mortgage loans. They serve as the main point of contact to the borrower, real estate agent, mortgage loan officer and mortgage underwriter from origination through the close of the mortgage transaction.Responsibilities:
- Provides professional and expedited customer service to borrower(s).
- Review underwriting approval and LOS for required conditions needed to move file through post-closing.
- Analyze documentation and verify qualifications.
- Reach out to customers to obtain and review items to clear underwriting conditions.
- Act as liaison between customer and internal departments
- Diligently meet company goals and deadlines
- Interact with external and internal parties to take loan from origination to funding.
- Review conditional loan approvals and handle transactions from approval to close.
- Prepare loan files in LOS for accurate figures at a time of closing.
- Schedule closing and coordinates notary with title
- Ensuring loan documents are prepared.
- Validate all income and employment verification.
Qualifications:
- 3 years minimum experience processing loans (Conventional, FHA, VA, Jumbo., Purchase)
- Ability to calculate income and restructure loan files as needed.
- Motivated individual with a strong send of urgency
- Experience with Encompass 360
- Flexible and adaptable, learns quickly in a fast-paced environment.
- Superior customer service with the ability to communicate in a professional manner both written and verbal to borrowers.
- Proficient in Microsoft Word, Excel, and Outlook
- Ability to multitask and operate independently.