Mortgage Loan Processor

Mortgage Loan Processor American First Funding Southfield, MI Job Details Per diem $48,000 - $52,000 a year 1 day ago Benefits Paid training Paid holidays Dental insurance Paid time off Vision insurance 401(k) matching Qualifications Automated underwriting system Compliance with loan regulations Insurance verification Federal Housing Administration (FHA) loans Homeowners insurance knowledge Regulatory compliance Mid-level Processing loan applications Real estate closing management Coordination (loan closing) Veterans Affairs (VA) loans Communication skills Technical Proficiency Project stakeholder communication Time management Stakeholder management Full Job Description Loan Processor - HOI & Payoffs The Mortgage Loan Processor plays a critical role in the lifecycle of our loan origination process. This individual is responsible for managing a pipeline of residential mortgage loans from initial submission through final clearance. The ideal candidate possesses advanced technical proficiency in loan processing, with specialized expertise in Homeowners Insurance (HOI) verification and Payoff coordination, ensuring strict accuracy, compliance, and timely closings.

Compensation:

$48,000 - $52,000 yearly

Responsibilities:

Manage and maintain a high-volume pipeline of mortgage loans (Conventional, FHA, VA), ensuring file progression meets established Service Level Agreements (SLAs). Serve as the primary liaison for Homeowners Insurance. Scrutinize declaration pages, verify sufficient replacement cost coverage, ensure accurate mortgagee clauses, and resolve premium discrepancies in alignment with specific lender guidelines. Execute the ordering, review, and reconciliation of payoff demands. Accurately calculate per diem interest, proactively identify shortages or overages, and coordinate seamlessly with title and escrow agents to ensure precise disbursement. Analyze conditional loan approvals and collaborate with Loan Officers and borrowers to procure necessary documentation (income, assets, credit) to satisfy underwriting stipulations. Facilitate professional, timely communication with internal stakeholders, clients, and third-party vendors regarding loan status, outstanding requirements, and clear-to-close milestones. Uphold strict compliance with all state, federal, and internal regulatory guidelines throughout the processing lifecycle, maintaining comprehensive file documentation.

Qualifications:

Preferred:

1-2 years of dedicated experience in residential mortgage processing. Demonstrable proficiency in handling complex HOI requirements and payoff calculations is strictly required. Advanced proficiency with standard Loan Origination Systems (LOS) and automated underwriting systems (DU/LP). Exceptional organizational and time-management skills, with a proven ability to manage multiple priorities and deadlines in a high-volume environment. Superior written and verbal communication capabilities, with a strong emphasis on professional client relations. About Company American First Funding (formerly Lakeview Lending LLC) is a rapidly growing brokerage committed to delivering exceptional loan services to clients. We simplify and streamline the mortgage process through strong backend support, allowing each team member to focus on their area of expertise. You'll be part of a supportive operations team that plays a critical role in ensuring timely, compliant, and smooth loan closings. With more dedicated leadership and processing teams to help get our clients cleared to close faster

What We Offer:

Competitive uncapped commission structure Brand New office in Southfield, MI Paid Training and Licensing Support in 38 states and counting! 401(k) with company match Health, Dental, and Vision Insurance Paid time off and holidays