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AN
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
Processor
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Based on New Jersey 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.
$47,579 / year median in New Jersey
-28% projected decline
Job Description
AnnieMac Home Mortgage is looking to hire a Full Time Processor to be responsible for the processing of conventional, FHA, VA, and/or USDA loans as in accordance with all company, investor, and insurer guidelines. Candidates should have experience directly related to the Mortgage Industry. Under the direct supervision of Operations Management, the job responsibilities of the Processor position include, but are not limited, to the following: Enter all data on new loans as received into the computer system as needed for initial submission through the appropriate Loan Origination System (LOS). Maintain an open line of communication with the borrowers, loan originator, underwriter, realtor, and/or builder throughout the entire process assisting each as needed. Monitor all incoming mail and documents for verification information on data used to obtain any loan approval. Log all incoming data into the LOS for tracking purposes. Register loans and obtain FHA and VA I.D. numbers, as applicable. Order credit report and private mortgage insurance from Company approved service providers, as required, by the loan approval. Order, obtain, review, and approve any required appraisal documentation from a Company approved appraiser, as required by Company or investor guidelines for the product under which the loan was originated/approved. Prepare all loans approved for closing by collecting/obtaining all information/documentation required to clear any underwriting approval conditions. Obtain any clear/satisfactory certifications required by the loan approval, property type, investor/insurer guidelines and/or appraisal. Notify Closing Department of all loans scheduled to close and supply them with the file at least 48 hours prior to the scheduled date. When loans are scheduled for closing, responsible for delivering a completed package to Closing Department to ensure approved credit package has the appropriate information. Complete all Company mandatory trainings within the required timelines. Ensure Documents to Closing within 48