Mortgage Loan Processor
Company: Freedom Mortgage
Location: Woodbridge
Posted on: January 15, 2021
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Job Description:
The Mortgage Loan Processor is responsible for processing loan
applications in compliance with mortgage lending and applicable
investor guidelines. Performs duties such as analyzing the loan
application, assessing creditworthiness and the likelihood that a
loan applicant will be able to repay the debt, analyzing the AUS
/Guidelines as they pertain to the loan product and sales
structure, reviewing title commitments and fees, ordering
subordinations and allocating fees properly in the system.
Responsible for monitoring the loan process and managing the proper
expectations with the client and the sales staff through closing.
Based on these assessments, the Customer Advocate makes mortgage
loan recommendations for all Government and Conforming Full Doc
products. The Customer Advocate works on a blend of all products
based on pipeline management ability.Essential Job Functions
include:* Excellent Customer Service. The Customer Advocate is the
primary customer contact, and may act as liaison between the
borrower, underwriter and loan advisor. Is required to provide
periodic status updates, and timely return all incoming inquiry
calls.* Verifies, compiles, and types application information for
mortgage loans and or titles: Performs a general evaluation of the
residential loan application file to verify that application data
is complete and meets established standards, including type and
amount of mortgage, borrower assets, liabilities, and length of
employment and marital status.* Recommends that title and loan not
meeting standards be restructured or denied.* Calls specified
companies to obtain property abstract, survey, and appraisal.*
Informs supervisor of discrepancies in title or survey.* Prepares
loan for Initial Closing Disclosure issuance.* Submit to
Underwriting when Appraisal, Title and Credit are in.* Provides
quality loan processing, reviewing files for adherence to
underwriting standards, and ensuring completeness prior to
submission for underwriting for approval.* Types and mails approval
and denial letters to applicants.* Submits approved mortgage loan
file to the Mortgage Loan Closer for settlement.* Records data on
status of loans, including number of new applications and loans
approved, canceled, or denied, using computer.* Responsible for 40
loan inventory, with 20 loan closings per month.* Utilize
Appointment Model.* Provide Feedback to Loan Credit Advisor on loan
quality.* Train employees involved in the process how to handle all
products.Other Related Duties:Performs other related duties as
assigned.Supervisory Responsibilities:This job has no supervisory
responsibilities.* To perform this job successfully, an individual
must be able to perform each essential function satisfactorily. The
requirements listed below are representative of the knowledge,
skill, and/or ability required.* Outstanding communication and
customer service skills* Excellent attention to detail* Well versed
in the mortgage process flow and established SLA's* Highly skilled
on the phone, very organized and able to handle the overall
customer experience with outstanding service.Education and/or
Experience:* High school diploma or general education degree (GED)
required, BA Preferred* Prior experience (1-3 years) as a mortgage
Conventional Loan Processor. (FHA/VA processing a plus).#CBFounded
in Mount Laurel, NJ in 1990, Freedom Mortgage has since grown into
one of the largest and fastest-growing privately owned full-service
residential lenders in the USA. Licensed in all 50 states,
Washington D.C., Puerto Rico and the Virgin Islands, Freedom
Mortgage has over 5000 employees nationwide, proudly servicing
$225.6 billion, and is still growing.Our mission is to foster
homeownership in America. Freedom is a leader in VA mortgage
lending and is one of the mortgage industry's largest philanthropic
supporters of the USO and military families through its Team
Freedom Cares philanthropic arm. Locations include suburban
Philadelphia and Fishers, IN, two regions where we were named Top
Workplaces. We also have large operating centers countrywide,
including these desirable markets: Beaverton , OR; Boca Raton, FL;
Columbia, MD; Jacksonville, FL; Melville, NY; Plano, TX; San Dimas,
CA; Tempe, AZ; Troy, MI and Woodbridge, VA.If you seek a sense of
community, top training, opportunity for advancement, a
comprehensive benefits package and reward and recognition program,
look no further.Freedom Mortgage Corporation is an Equal
Opportunity Employer committed to workforce diversity. Qualified
applicants will receive consideration without regard to age, race,
color, religion, gender, sexual orientation, national origin, or
their status as a protected veteran or an individual with
disabilities. Local applicants encouraged to apply. Employment
contingent upon successful completion of background investigation.
Smoke-free workplace. Drug-free work environment. Excellent
benefits package including medical, dental, vision and 401(k). All
resumes are held in confidence. Only candidates whose profiles
closely match requirements will be contacted during this search.
LENDER NMLS ID:2767 Equal Opportunity Employer-
Minorities/Females/Disabled/Veterans
Keywords: Freedom Mortgage, Washington DC , Mortgage Loan Processor, Other , Woodbridge, DC
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