Loan Processor (Remote)

Essential Duties and Responsibilities The Loan Processor will audit loan applications using the Loan Officer Checklist for completeness, and collect missing information as required. Duties include obtaining and reviewing all documentation to verify that the loan transaction meets all FHA, VA, Conventional, Jumbo and USDA guidelines, ordering all 3rd party vendor documents, such as credit updates, required verifications, flood certification, appraisal, title, title fees, hazard insurance and payoff statement, submitting complete loan files to underwriting for loan approval, reviewing and obtaining documentation to clear all underwriting conditions, and submitting all documentation to the closing department for acceptable Final Docs and loan figures. • Maintain all correspondence for loan transactions with Realtors, Builders, Title Agents, Borrowers and Third Party Vendors • Ensure LOS system is always updated with current status and correct investor • Submit loan to closing for final documents to be drawn, and work with title company on approving a final Closing Disclosure • Pipeline review of loan files up to 20 units per month, funding up to 15 units Education and/or Work Experience Requirements • High School diploma or equivalent • 3 + years’ experience in mortgage processing of FHA/VA/FNMA/FHLMC, and have some knowledge of investor programs, guidelines, loan processing and automation systems Skills • Proficient with MS Office • Knowledge of industry software and automation • Strong written and oral communication skills • Strong commitment to customer service and satisfaction with both internal and external customers • Creative thinking to find appropriate/alternative programs and solutions for unique situations • Proven ability to research and make sound judgements/identify issues/ make recommendations based on the research • Ability to multitask and manage multiple priorities • High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information

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Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

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With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

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Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

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Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

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Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

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This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...