Bilingual Mortgage Loan Processor
Company: Panorama Mortgage Group,LLC
Posted on: November 22, 2021
The Loan Processor takes ownership of Residential Mortgage loan
files after Origination and works to fulfill the requirements to
advance them to Closing. This includes obtaining, reviewing, and
assembling documentation, along with preparing and submitting
files. Loan Processors work closely with Customers, Loan Officers,
and both internal and external partners providing a high level of
service in a professional manner.
Review new files within 48 hours of receipt and verify that
compliance documents were issued within proper time frame. Notify
the appropriate staff member if additional documentation or
information is needed.
Maintain a pipeline of 25 or more loan files
Order all necessary documents to satisfy AUS findings, investor and
Verify, Review and track all requested documents in Encompass.
Review documentation received within 24 hours of receipt and follow
up in the event of discrepancies or omitted data. During
documentation review, if any discrepancies are identified
immediately notify Loan Originator or appropriate team member.
Use documentation to perform functions, such as calculating
verified income or verifying assets, and update Encompass
Review, organize and prepare loan for underwriting submission
Clear any approval or suspense conditions as outlined by the
underwriter, or closer.
Ensure that all appropriate closing documentation is in the loan
file (i.e. title documentation, home owners insurance & third-party
invoices). Documents are to be reviewed within 24 hours of receipt
and communicated with Loan Originators.
Loans are to be processed to meet purchase contract deadlines and
rate lock expiration dates.
File submitted to closing department upon obtaining CTC approval
Assist other processors, Underwriters and Closing departments as
Respond to customer inquiries and other related parties on a
transaction as determined by Loan Originator.
Assist with the clearing of post-closing conditions received to
avoid any financial loss.
Knowledge of current state's regulatory lending laws and
Experience using Government sites for VA and FHA files to place
orders and obtain case numbers
Maintain a focus on enhancing customer service skills and
Ensure KPIs are met set forth by the branch manager or corporate
Maintain quality and data integrity of all loan files
Perform other duties as assigned
This position has no supervisory responsibilities.
High School Diploma or Equivalent
Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines
Knowledge of general federal and state mandated consumer disclosure
Familiarity with automated underwriting technology i.e., Fannie Mae
Desktop Underwriter and Freddie Mac Loan Prospector
Must be familiar with systems such as encompass, Microsoft office
and overall knowledge of loan submission and underwriting
Must have at least 5 years of experience as a loan processor
Familiarity with TILA / RESPA Integrated Disclosure (TRID)
Sound judgment and decision-making skills
Ability to work under pressure and meet deadlines with minimal
Excellent customer service skills
Excellent organizational skills
Experience using Encompass
Timely communication and response times according to department
Must be able to lift 25 pounds at a time
Bend, stoop and stretch as needed
Prolonged periods of sitting, standing and or ambulating (Employee
has some control over the length of time)
Prolonged use of computers, telephone, and other standard office
equipment which includes reading, writing, listening or
Fluency in English language (written, oral, spoken); fluency in a
second language desirable
Keywords: Panorama Mortgage Group,LLC, Albuquerque , Bilingual Mortgage Loan Processor, Other , Albuquerque, New Mexico
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