Loan Processor

Company: PRMG
Location: Sacramento
Posted on: May 24, 2023

Job Description:

We are currently seeking an experienced and detail-oriented mortgage loan processor for our dynamic lending team. The ideal candidate will have years of mortgage processing experience, a can-do attitude, and a proven track record of providing solutions in the mortgage lending industry. If you are looking for an excellent position that will help you reach your financial goals, start your application today!Compensation:


$55,000 - $80,000 yearly


Responsibilities:

Assure that loan files meet banking and regulatory guidelines and policies

Prepare and submit detailed loan packages to the lender underwriting department for approval or denial

Liaise between the mortgage lending underwriting department, mortgage loan originators, real estate agents, and applicants to facilitate loan approval

Document the loan process from origination to approval through our system

Assist borrowers in determining the best mortgage type based on interview and situation


Order the following documentation as necessary: Verification of Employment, Evidence of Insurance, Payoffs, Tax Transcripts, Credit Supplements, condo questionnaires, subordination requests, and Title Work as needed for each file

Manages a pipeline of loans and maintains a timely and compliant flow of such loans through the process

Communicate with Underwriters to clarify conditions - Help administer all documents that are needed to satisfy underwriting requirements

Follow up on documents ordered in a timely manner

Maintain loan origination system and database with the proper loan information

Perform other related duties as assigned and required

Monitors and ensures closing dates and company deadlines are met

Handles all borrower communication from the point of contract to closing of the loan

Handles all Loan Officer, Loan Partner, and Underwriter communication with updates

Be a sponge for information/knowledge, always striving to be the best possible in your position

Be a leader, helping us improve our processes and procedures to always deliver a world-class experience to clients and referral partners


Qualifications:

2 years minimum experience in loan processing required

Mortgage lending experience and loan knowledge required, specifically with FHA, FHLB, FNMA, or VA loans

Must possess exceptional attention to detail, as well as strong analytical and time management skills

Must have excellent written and verbal communication skills

Accounting, finance, or business Associate's degree preferred - High school diploma or GED required


Must have current working knowledge of mortgage loan products (FHA/VA/CONV/USDA) and knowledge of mortgage procedures, processes, and documentation

Know how to analyze credit reports, income, and asset documents, as well as general ways to structure a loan

Exceptional attention to detail must be organized and have excellent time management

Minimum 3 years mortgage processing experience for the right candidate, 5+ yrs Preferred

Current or previous experience fulfilling the roles of Processor, LOA, Loan Partner, Loan Officer, and/or Underwriter

Strong ability to prioritize and multitask without being micromanaged to meet multiple deadlines and a keen sense of urgency

Excellent customer service, interpersonal and communication skills

Work well in a team environment


About Company


With over 200 locations, PRMG is one of the largest independently owned Mortgage Banks in the nation. The company is experiencing exponential growth in 2021 and 2022 and will for many years to come. The benefits that PRMG offers are available to all full-time employees. We offer a competitive salary that will be based on experience. We were voted the top 5 of the 50 Best Companies to Work for 2019, 2020, 2021 & 2022

Keywords: PRMG, Sacramento , Loan Processor, Accounting, Auditing , Sacramento, California