Loan Processor II

Position Summary
The Loan Processor is a reliable mortgage professional who thrives in a fast-paced environment. Loan Processor supports both the origination and operation functions of residential conventional and government mortgages while providing the highest level of customer service both internal & external.
The Loan Processor reports directly to the Processing Manager. The Loan Processor also works closely and communicates with loan officers, underwriters, and closers to assist and gather documentation necessary for final loan processing, approval and closing.
Primary Responsibilities

• Reviews all documents submitted by borrower within 48 hours of receipt.
• Direct communication with all borrowers via email and/or phone, returning all calls within 24 hours.
• Reviews accuracy and completeness of Loan Application, Automated Underwriting System and Credit Report.
• Review entire credit report for accuracy. (I.E correct name (Jr, Sr etc.), property addresses (within 2 years and not on URLA), recent inquiries, liabilities, collections, Social Security numbers and any possible alerts etc.)
• Orders and retrieves 3rd party services (I.E. Credit report, Credit refresh, Credit supplements, Tax transcripts, Flood certificates, Fraud guard, VOE’s, Payoffs etc.)
• Review initial disclosures and check for signatures and dates.
• Review and calculate all types of income and any other mortgage related documents.
• Ordering all related condo documents if applicable (I.E. Master policy, budget, condo questionnaire etc.)
• Review and analyze appraisal reports for accuracy (I.E. Name & property address, value, and date of appraisal.)
• Review title reports for the following but not limited to: Effective date, loan amount, proposed insured, open liens/judgments and tax information.
• Responsible for properly updating Encompass to ensure current and accurate data.
• Submits complete file to Underwriter for initial underwrite & final review.
• Clear all prior-to-doc conditions.
• Effective communication with all parties and usage of the conversation log in Encompass to notate the loan files.
• Strong pipeline management skills to ensure closing dates are met.
• Participates in weekly pipeline reviews with the Loan Officer and Processing Manager providing status of all files.
• Assist closing & post-closing with any additional documents or information needed to close out file.
• Keep informed of trends and developments in the mortgage industry to include regulation changes.
• Processor will meet Round Point’s commitment to compliance and keep abreast of industry new products and guidelines.

Additional Potential Job Functions

• Redisclosing for change in circumstances if applicable.
• Title review and updates
• Ordering additional appraisal reports, if applicable (I.E. final inspection)

Qualifications
Required:

• High School diploma or equivalent required
• 4+ years mortgage experience in a mortgage processing position
• Must have ability to verify all elements of a 1003, credit report, title quotes, tax certs, AUS, and mortgage Insurance.
• Working knowledge of conventional and government loan programs
• Strong organizational skills, attention to detail and work in a high volume & ever-changing mortgage industry
• Knowledge of consumer regulations—RESPA, TILA, TRID, HMDA, ECOA and all Fair Lending laws.
• Proficiency in Encompass LOS preferred and the ability to readily learn and operate effectively in other business technology applications required.
• Ability to work overtime when needed.
• Excellent communication and rapport building skills, promoting productive working relationships.
• Maintain sense of urgency.
• Maintain a level of professionalism when communicating with external clients.
• Ability to effectively communicate across multiple departments-originations, underwriting, secondary, processing and closing.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

Desired:

• Associate’s degree
• Encompass experience
• Advanced working knowledge of Word and Excel.
• Working in fast-paced, high tech, and business paperless environment

Round Point’s Employee Value Proposition:
Grow. Make a difference. Have fun along the way.
Our mission is to serve our homeowners and all of their homeownership needs. We do this by embracing challenges, executing with excellence, and fostering a positive work culture that encourages personal and professional growth. We are on the fast track to becoming the premier marketplace for all things home, and the National Mortgage News and Best Companies Group just named us one of 2019's Best Mortgage Companies to Work For! Without a doubt, Round Pointers are what make this company a great place to work! That’s why we hire individuals who share our core values: Energy, Ethics, Execution, Everyone, and Earn it!
As a Round Pointer, we will empower you to innovate, provide meaningful solutions, set goals and crush them, play hard, and give back to the community! Our secret sauce is our mantra, All In. All Win. Together, we can achieve great things!
Physical Demands & Working Conditions
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:

• The employee is regularly required to talk or hear.
• The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
• The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.
• The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
• Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
• The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.