Consumer Loan Processing Manager jobs in Lake Havasu City, AZ

Mortgage Processing Manager, Great Team, Excellent Benefits!

This Jobot Job is hosted by: Patrick Murphy
Are you a fit? Easy Apply now by clicking the "Apply On Company Site" button and sending us your resume.
Salary: $50,000 - $70,000 per year

A bit about us:
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We are hiring an ONSITE Loan Processor Manager ASAP for our client's St. George, UT location!

As the Loan Processor Manager, you will be responsible for a growing team of processors and heavily involved in additional training and hiring. We will rely on you to innovate our processing practices, as well as to process loans.

We are a top-tier lender offering a fantastic opportunity to join a stable and growing company right away! We have a leading reputation for delivering the best experience for our customers and helping people live better. We value and respect the talented, committed, and diverse people who make up our organization; they are our most important strength.

Why join us?
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• Fantastic base salary
• Commission based bonus structure
• Tight-knit team - under 100 employees - family-style culture
• No churn and burn hiring firing with rate changes
• 401K
• Full Medical Benefits
• IRA

Job Details
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RESPONSIBILITIES AND DUTIES – Including, however not limited to the following:

• Monitor the overall lending process, and identify, resolve, and communicate issues that could impact the timely closure of loans.
• Pre-underwrite employment and income for each applicant to identify any potential concerns.
• Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income, and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.
• Identify potential issues and communicate with consumers and loan officers.
• Order and review all third-party documentation, including credit checks, title reports, flood certifications, appraisals, tax returns, verifications of employment/assets, fraud reports, SSA verifications, CAIVRS, etc. to identify and address potential issues.
• Thoroughly review purchase contracts and addendums.
• Re-disclose any changes to the loan in a timely manner by providing a Change of
• Circumstance and Loan Estimate to appropriate parties within the Federal standards for timelines.
• Stay current with federal, state regulations, policies, and industry trends.
• Check ratios and verify the accuracy of AUS findings and program applicability.
• Review and verify documentation integrity to ensure it aligns with findings, completeness, and compliance, and submit loan files to underwriting for approval.
• Identify qualifying/program issues prior to submission to Underwriting, and work with Loan Officer to re-structure the loan as necessary.
• Provide options within guidelines and make recommendations to Loan Officer if borrowers may qualify for suitable programs. Be proactive and solution-oriented to find a way to make the loan work.
• Update and verify the accuracy and completeness of data input into the system.
• Order Mortgage Insurance, when needed after the underwriter underwrites the loan.
• Obtain and verify clearance of all underwriting conditions and prepare the file for submission to closing.
• Coach and provide guidance to less experienced Processors as needed. Be a team player.
• Use and modify templates to compose professional correspondence and emails.
• Provide status updates to Loan Officers and/or borrowers.
• Knowledge in Conventional, FHA, VA, USDA, Jumbo, and Bond programs.

QUALIFICATIONS -

• High school diploma or equivalent required.
• Total recent work experience includes two or more years of experience as a Loan Processor, preferably processing conventional and VA loans along with at least one year of experience processing FHA and Bond mortgage loans.
• Ability to build strong relationships with loan officers, production, underwriting, closing, and other internal and external partners.
• Knowledge of overall mortgage lending internal processes and control, as well as federal,

state, and regulatory requirements/guidelines related to consumer mortgage lending for

conventional, FHA, VA and Bond mortgage loans.

• Knowledge in new construction documentation and condominium projects.
• Knowledge of valid documentation related to processing consumer mortgage applications

(e.g., complex tax returns, financial statements and records, verification of income and

deposits, etc.).

• Sound judgment, ability to think critically, including the ability to evaluate facts and data to

draw conclusions, determine the downstream impact of decisions and associated risks.

• Ability to prioritize multiple tasks in a deadline-driven environment, strong sense of urgency

and responsiveness.

• Excellent customer service, interpersonal, verbal and written communication skills

intermediate math skills.

• Strong detail orientation and highly organized.
• Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document

Retention programs.

Interested in hearing more? Easy Apply now by clicking the "Apply On Company Site" button. #indtier1