Mortgage Loan Processor performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Job Description: Account Manager (Loan
Processor)
Location: Westport, CT Office (in House
ONLY)
Lendmarq is a specialty
real estate lender providing bridge and term loan products to residential real
estate investors throughout the country. As a professional Account Manager
(Loan Processor), your abilities to manage the loan process from lead to
closing, use detailed workflows, and communicate with stakeholders are your
keys to success.
Essential Responsibilities
· Manage
the real estate loan process from inception to closing using detailed workflows
· Supervise
all administrative roles for borrower and seller transactions from contract to
close
· Aid
real estate agents, clientele, and other stakeholders’ requisite paperwork and
ensure the completion of all closing documentation
· Responsible
for interfacing and communicating with stakeholders to ensure processing and
underwriting tasks are being done timely and accurately
· Coordinate
timelines with borrower’s title companies, insurance agents to obtain necessary
information
· Understand
loan documents, mortgage process and loan origination system to effectively
manage workflows
· Track
all outstanding items with stakeholders to ensure timely receipt of necessary
documentation
· Maintain
effective communication on loan status with partners
· Assist
leadership with the preparation and distribution loan level data
· Identify
and communicate risks and learn pitfalls to avoid when working through loan
files
· Maintain
a high level of confidentiality and security while handling personal
information; verbal and/or written documentation
· Communicate
clearly
Experience and Training
· Two-year
college degree preferred
· Two
years of Loan Processing or loan industry experience required
· Working
knowledge of real estate lending
· Proficient
with MS Office including Excel and Word
Knowledge, Skills, and Abilities
· Must
be able to make good decisions and meet deadlines
· Ability
to write accurate reports and documents; holds self to a high level of quality
· Must
be self-motivated and enthusiastic to obtain personal and company goals
· Ability
to stay organized to easily retrieve information and documents as needed
· Flexibility
to adapt to peak periods of heavy workload and pressure
Lendmarq is an
equal opportunity employer
· Health
Benefits begin coverage on the first day of employment
· 401(k)
· Employee
Assistance Program
· Health
Insurance
· Health
Savings Account
· Life
Insurance
· AD&D
Insurance
· Paid
Time Off
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