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Loan Processor Assistant/ Administrative Assistant

Company: Ignite Human Capital
Location: Kirkland
Posted on: May 3, 2021

Job Description:

 

Essential Functions

  • Disclose loans and insure RESPA compliance with E consent or mailing of disclosures
  • Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.
  • Identify potential issues and communicate to consumer and loan officer.
  • Request supporting documentation from borrower within required timeframes.
  • Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues.
  • Check ratios, and verify accuracy of AUS findings and program applicability.
  • Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.
  • Identify qualifying/program issues prior to submission to Underwriting.
  • Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.
  • Update and verify accuracy of data input into system.
  • Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
  • Stay current with federal and state regulations and industry guidelines.
  • Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
  • Order generation of loan documents.
  • Use and modify templates to compose professional correspondence and emails.
  • Provide status updates to Loan Officers and borrowers.
  • Utilize sales force to assign tasks, manage pipeline, and next steps

 

Qualifications

  • MLO license (not required but great plus)
  • High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.
  • Total recent work experience includes two or more years experience as a Loan Processor processing conventional loans, with at least one year experience in processing FHA or VA loans.
  • Ability to build strong relationships with borrowers, loan officers, production, underwriting, closing and other internal and external partners.
  • Detailed 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 and FHA or VA loans.
  • Detailed knowledge of conventional and FHA or VA loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.
  • Detailed knowledge of valid documentation related to processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
  • 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 verbal and written communication skills.
  • Strong detail orientation and highly organized.
  • Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs.

 

Supervision

  • Depending on experience, work with moderate to intermittent guidance and supervision
  • Moderate level of independent judgment and discretion related to area(s) of specialization
  • Receive guidance to resolve/escalate issues of high complexity
  • Average monthly pipeline is 30 loans with a minimum of 15 closings a month
  • Travel: 0%
  • Ability to work from home

 

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Keywords: Ignite Human Capital, Kirkland , Loan Processor Assistant/ Administrative Assistant, Other , Kirkland, Washington

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