Home Loan Processor

About This Role

The Guidelines Team Loan Processor is responsible for ensuring loan files meet investor, agency, and company standards before closing. This role involves fast-paced, high-volume clean-up work, guideline validation, and loan restructuring to support rapid loan movement.

Responsibilities

• Process rush files requiring 24-hour turnaround, including making necessary corrections to ensure closing readiness.
• Work through a queue of 40-50 active files, completing assigned portions of processing without full pipeline ownership.
• Review and update cash-to-close calculations to ensure accuracy prior to closing.
• Analyze and adjust DTI changes based on updated borrower documentation or loan structure.
• Restructure loans due to seller credit changes at closing, ensuring compliance with investor and agency requirements.
• Review borrower documentation including credit reports, bank statements, income documents, and asset verification.
• Identify large deposits and determine required documentation per agency guidelines.
• Apply Fannie Mae and Freddie Mac guidelines to validate loan accuracy and compliance.

Requirements

• 3-5 years of mortgage loan processing experience
• Deep understanding of Fannie Mae and Freddie Mac standards
• Ability to identify borrower documents and determine documentation needs
• Experience processing conventional purchase loans
• VA and FHA loan experience, including knowledge of VA funding fees and COEs

Qualifications

• 3-5 years of mortgage loan processing experience, preferably in high-volume environments.

Nice to Have

• Experience with credit unions or mortgage lenders

Benefits