Mortgage Loan Processor at Rapid Mortgage

This a Full Remote job, the offer is available from: United States Job Role: Loan Processor (Rapid Division) Reports to: Processing Manager Rapid Mortgage Company a leading financial services company dedicated to providing exceptional lending solutions to our clients. We are seeking a detail-oriented and experienced Loan Processor to join our team. Overview: The Loan Processor is responsible for efficiently clearing all underwriting conditions while maintaining a high level of communication and organization. This role demands strong interpersonal skills, a team-oriented mindset, and the ability to manage a high-volume pipeline of 25 or more files monthly, ensuring an accurate and timely closing process. Key Responsibilities • File Review: Thoroughly review loan files upon receipt from Underwriting. Generate and deliver an initial needs list to borrower within 24-48 hours of conditional approval. • Borrower Communication: Conduct a "Welcome Call" within 24 hours of receiving the conditional approval to explain outstanding conditions and next steps. Maintain ongoing borrower contact every 48 hours throughout processing. • Condition Management: Immediately address all actionable underwriting conditions. Delegate appropriate tasks to the Processing Assistant and manage timely condition follow-up and resolution. • Redisclose Management: Monitor daily alerts and complete redisclosures promptly and accurately according to regulatory and company guidelines. • Pipeline Management: Prepare for and actively participate in weekly pipeline review calls with Loan Officers, updates on loan progress, outstanding issues, and projected closing timelines. • Internal Collaboration: Work closely with Underwriting, Processing Management, and other internal teams to troubleshoot and resolve loan issues to facilitate smooth and timely closings. • Appraisal and Title Coordination: Order and track appraisal corrections, final inspections, and work directly with title companies and insurance providers to clear title and policy issues. • Quality Control (QC): Respond immediately to any QC findings or conditions to ensure compliance with internal and investor standards. • Closing Coordination: Collaborate with the Funding Team to deliver the signed Closing Disclosure (CD) in a timely manner, ensuring accurate cash-to-close figures and addressing any final changes. Service Level Expectations • Submit loans to Underwriting within 24 hours of receipt from Processing Assistant. • Conduct Welcome call/email and send initial needs list to customer within 24-48 hours of receiving Conditional Approval. Qualifications • 3+ years of mortgage processing experience required. • Proficiency with FHA, VA, USDA, Fannie Mae and Freddie Mac guidelines. • Ability to independently run AUS systems: DU, LP and GUS. • Minimum 1 year of experience with Encompass LOS required. • Strong understanding with TRID requirements. • Working knowledge of Down Payment Assistance (DPA) programs required. • Proficiency with Microsoft Office Suite. • Strong organizational skills, attention to detail and ability to manage a high-volume pipeline. • Positive attitude, high integrity and strong work ethic. • Ability to meet deadlines while exercising sound judgement and decision-making skills. Preferred Knowledge, Skills and Abilities: • Confidence to process and close 25+ files per month. • Strong interpersonal, collaboration and organizational skills. • Positive attitude and strong attention to detail. • Ability to meet deadlines with sound judgement and prudent decision-making. • High level of integrity and strong work ethic. • Leadership experience is preferred by not required. Work Hours: Availability required between 8:00 AM – 6:00 PM EST Benefits: • Competitive salary - please include salary requests with application • Health, dental, and vision insurance available day 1 • Employer paid life insurance and LTD • Retirement plan • Paid time off and holidays • Opportunities for career development and advancement Please include salary requests with application. This offer from "Rapid Mortgage Company" has been enriched by Jobgether.com and got a 72% flex score. Apply tot his job