Mortgage Loan Processor Lp3

Job Description

We are currently seeking an experienced and detail-oriented mortgage loan processor for our dynamic lending team. The ideal candidate will have years of mortgage processing experience, a can-do attitude, and a proven track record of providing solutions in the mortgage lending industry. If you are looking for an excellent position that will help you reach your financial goals, start your application today!Compensation:

$60,000 - $90,000 yearly

Responsibilities:

Serve as a liaison between borrowers, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to support loan approval

Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application

Secure property and loan documentation to process mortgage loan files such as appraisals, inspections, title searches, site surveys, contracts, and property tax records

Ensure loan files meet lending and regulatory guidelines and policies

Prepare and submit detailed loan packages to the lender underwriting department for approval or denial

Pre-Underwrite

Verify that the initial loan file is complete using the pre-underwrite checklist

Request any additional documentation on cash, credit, and capacity (income)

for a complete loan submission

Return incomplete loans to LO or LP2 with a detailed list of outstanding items

Initiate ALL third-party items (or direct LP3A to do so, if applicable)

Submit high-quality loans for preliminary underwriting without over-analyzing

Post-Underwrite:

Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear

Confirm outstanding CLA items have NOT already been received before reaching

out to external parties (avoid duplicate requests to borrowers)

Request conditions in layman’s terms that are easy for borrowers to understand

Thoughtfully review and submit all conditions to underwriting

Proactively communicate with LP2 (via phone or face-to-face) on better

submission practices

Send all Clear to Close (CTC) requests via email to the loan team

Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)

Post-Fund:

Monitor pending closed loans for funding authorization

Clear any post-funding conditions as required

Support LO, LP1, LP2, and borrowers with any post-funding questions

Additional Responsibilities

Collaborate with the Operations Team to improve the LP2 submission checklist for efficiency

Attend Weekly Team Meetings (WTM) to review the entire loan pipeline

Log all crucial communication in the LOS Conversation Log

Build relationships with closing, funding, post-closing, and QC teams

High-quality borrower third-party communication is required, differentiating

this role from a traditional Loan Processor

Qualifications:

Standard Job Requirements

High school diploma or equivalent

Minimum 3 years of underwriting or processing experience

40+ hours per week commitment

Proficient in DU/DO and LP

Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.)

Strong understanding of investor guidelines

Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, OneNote)

Excellent verbal and written communication skills

Strong time management ability to work under pressure

Detail-oriented with a strong sense of accountability

Team player with the ability to collaborate across corporate branches

levels

Completion of all required regulatory compliance training

About Company

Covita Lending is an Independent Mortgage Broker based out of Columbus, Ohio, that operates in Ohio, Florida, Georgia, and South Carolina. Covita Lending offers a wide range of lending options to meet your financial needs and circumstances. With nearly 40 years of combined experience as top-producing loan officers, our assurance is that whether you are a first-time buyer, interested in refinancing your mortgage, or a real estate investor, we’re here to guide you through the process.

Full-time