Perform a thorough review and analysis of borrowers credit, employment and assets as required by DU or Loan Program before submitting the file to the underwriter. Junior Claims Processor Clear Spring Health 2.0 Miramar, FL title, environmental, appraisals, etc, Work with loan officer and/or customer to obtain customer information required by banking regulations and bank policy and/or procedure, Accurately request or prepares closing documentation needed for the specific loan type, structure and collateral being taken, Calculates final payoffs and compiles accurate disbursement information to ensure the bank collects all required fees and the loan is funded correctly, Files incoming items in the electronic credit file and is responsible for a complete electronic file for examination purposes, Reviews documentation prepared by government agencies or attorneys to ensure they were prepared per the credit approval, Ensures collateral is perfected and clears all post-funding tickler items, Follows for debenture for 504 loans. Utilized daily reporting to manage a large pipeline of clients. Document receipt into information systems or departments manual reports, Work with internal and external customers, including title companies, lending staff and loan customers to complete corrective action in regard to security instruments and loan documents, Work with third party vendors to obtain data as needed, Ability to work independently, under pressure and to meet prescribed deadlines, Knowledge of retail lending regulatory and procedural policy, Communicate identified missing documentation, CLO Single Point of Contact to the Customer after the application has been taken and completed by the banker. Skills : Typing 50 WPM, Microsoft Office. Updated mortgagee clause on Homeowners Insurance upon loan approval. title companies, closing attorneys, corporate closing department and customers etc.) A loan processor, sometimes called a mortgage processor, is charged with processing the details of a loan and submitting it to an underwriter for final approval. Provided a 15% increase in referrals while communicating with borrowers to maintain a detailed record of each application. Our loan processor resume example shows you how. Our loan processor resume examples provide expertly written content by certified writers to help you build an unmissable profile. Objective : Seeks to obtain a Junior Processor position, allowing me to apply leadership skills have developed over the course of my career in management and via formal training. Ensure the following on all files, Demonstrate exemplary Partnership with all co-workers. The average salary for a Junior Loan Processor is $46,336 per year in Worcester, MA. Coaches staff and develops individual action plans for team members to maintain production goals, Bachelor's degree preferred; equivalent combination of education and experience may be substituted in lieu of degree, Review loan upfront for completeness and order required 3rd party verifications and documentation for the loan file, Maintain daily workflow prioritization to ensure loans on target closing list are being worked on accordingly, Process all loan files pursuant to the NPF Processing and CTC checklist, Must have 4-5 years experience processing loans, Help with VIN searches to determine lien and ownership information, Prepare file documents for transfer to the Quality Assurance Department, Prior banking experience in the loan processing preferred, Min of 2 years professional experience with accounting or lending procedures preferred but not required, Must have excellent problem solving skills & have strong analytical & organizational skills, Must be able to prioritize work and juggle multiple simultaneous projects, Must be able to sit for prolonged periods of time over the course of an 8 hr day, Review and verify consumer loan applications to ensure data is complete and meets established underwriting guidelines, Submit credit application to qualifying guidelines, Input lenders credit decision into appropriate software, Re-hash credit decision with lender if appropriate, Conducts sales presentation with customer and markets available product protection plans such as, credit life insurance, extended warranty and GAP, Input closing data and reserve information into V-Boat and AppOne, Key-in data for loan funding packet into V-Boat and AppOne, Prepare loan documents for customer approval/signature and send to dealership, Follow and secure signed loan documents from dealership, Review and audit signed loan documents for submission to lender, Submit loan document packet to lender for funding, Input lender funding status into V-Boat and AppOne, Create loan invoice in IDS for dealer funding, Create loan invoice in IDS for dealer reserves, Input funding information into V-Boat and AppOne, Remit insurance certificates to appropriate authorities, Prepare file for storage in compliance with credit retention requirements, 25% - Monitors and directs the flow of broker loans from submission to underwriting through final loan approval, Communicates and corresponds with Account Executives and brokers regarding file status, loan conditions, and underwriting guidelines and decisions, Informs regional Account Executive of status, turnaround times, and issues requiring their attention, 30% - Under limited supervision, responsible for packing and processing of residential real estate loans, Review package for accuracy and completeness, Obtains and compiles (through broker) necessary documentation for submission of loan files to underwriting including Borrower Financials, Letters of Explanation, Bank and asset statements, complete appraisal with exhibits, Preliminary Title Report/Escrow Instructions, and Purchase Contract (if applicable), 30% - Reviews and validates underwriting conditions per predetermined approval authority, as documentation is received from the broker, Submits file to underwriter once all conditions have been received, Responds to more complex inquiries regarding loan applications, Responsible for working a higher volume loan pipeline, Authority to sign off conditions per policy. Build Your Own Now JUNIOR LOAN PROCESSOR Summary Successfully manages high volumes of loan documentation in fast-paced environments with demanding productivity, funding and customer satisfaction targets. Create a Resume in Minutes Janae Hessel 813 Chelsea Road Los Angeles CA Phone +1 (555) 968 0814 Experience Houston, TX Jakubowski and Sons Identifying and reporting trends in decline submission errors Assuring compliance with anti-money laundering and Sanctions laws and regulations Worked as a Junior processor, for the top producing team handling calyx point files prior to underwriter's review. Prior experience involving multi-tasking and detail-oriented responsibilities, Previous experience with mortgage loan processing preferred, Makes introductory call to borrower upon receiving the loan file and continues communication throughout the process of the loan, Verifies with Borrower accuracy of all information entered into Mortgage Online system (MOL) and Dashboard when required, Verifies receipt of welcome kits, preliminary loan disclosures and application, Verifies and documents all AUS requirements and resubmits, Request and input any additional documentation underwriting requires, Maintain communication with borrowers through the loan process, Submits loan files to the Underwriting Department and clears all underwriting conditions, Reviews estimated final HUD-1 with borrower and confirms loan transaction detail, Verify and collect loan shortages from the borrower, Prepares and sends out loan closing documents to closing agent in a timely manner to coincide with scheduled signing date, Prepares and submits loan file to funding department and clears all funding conditions, Effectively manage pipeline notes and loan sub statuss, Communicate daily with title to obtain and update HUDs, Work with title to clear liens, judgments or any clouded item, Processes and prepares loans in a timely manner, Ensures that all loans are cleared and released to the Closing Department no later than five (5) days prior to scheduled closing, Associates or Bachelors degree preferred, A minimum of three (3) years of conventional, government and state bond loan processing experience required, Provides exceptional customer service to loan officers, branch personnel and customers, After credit approval, compiles all necessary information and documents required as a condition of loan approval and according to loan product/program, Works to establish reasonable Customer expectation for loan document signing and loan closing, Analyze applicant information/documentation to ensure acceptable to bank guidelines, Manages an assigned pipeline of approved loan applications while meeting department turnaround times and service commitments, Regularly communicate loan status with loan officers, branch personnel and customers, Consistently updates Loan Log with loan status and documents received from customers and others, Orders appraisals, preliminary title reports and environmental reports as needed, Reviews preliminary title policies for accuracy and requests endorsements and lien releases as needed to perfect banks lien position as approved, Reviews all documents for accuracy and obtains Underwriting approval for any changes, Prepares complete files using the appropriate Checklist, Submits complete files for Loan Documentation, Follows loan through documentation and closing to ensure on time delivery and superior customer service, Maintains a current knowledge of bank products and services, Answers phone inquiries from customers and branches, Maintains a current understanding of and complies with Reg B, Fair Lending, Home Mortgage Disclosure Act (HMDA), Bank Secrecy Act (BSA), Suspicious Activity Reporting (SAR), Office of Foreign Asset Control, Customer Identification Policy (CIP) and Community Reinvestment Act, Provides coverage as appropriate for co-workers in their absence, High school diploma or GED required, undergraduate degree preferred, Minimum of 1 year of loan processing experience, Recent experience in loan processing and/or commercial loan documentation. Objective : Dedicated and accomplished Junior Processor professional with a broad background of sales and management experience in multiple career fields. Follow-up with vendor by e-mail or phone to ensure that requests for flood, ownership documentation and valuation are received in a timely manner in order to complete processing and forward loan to a closing status, Contact retail lenders and/or end consumer through use of e-mail or phone for additional information in order to resolve discrepancies between information provided at application and obtained from outside sources (i.e. Responsible for handling the beginning stages of the mortgage loan application process. 3. This may include performing the Team Leader function as directed by team members, Updates knowledge and develops professionally on a continuing basis through various training resources, Two years of experience in loan processing preferred, Excellent, time management and organizational skills with the ability to multi-task and produce error-free work in a deadline-driven environment, 1-2 years home equity processing experience, Will consider 6 months to 1 year of first mortgage processing experience, strong credit evaluation experience and PC skills, Candidate must be detail oriented have superior verbal and written communication skills and be able to multi-task, Familiarity with Microsoft Excel and Access, Contact Retail Banker by e-mail or phone to obtain information needed for placement of appraisal order. Objective : Junior Processor is responsible for processing incoming data and documents into a format that will be useful to the business. on the status of refunds, claims, and complaints related to Credit Unions force placement of insurance, Research credit disputes and respond to credit bureaus and members as required, Review, process and respond to referrals in the Lending Referral Queue providing research as needed, Review all loans and documents prior to booking. Keep Loan Officer updated with status of file, Complete AU as applicable to transaction type (DU/LP/GUS), Complete submission process for all new loans via in-house channel or to investor, Process loan withdraws and/or cancellations and incomplete notices in compliance with ECOA and Regulation B, Must have at least 3 years of recent loan processing experience, Four or more years of experience in bank operational functions, systems, policies and procedures, Thorough knowledge of computer applications and/or the equipment used in the assigned area, Three or more years mortgage loan processing, Well-developed ability to identify and resolve/escalate problems, Demonstrated leadership and supervisory skills, Processes and prepares 203k loans in a timely manner, Pipeline manages all assigned 203k loans working within stated timelines reflected in real estate sales contracts, as well as management established turnaround timelines, Ensures that all 203k loans are cleared and released to the Closing Department no later than five (5) days prior to scheduled closing, Collects, reviews and submits acceptable documentation in a timely manner. This duty is performed daily, Clear underwriting conditions. Your CV should contain the following elements: The resume header The resume summary (aka profile or personal statement) The employment history section The resume skills section The education section Suggests alternative methods to obtain satisfactory documentation when necessary. Collated leads for tracking purposes per office. Consistently exceeds performance standards in both production and customer service. Submits loans trough DU/LP automated underwriting system upon validation. Ability to manage and supervise projects till the final approval. Desirable Skills. A great loan processor resume starts with an organized structure that allows the hiring manager to find the information they are looking for. Researches and solves problems relating to such payments and refunds. Proficient with one or more Automated Underwriting Systems, Provide training, guidance, and coaching to Processors to address and clarify issues related to processing procedures and requirements, products, systems, and required documentation, Review the work of new Processors or less experienced Processors to improve their process and productivity, Monitor the overall lending process, and identify, resolve, and communicate issues that could impact timely closure of loans, Request and review any necessary supporting documentation within required timeframes, including, High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred, along with a minimum of six years total experience in Mortgage loan processing, Expert-level knowledge of valid documentation related to processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc. Variable incentive compensation is based on individual performance and is not guaranteed, Minimum education requirements: High School Diploma/GED, Review loan files and monitor reports to maintain compliance with regulatory and established corporate policies and procedures, Accurately documents audit findings for reporting, Maintain loan status information through the use of pipeline reports. Objective : Looking to obtain a Junior Processor position that will utilize and expand current skills, looking to advance with a new experience and an opportunity for advancement in current or new background. Stacked, sorted, and prepared loan documents for application submission. Prepares final loan package for approval, Updates insurance information on the mortgage software platform. Updates loan files, the mortgage software platform and tracking system as information is received. Researches and solves problems relating to such payments and refunds. The junior loan processor should be competent in using the Internet, since most institutions are starting to receive and process online applications. The banking and financial service industry is currently undergoing a dynamic change with digitalization overpowering the traditional banking system. Assist management with maintaining department policy and procedure manuals, Assist with training and development of new and less experienced employees. Authority to sign off conditions per policy. The estimated total pay for a Junior Loan Processor is $59,819 per year in the Charlotte, NC Area area, with an average salary of $46,529 per year. Adept at providing quick assistance while delivering accurately verified documents promptly. Performs an analysis and complete appraisal review, along with completing checklist, on all mortgage and consumer loan appraisals. Best Loans, Santa Clara, CA. Analyzed program(s) to fit the needs (s) of our customer clientele. Use Rocket Resume's Junior Loan Processor CV builder. This rate is higher than the national average for all careers combined, making loan processor careers an excellent option for those interested in the finance field. Everything you need to build your Junior Loan Processor resume, in one place 10 minutes to build your resume Our smart tools make building a polished resume faster, so you can concentrate on landing that dream job Use recruiter-approved bullet points Be it anything, our writers are here to assist you with the best essay writing service. Results-driven junior loan processor with three years of experience in loan funding and sales management. Researches and resolves items on the Unapplied Funds report, Boards and services escrow accounts. Loan Origination. Junior Loan Officer Responsibilities. Analyzes credit history of applicants and determines loan repayment capabilities. Copied files and get them ready to go to the company warehouse. Finance. This duty is performed daily, about 25% of the time, Process FHA, VA, Conventional, Bond and RD loans after application, which includes, but not limited to, processing various types of verifications, pulling credit report, ordering appraisals, ordering title work, running loans through an automated system, pulling flood certificates, getting loan files ready and submitting them to underwriting, following up with underwriting and clearing all underwriting conditions. Most successful when the role, performing enables employees to reach their potential, develop and grow. Supported senior processors and loan officers with other tasks pertaining to the loan. Help to create a positive team environment. mortgage loan originator. ", 2-3 years previous mortgage loan sales support and/or administrative/clerical experience or retail banking experience, Requires a high school diploma or equivalent, Prior knowledge or experience with mortgage loan documentation, Ability to read and write, with basic arithmetic skills, Required to act as a MLO in this position, must be registered as a MLO as per the S.A.F.E. A.) Those are more skills-based. When information and fee is received, access vendor website to place appraisal order, Track vendor orders through use of on-line tracking systems. This duty is performed daily, about 5% of the time, Perform daily duties on all bank systems and Mortgage operating systems such as DO, DU, LP, Encompass and Doc magic. - Select from thousands of pre-written bullet points. Offers alternatives and solutions to meet time frames and guidelines, Reviews and validates the appraisal to ensure it complies with agency and USPAP/FIRREA guidelines, Communicates with customers, MB;s and authorized employees to satisfy loan conditions as well as the status of the loan application, Ensures that all loans are in compliance with internal Bank guidelines and external state and federal regulations (i.e.
What Is Infrared Camera Used For,
Pickled Deviled Eggs Food Network,
Research Methods In Literary Studies,
Science Oxford Family Day,
Okta Hack Screenshots,
Embryolisse Les Hydratants,
Northwestern Hospital Wiki,
Remote Clerical Jobs Near Me,
Squander Crossword Clue 5 Letters,
Automatically Scroll To Bottom Of Page Javascript,
Hangout Fest 2022 Times,