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19 Nov 2021

Full-Time Loan Processor

Channel Mortgage – Posted by SamiO Queens, New York, United States

Job Description

Who we are:

Channel Mortgage is a dynamic mortgage brokerage company dedicated to helping our customers achieve their goals by securing financing for their personal, investment, and commercial properties. Our core focus is to uncover the needs and challenges of our customers; explore options, then execute the best solution with knowledge, speed, and efficiency.

What we are looking for:

Talented, energetic, self-motivated individuals with proven leadership experience to drive our mission forward. This candidate will possess a provable track record of increasing responsibilities in previous roles with a serious bend to attention to detail. The new team member will demonstrate mastery of loan product guidelines, processing procedures, and regulatory compliance. The ideal candidate will have a history of making sound decisions under pressure and showing results in their work.

 

What you’ll do:

  • Drive company loan files to closing by coordinating all processes, paperwork, and regulatory requirements from initial setup to post- close.
  • Analyze customer financial docs for accuracy and completeness.
  • Perform income & asset calculations as per program guidelines to ensure underwriting approval.
  • Working directly with the customer to fulfill loan approval conditions while overseeing the completion of appraisal & property reports, title commitments, credit updates, HOI, payoffs, contract amendments, and other vendor services necessary to achieve loan clear to close.
  • Manage documents, rate lock, contract expiration dates, and other deadlines with the specific focus of minimizing jeopardy to the transaction and additional charges to the customer.
  • Evaluate the accuracy and quality of initial and new application data and determine how each new data point will affect loan qualification metrics.
  • Integrate newly uncovered information into loan files and effectuate new solutions as necessary to continue to drive the process to close.
  • Meet or exceed key performance indicators established by the company for the role.

Qualifications:

  • 3+ years as Loan Processor or similar position.
  • Bachelor’s degree or equivalent
  • Proven mastery of basic mathematical equations including converting decimals, fractions, percentages, and tolerances.
  • Must demonstrate a high-level working knowledge of TRID and other regulatory disclosure requirements, as well as mastery of the DU and LP AUS LOS systems.
  • Practical working knowledge of lender underwriting guidelines
  • Previous experience in a broker environment is a huge plus!!
  • Knowledge of FHA, Conventional, and VA loan products
  • Experience using LOS (Calyx preferred)
  • Must demonstrate a history of working independently in an organized and efficient manner
  • Superior organizational skills and communication skills a must
  • Team-oriented and outgoing

The perks & benefits:

  • Base salary ($50+k per year) + incentives. Unlimited earning potential.
  • 401k matching
  • Generous Paid time off
  • Career path planning within a supportive work environment

Safety Protocol: 

Our office is a private space with a small group of professionals who prioritizes safety and the well-being of others. All employees are required to wear a mask and take a daily temperature check. In addition, air purifiers and daily office sanitization protocols are in place to reduce the spread of COVID-19.

How to Apply

Please submit a resume and cover letter to HR@Channelmtg.com Subject line: Loan Processor_ 'Your Name'_ Resume & Cover letter

Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: #finance, Loan Processor, Mortgage, New York, and Queens. Salaries: 40,000 - 60,000.

Job expires in 30 days.

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