Now Hiring – Sr. Mortgage Loan Processor – St. George

Sr. Mortgage Loan Processor – St. George

Full-time, $45,000 / year

If you or someone you know is looking for a new career opportunity, tag them to apply! This is an opportunity for an experienced Mortgage Loan Processor to work for the Corporate Office in St George, UT. FIVE (5) years of Mortgage Processing experience a must. Experience on the Encompass LOS System is a plus.

Do you thrive in organization and efficiency? Do you love a challenge and problem-solving? Are you an overachiever who is driven to get tasks done and do you have amazing follow-up skills? This job has growth potential in an ever-changing environment. Aggressive compensation and benefits. We are looking for the right fit for our Company. If you answered yes to these questions, apply now.

Position Summary
Process and pre-underwrite mortgage loans to ensure compliance with Company, secondary market investor, and government agency standards. Achieve production and quality metrics. Liaison between loan officer, borrower, underwriter, and funder. Prepare and review loan files to ensure completeness of the submission and supporting documents, as well as compliance with underwriting and investor guidelines. Monitor overall loan processing cycle time to ensure the loan closes on time, as per company standards. Communicate and coordinate the resolution of issues that delay loan closing.

Essential Functions (Including, however not limited to the following):
• Monitor the overall lending process, and identify, resolve, and communicate issues that could impact the timely closure of loans.
• Pre-underwrite employment and income for each applicant to identify any potential concerns.
• Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.
• Identify potential issues and communicate to consumers and loan officers.
• Order and review all third party documentation, including credit checks, title reports, flood certifications, appraisals, tax returns, verifications of employment/assets, fraud reports, SSA verifications, CAIVRS, etc. to identify and address potential issues.
• Thoroughly review purchase contracts and addendums.
• Re-disclose any changes to the loan in a timely manner by providing a Change of Circumstance and Loan Estimate to appropriate parties within the Federal standards for timelines.
• Stay current with federal, state regulations, policies, and industry trends.
• Check ratios and verify the accuracy of AUS findings and program applicability.
• Review and verify documentation integrity to ensure it aligns with findings, completeness, and compliance, and submit loan file to underwriting for approval.
• Identify qualifying/program issues prior to submission to Underwriting, and work with Loan Officer to re-structure loan as necessary.
• Provide options within guidelines and make recommendations to Loan Officer if borrowers may qualify for suitable programs. Be proactive and solution-oriented to find a way to make the loan work.
• Update and verify the accuracy and completeness of data input into the system.
• Order Mortgage Insurance, when needed after the underwriter underwrites the loan.
• Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
• Coach and provide guidance to less experienced Processors as needed. Be a team player.
• Use and modify templates to compose professional correspondence and emails.
• Provide status updates to Loan Officers and/or borrowers.
• Knowledge in Conventional, FHA, VA, USDA, Jumbo and Bond programs
Processor Job Description Rev date: 01/23/19

• High school diploma or equivalent required.
• Total recent work experience includes two or more years of experience as a Loan Processor, preferably processing conventional and VA loans along with at least one year of experience processing FHA and Bond mortgage loans.
• Ability to build strong relationships with loan officers, production, underwriting, closing, and other internal and external partners.
• Knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional, FHA, VA, and Bond mortgage loans.
• Knowledge in new construction documentation and condominium projects.
• Knowledge of valid documentation related to processing consumer mortgage applications (e.g., complex tax returns, financial statements, and records, verification of income and deposits, etc.).
• Sound judgment, ability to think critically, including the ability to evaluate facts and data to draw conclusions, determine the downstream impact of decisions and associated risks.
• Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness.
• Excellent customer service, interpersonal, verbal and written communication skills


Patriot Home Mortgage

619 South Bluff Street Tower 1 Ste 301 or Tower 2 Ste 1B
St. George, Utah 84770

450 Hillside Drive, Bldg A, Suite 106,
Mesquite, NV 89027

Front Desk: (435) 256-8813