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Loan Processor-203k Loans

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POST DATE 9/10/2016
END DATE 3/23/2018

Weichert Realtors Morris Plains, NJ

Morris Plains, NJ
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Job Classification
Full Time
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.

The Loan Processor-203k Loans is responsible for ensuring assigned 203k loan applications are processed and prepared in a timely manner and meet all regulatory requirements. The position may also process other loans as necessary. · Processes and prepares 203k loans in a timely manner. · Makes mandatory calls to borrowers (i.e., welcome and commitment calls).· 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. Ensures completeness, accuracy, and legibility of all documentation.· Monitors and/or ensures compliance with Federal and State laws and regulations, in addition to Company policies and procedures. · Demonstrates a high level of professionalism and integrity in all internal and external interactions with employees and customers.· Consistently communicates with borrower and GSM via email and telephone to ensure smooth loan processing and that issues are addressed/resolved in a timely manner.· Ensures that investor requirements are met and warehouse lines are protected.· Ensures that data integrity exists with every transaction.· May process other loans (e.g., conventional, government, state bond, etc.), as directed by management· Performs other duties as assigned.


Education, Certification, and License Requirements · High school diploma or GED· Associate’s or Bachelor’s degree preferred Experience · Three (3) to five (5) years of 203k loan processing experience required· Proven record of processing conventional, government, and state bond loans· Previous experience with Encompass loan origination system preferred Knowledge, Skills, and Abilities · Thorough understanding of 203k loan processing· General understanding of all areas of the mortgage industry· Proficiency in Microsoft Office suite of products· Good oral and written communications skills· Ability to multitask in a fast-paced environment· Strong analytical and problem solving ability· Strong attention to detail· Strong customer service skills· Basic math skills including addition, subtraction, multiplication, division, percentages, and fractions · Knowledge and ability to use typical office equipment (PC, calculator, fax machine, etc.)