Senior Real Estate Loan Processor

This job is no longer active. View similar jobs.

POST DATE 9/15/2016
END DATE 10/24/2016

Mission Valley Branch San Diego, CA

San Diego, CA
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Mid-Career (2 - 15 years)
High School Diploma or GED
Required Licenses/Certifications
Min Salary
Max Salary
Salary Unit
per hour


Adecco is currently looking for a Senior Real Estate Loan Processor for a client in Sorrento Valley. If you meet the qualifications below please apply now!

General Summary
Performs full cycle of mortgage loan processing from receipt of loan application to final loan documentation process and preparation for funding.

Must be knowledgeable/have experience in Conventional, FHA and VA lending.

Main responsibilities:
-Completes the loan process timely, efficiently and with little mistakes.
-Functionally manage and maintain a minimum pipeline of 25 loans
-Responsible for duties related to loan processing and closing. This includes; identifying aspects of the transaction that may require more attention, drawing loan documents, arranging for funding, and ensuring that files are fully documented for underwriting and delivery on the secondary market.
-Enters loan information into LOS (Loan Origination System) and FNMA D/U. Evaluates and reviews DU findings, credit reports, preliminary title reports, flood certifications, appraisals, and income and asset documentation prior to forwarding the file to underwriter for final approval. -Orders 3rd party reports and validates information as needed by the loan process.
-Pre-qualifies and discuesses rates, terms and/or financial options to member.
-Communicate documentation requirements, status and potential problems to all parties related to the loan transaction
-Makes sure information is complete in loan application, all disclosures are present and compliant. Re-discloses when there is a change of circumstance.
-Produces GFE/TIL within required time frames and according to regulations. Re-discloses loan when there is a change of circumstance.
-Issues the Pre-Approval, Conditional Letter of Approval or Incomplete Notice to the borrower within the established service level agreement.
-Serves as main contact for borrower and realtor to follow-up on all underwriting and compliance related terms.
-Opens title and escrow orders on loan. Analyzes title report to ensure Credit Union will have a clear title to the property.
-Creates final closing documents and closing instructions for title/escrow. Coordinates signing of final closing documents to ensure timely funding and delivery to Investors.
-Works with closer to secure items necessary for closing.
-Completes loan locks with investors and communicates lock expiration date and requirements to member to ensure established rates and gains on loans sold to Investors are met.

-Excellent written and verbal communication skills.
-Ability to be accurate, detail-orientated and possess time-management, and organization. -Dependable, self-motivated and require minimal supervision.

Must have a strong working knowledge of mortgage loan terminology, documentation, lending policies, guidelines, and investor requirements.
-Highly proficient in FNMA D/U and major Loan Origination and Document Preparation system. NMLS registration/licensing required.
-Requires four years of work experience as a Senior Mortgage Loan processor in a financial institution or equivalent to gain the knowledge, skills and abilities to handle all aspects of the position.