Front-End Mortgage Processor

Location: Boca Raton
Posted on: November 4, 2024

Job Description:

The Front- End Mortgage Loan Processor will be responsible for performing a variety of loan documentation duties on complex loan packages and ensure compliance with policies and procedures for loan products. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.

This position will be subject to SAFE ACT registration requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing. If newly hired, would be required to complete test cases for SASE 2 within 6 months. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect eligibility for continued employment and may result in immediate termination.

Essential Job Functions/Requirements:

? Manage an assigned pipeline of 50 plus loans on a daily and weekly basis

? Process loans approved by an Underwriter or an automated decisioning systems

? A minimum of 12 months, in the past 3 years, entering ALL loan data elements in to a lending operating system (e.g., Edge, MLCS, etc.) AND then generating one of the following: CLUES, CLOUT, LP, DU.

? A minimum of 12 months, in the past 3 years, validating AND reconciling ALL of the following AGAINST ONE ANOTHER to ensure constancy AND accuracy: operating system, AUS (clues-clout-DU-LP), 1003, Credit Report.

? Maintain daily workflow prioritization to ensure pipeline management meets required closing dates

? Order all required verifications, documentation and subsequent follow-ups and ensures all timeframes and compliance requirements are being met

? A minimum of 36 months, in the past 5 years, experience calculating ALL of the following: Paystub, W2s, Bonus-Commission, passive (Alimony-Child Support), Rental Income.

? A minimum of 36 months, in the past 5 years, experience reviewing AND validating ALL of the following: Title, HOI, and Basic Appraisal.

? A minimum of 36 months, in the past 5 years, experience reviewing AND validating ALL of the following: Credit report comparison to AUS liabilities AND 1003 liabilities, INCLUDING review for undisclosed obligations.

? A minimum of 36 months, in the past 5 years, experience reviewing AND validating ALL of the following: Asset Statement for large deposits AND reoccurring liabilities AND undisclosed liabilities.

? Credit signing authority within delegated limits

We are an equal employment opportunity employer and will consider all qualified candidates without regard to disability or protected veteran status.

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