Renaissance Community Loan Fund
Mortgage Loan Processor - Gulfport, MS, or Hattiesbug, MS
Renaissance Community Loan Fund, Gulfport, Mississippi, United States, 39503
\*\*PLEASE NOTE\*\* This position can be located in either Gulfport, MS, Hattiesburg, MS OR Mobile, AL. This is not a remote position, applicants must be able to reasonably commute to one of the three locations.
Want to make an application Make sure your CV is up to date, then read the following job specs carefully before applying.
RCLF's Mortgage Loan Processor is a full-time, non-exempt salary-based position that reports to the Program Director of the organization. The Mortgage Loan Processor assists RCLF borrowers that are applying for a residential mortgage loan in all aspects of the loan process to include processing, underwriting and closing of the loan.
Responsibilities:
* Process mortgage loan applications; input new loan data and update existing data as necessary into the loan software, Fannie Mae automated underwriting system and the Investor’s loan system. * Review and analyze credit documentation, compile information and update as needed, request additional information as required, organize files, collect funds as necessary and submit information to ensure timely processing of application. * Obtain the appropriate documentation from the loan applicant and organize a follow up on items unaccounted for but required. * Monitor status of loans in pipeline daily; communicate with originators, borrowers, investors, real estate agents and closing agents as necessary and required. * Monitor and order documents such as credit report, verifications (deposit, employment, rent or mortgage), appraisals, final inspections, title work, flood certificates, assist with insurance policies and ensure coverage prior to closing. * Review underwriter conditions and work with borrowers to clear conditions for closing approval. * Clear post-closing conditions in order for investor to purchase loan. * Ability to process multiple loans per borrower to include down payment assistance subordinate loans. * Assist loan originators and other staff as needed. * Maintain knowledge of Calyx, Fannie Mae, FHA, VA and USDA guidelines and investor requirements. * Stay informed and knowledgeable of RCLF's loan products and in-house underwriting guidelines. * Stay informed with changing rules, regulations and guidelines from FNMA, FHLMC, FHA, USDA and VA in addition to other investors and agencies. * Perform other tasks requested as they relate to the daily operations and programs of RCLF.
Abilities and Experience:
* Minimum 3 years of experience in the field of mortgage processing is required. * Proficient experience using Calyx Point System is required. * Proficient in paperless processing of loan documents. * Ability to manage difficult situations between interested parties in the mortgage transaction. * Proficiency in Excel and Word. * Experience using Adobe software * Extensive knowledge of processing, underwriting and closing requirements. * Extensive knowledge of conventional and government lending requirements. * Extension knowledge of federal and state regulations, SAFE Act compliance guidelines and where applicable governing real estate lending.
RCLF Community Loan Fund – Mortgage Loan Processor | Page 2
* Ability to prioritize and perform under pressure, and work independently to meet deadlines. * Strong oral and written communication skill with the ability to communicate effectively at all levels. * Availability to adjust work hours as needed.
Job Type: Full-time
Benefits: * 401(k) * 401(k) matching * Dental insurance * Employee assistance program * Health insurance * Life insurance * Paid time off * Tuition reimbursement * Vision insurance
Work Location: In person
Want to make an application Make sure your CV is up to date, then read the following job specs carefully before applying.
RCLF's Mortgage Loan Processor is a full-time, non-exempt salary-based position that reports to the Program Director of the organization. The Mortgage Loan Processor assists RCLF borrowers that are applying for a residential mortgage loan in all aspects of the loan process to include processing, underwriting and closing of the loan.
Responsibilities:
* Process mortgage loan applications; input new loan data and update existing data as necessary into the loan software, Fannie Mae automated underwriting system and the Investor’s loan system. * Review and analyze credit documentation, compile information and update as needed, request additional information as required, organize files, collect funds as necessary and submit information to ensure timely processing of application. * Obtain the appropriate documentation from the loan applicant and organize a follow up on items unaccounted for but required. * Monitor status of loans in pipeline daily; communicate with originators, borrowers, investors, real estate agents and closing agents as necessary and required. * Monitor and order documents such as credit report, verifications (deposit, employment, rent or mortgage), appraisals, final inspections, title work, flood certificates, assist with insurance policies and ensure coverage prior to closing. * Review underwriter conditions and work with borrowers to clear conditions for closing approval. * Clear post-closing conditions in order for investor to purchase loan. * Ability to process multiple loans per borrower to include down payment assistance subordinate loans. * Assist loan originators and other staff as needed. * Maintain knowledge of Calyx, Fannie Mae, FHA, VA and USDA guidelines and investor requirements. * Stay informed and knowledgeable of RCLF's loan products and in-house underwriting guidelines. * Stay informed with changing rules, regulations and guidelines from FNMA, FHLMC, FHA, USDA and VA in addition to other investors and agencies. * Perform other tasks requested as they relate to the daily operations and programs of RCLF.
Abilities and Experience:
* Minimum 3 years of experience in the field of mortgage processing is required. * Proficient experience using Calyx Point System is required. * Proficient in paperless processing of loan documents. * Ability to manage difficult situations between interested parties in the mortgage transaction. * Proficiency in Excel and Word. * Experience using Adobe software * Extensive knowledge of processing, underwriting and closing requirements. * Extensive knowledge of conventional and government lending requirements. * Extension knowledge of federal and state regulations, SAFE Act compliance guidelines and where applicable governing real estate lending.
RCLF Community Loan Fund – Mortgage Loan Processor | Page 2
* Ability to prioritize and perform under pressure, and work independently to meet deadlines. * Strong oral and written communication skill with the ability to communicate effectively at all levels. * Availability to adjust work hours as needed.
Job Type: Full-time
Benefits: * 401(k) * 401(k) matching * Dental insurance * Employee assistance program * Health insurance * Life insurance * Paid time off * Tuition reimbursement * Vision insurance
Work Location: In person