Location: Greenwich, Connecticut
Position Type: Full-time
Work Arrangement: In-office with potential hybrid flexibility
Reports To: Head of Mortgage Operations / Managing Director
Compensation: $60,000–$120,000 base salary, plus a target annual performance incentive, depending on experience & performance.
Position Summary
BMC is seeking an experienced Senior Residential Mortgage Loan Processor to manage residential mortgage files from application through closing. This position is responsible for maintaining complete, accurate and compliant loan files; coordinating with borrowers, loan officers, underwriters, attorneys, title companies, appraisers and other third parties; and ensuring that loans progress efficiently toward scheduled closing dates.
The ideal candidate is a highly organized, proactive mortgage professional who can independently manage a substantial pipeline of purchase and refinance transactions. The candidate should have strong experience with conventional, jumbo,NonQM residential loans and be comfortable analyzing complex income, asset and credit documentation.
This is a senior-level position requiring sound judgment, exceptional follow-through and the ability to identify and resolve issues before they delay underwriting or closing
Required Qualifications
- At least five years of recent residential mortgage loan processing experience.Commercial lending experience would be a bonus.
- Demonstrated experience independently managing loans from application through closing.
- Strong purchase-transaction experience.
- Experience processing conventional and jumbo residential mortgage loans.
- Working knowledge of residential mortgage underwriting guidelines and documentation standards.
- Strong ability to analyze personal and business tax returns, self-employed income, rental income and other complex-income scenarios.
- Experience reviewing borrower assets, large deposits, gift funds, reserves and source-of-funds documentation.
- Familiarity with automated underwriting systems, including Desktop Underwriter and Loan Product Advisor.
- Experience using Residential loan origination systems.
- Knowledge of mortgage disclosures, underwriting conditions and closing requirements.
- Familiarity with applicable consumer mortgage requirements, including TILA, RESPA, ECOA, HMDA and fair-lending standards.
- Excellent written and verbal communication skills.
- Strong organizational skills and attention to detail.
- Ability to manage multiple files, priorities and deadlines in a fast-paced environment.
- Ability to communicate professionally with high-net-worth borrowers and referral partners.
- Ability to work independently while collaborating closely with loan officers, underwriters and management.
- High level of discretion when handling confidential financial information.
Preferred Qualifications
- Experience processing loans in New York, Connecticut and Florida.
- Experience with complex jumbo and high-net-worth borrower transactions.
- Experience with Jumbo, Super Jumbo, Non-QM, Bank-Statement, P&L, asset-depletion or portfolio loan products.
- Experience with condominium, cooperative, investment-property and multi-unit property borrowers.
- Familiarity with New York cooperative loans and attorney-driven closings.
- Experience working for a mortgage bank, mortgage brokerage, community bank, private lender or credit union.
- Experience mentoring or supervising junior processors.
- NMLS registration or state licensing, where required based on the employee’s duties.
Compensation and Benefits
The anticipated base salary range for this position is $60,000–$120,000 per year, depending on experience, qualifications and demonstrated production history.
The position is also eligible for a performance-based annual incentive with a target opportunity of approximately 10%–15% of base salary, paid quarterly or annually in accordance with company policy. Incentive compensation may consider file quality, on-time closings, productivity, compliance and service standards.
Additional benefits may include:
- Medical, dental and vision insurance.
- Paid vacation, sick time and company holidays.
- Retirement-plan participation.
- Employer-paid professional training.
- Commuter or parking benefits.
- Potential hybrid-work flexibility after successful completion of an initial training period.
Final benefits should be updated to reflect the company’s actual benefit programs.
Work Environment
This position is based in the company’s Greenwich, Connecticut office. Regular in-person attendance is expected. Limited hybrid flexibility may be available based on experience, performance, business needs and the company’s remote-work policy.
The role requires extensive computer and telephone use and frequent communication with borrowers, loan officers, attorneys, underwriters and settlement professionals.
Processing-Only Role
This position is principally responsible for administrative, documentation, coordination and loan-processing functions. The employee may not negotiate loan terms, quote unauthorized pricing, advise borrowers to select particular credit terms or perform activities requiring a mortgage loan originator license unless the employee is properly authorized and licensed to perform those activities.
Application Instructions
Qualified candidates should submit a résumé and a brief summary addressing:
- Years of residential mortgage processing experience.
- Average active pipeline and monthly funded-loan volume.
- Percentage of recent files involving purchase transactions.
- Loan products processed.
- Experience with self-employed and complex-income borrowers.
- Loan origination systems used.
- Preferred work arrangement and availability to work from the Greenwich office.
All inquiries and applications will be handled confidentially.
Join us as a Senior Mortgage Loan Processor Manager where your expertise will shape seamless lending experiences while ensuring strict adherence to industry standards!
Pay: $65,000.00 - $120,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Flexible spending account
- Health insurance
- Paid time off
- Relocation assistance
- Retirement plan
Experience:
- Mortgage underwriting & processing: 5 years (Required)
Language:
License/Certification:
Ability to Commute:
- Greenwich, CT 06830 (Required)
Work Location: Hybrid remote in Greenwich, CT 06830
