Job Overview
We are seeking a highly motivated and detail-oriented Remote Mortgage Processor to join our dynamic financial services team. In this vital role, you will manage the end-to-end processing of mortgage applications, ensuring compliance with industry regulations and delivering exceptional customer service. Your expertise in loan origination, mortgage servicing, and industry-specific regulations will drive smooth loan transactions from application to closing. This position offers the flexibility of remote work while maintaining a focus on accuracy, efficiency, and regulatory adherence.
Duties
- Review and verify all loan documentation, including borrower information, credit reports, income verification, and property details to ensure completeness and accuracy.
- Process mortgage applications for various loan types such as FHA (Federal Housing Administration), VA (Veterans Affairs), conventional, and FNMA (Fannie Mae) loans in compliance with TRID (TILA-RESPA Integrated Disclosure) regulations.
- Collaborate with loan officers, underwriters, and clients through internal communication channels to facilitate timely processing and resolve any discrepancies or issues.
- Ensure all loans meet federal and state lending regulations, including Fair Housing laws and banking compliance standards.
- Utilize Encompass or similar loan origination systems to input data, generate disclosures, and track application status efficiently.
- Conduct credit analysis by reviewing borrower financials, debt-to-income ratios, escrow accounts, and other relevant financial data.
- Maintain thorough records of loan documentation, contracts, escrow details, and compliance checks to support audit readiness.
- Communicate proactively with clients regarding loan status updates, required documentation, or additional steps needed for approval.
- Assist in ensuring all loans adhere to TILA (Truth in Lending Act), TRID guidelines, and other applicable mortgage servicing regulations.
Experience
- Proven experience in loan processing within the financial services or mortgage industry is essential.
- Strong knowledge of FNMA guidelines, FHA loans, VA loans, conventional mortgages, and related federal housing regulations.
- Familiarity with mortgage servicing processes and compliance with banking regulatory standards is highly desirable.
- Demonstrated ability to analyze credit reports and financial documents accurately using industry-standard tools like Encompass or equivalent systems.
- Excellent understanding of TILA, TRID compliance requirements, and mortgage documentation procedures.
- Proficiency in Microsoft Office applications for reporting and communication purposes.
- Prior experience with loan origination software and banking compliance protocols is preferred.
- Exceptional organizational skills with attention to detail to manage multiple applications simultaneously while maintaining accuracy.
- Strong internal communication skills to coordinate effectively with team members across departments.
Join us as a Remote Mortgage Processor where your expertise will help streamline mortgage transactions while ensuring compliance with industry standards! We value your dedication to excellence in financial services—apply today to be part of a forward-thinking team committed to delivering outstanding client experiences!
Pay: $52,640.89 - $63,395.48 per year
Work Location: Remote
