Bi-Lingual (Spanish) Loan Processor

Position Responsibilities

  • Preparation of Loans for Submissions
  • Manage the pipeline on a daily basis, concentrating accordingly on older or expired loans
  • Notify the MLOs and borrowers in the case of a credit or lock rate expiration
  • Maintain the stacking order of each file and set deadlines for any preliminary documents needed
  • Print and mail out verifications, when applicable
  • Pre-underwrite files verifying the accuracy of the documents and data, confirming that they reconcile accordingly to the initial application and up-to-date program guidelines
  • Submitted File Management
  • Review commitment and send to the borrowers
  • Clearly communicate to borrowers items that are outstanding and assist in addressing questions
  • Update the Conversation Log in the Loan Origination Software with all activity on the files
  • Order title and appraisal once conditionally approved by the assigned Underwriter
  • Reconcile file conditions and contact necessary parties within 24 hours for needed information
  • Verify accuracy of conditioned documents received
  • Submit appraisal, contract of sale and conditions to the Underwriter
  • Obtain a preliminary closing date from the MLO and borrowers
  • Contact the Closing Department, then coordinate with the MLO, borrowers and other parties to setup closing once all ‘Prior to Approval’ and/or ‘Prior to Document’ conditions have been cleared and title has been reviewed
  • Loan Correspondence
  • Notify the MLO and borrowers in the event of a counter-offer
  • Send written counter offer and declination to the borrowers
  • In the event a counter-offer is accepted, obtain additional information required for commitment
  • In the event a counter-offer is not accepted, notify the MLO for re-structuring
  • In the event a loan is denied, notify the MLO to communicate this to the borrowers
  • Ensure letters of denial are sent out to the borrowers accordingly

Skills and Qualifications

  • Associate’s degree or equivalent required; Bachelor’s degree preferred
  • Excellent interpersonal and communication skills (verbal and written)
  • Self-starting, self-reliant, highly motivated and dependable
  • Efficient in time-management and ability to organize and prioritize tasks
  • Technological savvy and comfort in learning new computer systems and programs
  • Working knowledge of lending guidelines and a thorough understanding of the process and procedures
  • High school diploma required, college degree preferred
  • Minimum of 3 years of mortgage industry experience
  • Must have at least 3 years of experience with Encompass
  • Detail- oriented/strong organizational skills

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.

Equal Employment Opportunity. Homespire Mortgage Corporation provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.