Job Title: Loan Processor
Location: Raleigh, NC 27603
Duration: 4 months Assignment
Shift/Hours: 40hours/week, M-F, 8:00-5:00
Work Model: In office 5 days a week
 
Summary:

• This position processes mortgage loans, loan applications, and all associated documentation at a higher level of complexity.
• Validates application information for underwriting purposes and updates department systems accordingly.
• Prepares approved loans for closing submission and notifies appropriate parties for action on declined loans.
• Contributes to protecting the Bank from fraud, misrepresentation, and mortgage loan default through compliance with federal regulations, department policy, and standard procedures.

 
Responsibilities
Mortgage Processing:

• Verifies the accuracy and completion of all documentation or information necessary for loan closings.
• Assists in scheduling loan closings and answers questions regarding the mortgage loan process.
• Places closing conditions on the file and prepares approved loans for the Closing Department.
• Submits loans recommended for decline to second level review and issues adverse action notices.

Loan Operations:

• Provides ongoing communication to associates and management regarding loan status, conversations with applicants, and outstanding issues.
• Conveys deficiencies in loan documentation with the necessary parties.
• Ensures compliance in all operations with applicable guidelines and regulations.
• May assist management with more complex matters and projects.

Collateral Appraisal:

• Secures a property appraisal and completes the initial review against established checklists.

Business Support:

• Performs a variety of administrative support tasks during the course of mortgage processing. 

Pipeline Management:

• Manages a pipeline of active loans by updating and prioritizing activities based on projected loan closing date.
• Ensures that loans close prior to approval expiration and rate lock expiration.

Requirement:

• Encompass Experience.
• Minimum 2 years of mortgage processing experience.
• Must be able to work in fast paced environment.

 
 
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 25.00/hr.