Job Summary
A company is looking for a Construction Loan Processor to manage loan documentation and communication with clients and vendors.
Key Responsibilities:
- Communicate with various companies to obtain and verify necessary vendor information for loan processing
- Review and analyze borrower's credit, income, and assets, ensuring all documentation is complete before submission to underwriting
- Prepare loan approval summaries and manage the loan pipeline within allotted turn times
Required Qualifications:
- Bachelor's degree preferred; high school diploma or equivalent combination of education and experience
- 3-5 years of residential mortgage processing experience
- Experience with renovation and/or new construction lending
- Familiarity with automated Loan Origination Systems, specifically Encompass LOS
- Knowledge of RESPA guidelines and mortgage-related regulations
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