Junior Loan Processor (HELOC)
- Remote
- Full time
As a Junior Processor, you will manage the end-to-end processing of home equity line of credit applications across both retail and wholesale channels. You will collaborate closely with loan officers, underwriters, external third-party partners, and clients to ensure all documentation is accurate, complete, and fully compliant with regulatory requirements.
Responsibilities
- Review and verify borrower information, including credit reports, income, credit and asset documentation, as well as property details to ensure accuracy and completeness.
- Prepare and submit complete loan files to underwriting to obtain approval and achieve clear to close upon initial review.
- Communicate with applicants to request any outstanding documentation and provide status updates at regular intervals (every 24 to 48 hours).
- Prepare and provide weekly pipeline updates to loan officers, clearly communicating the status of each loan file.
- Respond to all emails within the same business day. Address urgent matters immediately upon receipt.
- Facilitate communication with external third-party partners, including but not limited to appraisal management companies, title companies, and insurance agencies.
- Ensure full compliance with applicable lending regulations, internal policies, and investor guidelines.
- Maintain accurate and up-to-date records while consistently meeting established processing timelines.
- Consistently achieve a monthly loan closing volume of 20 to 30 transactions.
Qualifications
- 2+ years of mortgage or HELOC processing experience preferred.
- Strong knowledge of lending regulations and documentation requirements.
- Excellent organizational skills with high attention to detail.
- Proficient in loan origination systems and Microsoft Office Suite.
- Strong communication and customer service skills.