Senior Loan Processor

POSITION SUMMARY:

Ensure that all assigned loan applications are processed and prepared for funding in a timely manner and meeting all regulatory requirements. Accurately and completely document each file. Demonstrate superior Partnership and excellent customer service continually. Operate a variety of office equipment and software programs. Take full responsibility to independently perform all job functions to company standards. This is a senior level position.

ESSENTIAL FUNCTIONS:

Review all loan files immediately upon receipt. Verify Desktop Underwriter (DU) accuracy, file set-up and order out, and status of all outstanding conditions. Verify that the loan fits the requirements of loan programs. Communicate review to originating Loan Officer and to Management as required.

Secure title, credit reports, appraisals and flood reports as required. Review immediately upon receipt to ensure that they meet all regulatory requirements. Communicate receipt of documents and your review to the originating Loan Officer. Work to clarify and/or correct all problems or errors. Order all subsequent updates and or final reports as required.

Ensure that the Loan Officer secures all required documentation or information necessary from our customers. Review all documents received from Loan Officer and/or customer to ensure that they meet requirements.

Update DU and/or Underwriting as required during the processing of the loan as new information is secured or as information changes. Communicate any changes in DU requirements resulting from any update immediately to the originating Loan Officer.

Prepare all loan files for delivery to Funding within a timeframe that will allow the loan to close according to customer expectations. Ensure the following on all files:

1. All loan information is correct, fully documented, and accurately entered into DU and LoanQuest.
2. All DU, 1003 and 1008 data entry is complete, accurate and matches.
3. All DU and/or underwriting conditions have been satisfied and signed off.
4. All fees designated by the Loan Officer have been correctly detailed.
5. Any origination or processing forms that need signatures have been pulled and detailed for closing.
6. Funding instructions are fully prepared.
7. All title, appraisal or flood issues or requirements have been resolved.
8. All others tasks to ensure a file is complete, accurate and ready for funding.

Ensure that all files have insurance information and a binder as required by the bank.

Assume full responsibility for file accuracy and timeliness of delivery to funding.

Assist the Loan Officers in monitoring of lock expirations and lock management. Communicate as necessary to ensure no locks inadvertently expire.

Provide a written file review weekly to each assigned LO. Include information regarding current status, outstanding conditions and anticipated closing date of each loan in process.

Maintain excellent communication between customers, Loan Officers, Funders, and all other parties involved in each loan transaction. Provide a superior level of customer service to all parties.

Demonstrate exemplary partnership with all co-workers. Help to create a positive team environment. Work to minimize any negative situations or interpersonal conflicts.

Assist other Processors with more technical loans and detailed regulatory questions.

Assist in implementation of change, including the planning, introduction, and evolution of new systems or procedures.

Forward all withdrawn and denied loans within the timeframes and guidelines as established by the bank.

Immediately follow-up on all post-funding conditions, exceptions or requirements. Communicate any delays in completing these items to management.

Maintain at least a 90% internal audit accuracy level.

Refer all products and services at every opportunity.

Understand and maintain a thorough knowledge of operations and organization, communicating this understanding to others when appropriate and referring inquiries and correspondence to the proper department or individual. Be familiar with all permanent loan programs and other products.

Continue personal educational development.

All other duties as assigned by the Funding Center Manager.

About Aerotek:

Aerotek, headquartered in Hanover, Md., is a leading provider of technical, professional and industrial staffing services. Established in 1983, Aerotek is an operating company of Allegis Group, the largest provider of staffing services in the U.S. Aerotek operates a network of more than 200 non-franchised offices throughout the U.S., Canada and Europe. For more information, visit .

Aerotek is acting as an Employment Agency in relation to this vacancy.