Mortgage Loan Processor

Location: Onsite in Boston, MA
Pay: $35-$40/hour
Schedule: Monday–Friday
 

We are seeking an experienced Mortgage Loan Processor / Junior Underwriter to join a growing lending team. This is an excellent opportunity for a lending professional with experience processing residential home equity loans who is looking to expand their underwriting knowledge. The ideal candidate will be detail-oriented, organized, and knowledgeable in residential lending regulations and loan processing from application through closing.

Responsibilities

• Process residential home equity loan applications from initial disclosure through closing.
• Review loan documentation for completeness and accuracy.
• Order and review appraisals, title work, flood certifications, and other required documentation.
• Verify income, assets, credit, and collateral information.
• Calculate debt-to-income (DTI) and loan-to-value (LTV) ratios.
• Prepare Closing Disclosures and issue clear-to-close authorizations.
• Communicate with borrowers and internal teams regarding loan status and outstanding conditions.
• Assist with underwriting residential loan files and make recommendations within established guidelines.
• Ensure compliance with TRID, ECOA, HMDA, Fair Lending, and other applicable regulations.
• Prepare reports for management and support ongoing lending operations.
• Maintain accurate loan files and documentation throughout the lending process.

Qualifications

• 2+ years of residential mortgage or home equity loan processing experience.
• Experience processing loans from application through closing.
• Knowledge of home equity lending products and residential lending regulations.
• Exposure to underwriting or credit analysis is highly preferred.
• Experience using Loan Origination Systems (Encompass preferred) and Microsoft Office.
• Strong analytical, organizational, and communication skills.
• High attention to detail and ability to manage multiple loan files simultaneously.
• NMLS registration preferred or ability to obtain.

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