Mortgage Loan Processor Lp3

Pre-Underwrite

• Verify that the initial loan file is complete using the pre-underwrite checklist
• Request any additional documentation on cash, credit, and capacity (income)
• for a complete loan submission
• Return incomplete loans to LO or LP2 with a detailed list of outstanding items
• Initiate ALL third-party items (or direct LP3A to do so, if applicable)
• Submit high-quality loans for preliminary underwriting without over-analyzing

Post-Underwrite:

• Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear
• Confirm outstanding CLA items have NOT already been received before reaching
• out to external parties (avoid duplicate requests to borrowers)
• Request conditions in layman’s terms that are easy for borrowers to understand
• Thoughtfully review and submit all conditions to underwriting
• Proactively communicate with LP2 (via phone or face-to-face) on better
• submission practices
• Send all Clear to Close (CTC) requests via email to the loan team
• Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)

Post-Fund:

• Monitor pending closed loans for funding authorization
• Clear any post-funding conditions as required
• Support LO, LP1, LP2, and borrowers with any post-funding questions

Additional Responsibilities

• Collaborate with the Operations Team to improve the LP2 submission checklist for efficiency
• Attend Weekly Team Meetings (WTM) to review the entire loan pipeline
• Log all crucial communication in the LOS Conversation Log
• Build relationships with closing, funding, post-closing, and QC teams
• High-quality borrower third-party communication is required, differentiating
• this role from a traditional Loan Processor

Standard Job Requirements

• High school diploma or equivalent
• Minimum 3 years of underwriting or processing experience
• 40+ hours per week commitment
• Proficient in DU/DO and LP
• Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.)
• Strong understanding of investor guidelines
• Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, OneNote)
• Excellent verbal and written communication skills
• Strong time management ability to work under pressure
• Detail-oriented with a strong sense of accountability
• Team player with the ability to collaborate across corporate branches
• levels
• Completion of all required regulatory compliance training