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Loan Processor - Remote

San Diego, CA

Order: 76104

We are seeking a Loan Processor to join our team! 

 

ESSENTIAL FUNCTIONS

 

  • Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of

  • loans.

  • Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down

  • payment funds and examine supporting documentation to identify potential fraud or misrepresentation.

  • Identify potential issues and communicate to consumer and loan officer.

  • Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns,

  • verifications of employment/assets, etc. to identify and address potential issues.

  • Stay current with federal, state regulations, policies and industry trends.

  • Check ratios, and verify accuracy of AUS findings and program applicability.

  • Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit

  • loan file to underwriting for approval.

  • Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary.

  • Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.

  • Update and verify accuracy of data input into system.

  • Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any

  • applicable state-specific and or local regulations, ordinances, etc.

  • Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.

  • Order generation of loan documents.

  • Coach and provide guidance to less experienced Processors as needed.

  • Use and modify templates to compose professional correspondence and emails.

  • Provide status updates to Loan Officers, borrowers and agents.

 

QUALIFICATIONS

 

  • High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting,

  • Legal, or related field is preferred.

  • Total recent work experience includes five or more years experience as a Loan Processor, preferably processing

  • conventional and FHA loans along with at least two years of experience processing VA and Bond mortgage loans.

  • Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external

  • partners.

  • Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory

  • requirements/guidelines related to consumer mortgage lending for conventional, FHA, VA and Bond mortgage loans.

  • Expert knowledge of conventional, FHA, VA and Bond mortgage loans, including various product/program guidelines,

  • necessary conditions for approval, and investor specific guidelines.

  • Expert knowledge in new construction documentation and condominium projects.

  • Expert knowledge of valid documentation related to processing consumer mortgage applications (e.g., complex tax

  • returns, financial statements and records, verification of income and deposits, etc.)

 

NOTE: Suna Solutions provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

 

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

 

Applicants, with criminal histories, are considered in a manner that is consistent with local, state and federal laws.