Home > Philadelphia jobs > Philadelphia accounting/financial

Posted: Sunday, March 4, 2018 1:32 PM

Job Description
The Processors responsibility is ensure the timely and accurate processing of loans originated. This individual is the primary contact between branch employees and Underwriting.
Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.
Review new file within 48 hours of receipt and verify that compliance documents were issued within proper time frame. Notify the appropriate staff member if additional documentation or information is needed.
Ability to maintain a pipeline of 30 to 35 files and/or three to five loan originators.
Order all necessary documents to satisfy AU and/or product requirements from Loan Originator, customer or vendor.
Track all requested documents in Encompass.
Prepare loan for underwriting submission by utilizing investors submission checklist.
Clear any approval or suspense conditions as outlined by the underwriter.
Ensure that all appropriate closing documentation is in the loan file.
Loans are to be processed to meet contract deadlines and rate lock expiration dates.
Assist with the clearing of post: closing exceptions received by investor.
Knowledge of current states mortgage lending laws.
Order FHA and VA case numbers on government sites.

Completes any additional duties assigned by management.
Complete regulatory and compliance training, as required.
Assists WMC employees and departments as needed.

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

A high school diploma or general education degree (GED)
2:3 years of convention fixed and ARM mortgage loan processing experience.
Some working knowledge of VA and FHA loan processing and experience working with five or more investors is preferred.

Experience on a mortgage loan processing system, preferably Encompass
Knowledge of DU, LP and other AU systems, FHA connection, and the VA web site


• Location: Philadelphia

• Post ID: 63619297 philadelphia is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018