Mortgage Loan Processor

Job Type: Full-time
Work Location: In person at company offices. This is not a remote job.

ABOUT US

As a Mortgage Loan Processor at Kalb Advisors you will serve as an intermediary between potential borrowers and our financial institutions, ensuring that loan applications are processed efficiently and accurately.

We are a mortgage company that brings real estate financing solutions to domestic and foreign national borrowers in the United States. As correspondent lenders, we offer the most competitive rates and terms in the marketplace. With our offering of portfolio products, we aggressively seek to help all types of investors achieve their financing objectives.

We are expanding, and we are on the lookout for a seasoned Mortgage Loan Processor. If you’ve got the skills to manage a large volume of files efficiently, we’d love to hear from you.

QUALIFICATIONS

• At least 2 years of experience in a mortgage loan processing environment, particularly experience handling FNMA, FHA, Jumbo, Portfolio, and Foreign National loans.
• Familiarity with current underwriting guidelines, including self-employed/complex income calculations. Preferably some experience in underwriting.
• Must be able to follow loan protocols.
• Prepare LE (Loan Estimate), fee worksheet, and other required disclosures to be sent out to borrowers within a stipulated timeframe based on current industry standards and regulations.
• Experience with mortgage industry software Calyx Point.
• Strong team player with excellent written/verbal communication and computer skills.
• NMLS License is a plus.
• Bilingual in English and Spanish, preferred.
• Applications with less than 1 year of experience at a mortgage broker will not be considered.

RESPONSIBILITIES

• Process a complete file for submission to underwriting through closing and post-closing, including QC responsibilities.
• Provide quality loan processing; review all processing aspects for adherence to underwriting standards and ensure completeness of submission to UW.
• Maintain contact with borrowers to collect all necessary documents required for UW.
• Liaison between organization staff, underwriters, management, and clients.
• Timely follow-up on conditions; make accurate and correct decisions during the loan process.
• Review the entire loan originator submission file and ensure that it is complete for underwriting.
• Effectively manage the loan flow process timeline from submission to underwriting to closing.
• Manage, organize, and post-close company files.
• Submit loans to automated underwriting engines.
• Submit original loan files to underwriters and/or investors.
• Review underwriting conditions and clear conditions for closing.
• Ensure all files are processed within current regulatory requirements and all mandatory disclosures are contained in the file.

We offer a competitive salary plus bonuses to reward employees for success, company-paid licensing and training, and a retirement plan with company match.

BENEFITS

• Retirement Plan
• Health Insurance
• Paid time off

SCHEDULE

• Monday to Friday: 8-hour day shift
• Occasional on-call availability is required.

SUPPLEMENTAL PAY TYPES

Bonus pay.

EDUCATION

Associate (Preferred)

EXPERIENCE

• Fair Housing regulations: 2 years (Required)
• Customer service: 2 years (Required)
• Loan Processing: 2 years (Required)