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Loan Processor - Remote

Company: Ocwen Financial Corporation
Location: Rancho Cordova
Posted on: June 6, 2021

Job Description:

Under the supervision of the Operations Manager of Retail Processing, the Loan Processor will be processing reverse mortgage loans in accordance with established policies and procedures and appropriate guidelines; provides strong communication and support to underwriting, loan advisors, and clients to clear conditions as needed.Job Functions and Responsibilities:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reviews loans in process daily and determines what is needed to process loans quickly. Performs document and processing system audit to ensure information integrity Manages a pipeline of 40 to 50 loans per month Funds a minimum of 15 loans per month Signs off on Tier 1 underwriting conditions Process HECM refinance transactions Review loans to ensure loan/property meets FHA and Investor guidelines Enters data from new loan applications and other documents into computer system Reviews credit reports, appraisals, flood certifications and preliminary title reports. Provides follow-up on a consistent basis with clients and loan advisors during the loan processing period Analyzes loan files and submits completed loans for approval to underwriting Responds to inquiries from clients, advisors and vendor partners regarding status of loans in process Ensures regulatory compliance Processes approval and denial letters Maintains status of all files in process and updates as needed; keeps abreast of all FHA and Investor guidelines and changes that may affect loan statusQualifications:To perform this job successfully, an individual must have the following education and/or experience: High School Diploma, GED or Military equivalent Two or more years within the mortgage industry Two or more years as a Loan Processor Thorough working knowledge of real estate documentation, policies, compliance and procedures High level of proficiency with mortgage loan processing and underwriting systems Proficient in Microsoft Office (Word, Excel and Outlook). Analyze statistical and financial data Proficient on computer programs required for position Good judgment with the ability to make timely and sound decisions Demonstrated ability to calculate figures and amounts such as discounts, interest, commissions, and percentagesTraining / Licensing Requirements: Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.This position is not eligible to be performed in the state of Colorado.

Keywords: Ocwen Financial Corporation, Rancho Cordova , Loan Processor - Remote, Other , Rancho Cordova, California

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