Processor

Nova Home Loans•Tucson, AZ

1d•Remote

About The Position

The Processor reviews, analyzes, and prepares mortgage loan files for underwriting and closing by verifying documentation, ensuring program eligibility, and maintaining compliance with applicable regulations. The Processor communicates with borrowers, internal teams, and external partners to obtain required information and facilitate efficient loan processing from submission through funding. Evolving as a Processor by having… High School Diploma or equivalent required. Two (2) or more years of loan processing experience, with preference for recent experience. Demonstrated experience in a customer service environment preferred. One (1) to three (3) years of mortgage industry experience preferred.

Requirements

High School Diploma or equivalent required.
Two (2) or more years of loan processing experience, with preference for recent experience.
Knowledge of applicable federal, state, and local laws, rules, and regulations to ensure regulatory and company compliance.
Ability to maintain a high level of confidentiality regarding private, proprietary, and sensitive information.
Strong attention to detail with the ability to identify errors, inconsistencies, and missing documentation.
Proficiency with standard computer software, including Microsoft Word, Excel, and Outlook, as well as mortgage loan origination systems.
Effective verbal and written communication skills, with the ability to communicate clearly with borrowers, internal teams, and external partners.
Ability to work independently while also contributing effectively as part of a team.

Nice To Haves

Demonstrated experience in a customer service environment preferred.
One (1) to three (3) years of mortgage industry experience preferred.

Responsibilities

Review loan files for completeness, accuracy, and compliance with company standards.
Verify accuracy of data entered into the loan origination and related systems.
Analyze loan files for program eligibility and guideline applicability.
Review required documentation, including income and asset documentation, credit reports, verifications, appraisals, and preliminary title reports.
Obtain and review accurate Automated Underwriting System (AUS) findings.
Communicate with borrowers to request additional documentation and review closing figures prior to submission.
Provide timely and accurate status updates to loan officers, borrowers, and real estate agents.
Coordinate all aspects of loan submission to underwriting, including documentation requests and satisfaction of underwriting, closing, and funding conditions.
Submit loan files in a timely manner in accordance with company standards and service level expectations.
Review pre-audit HUD-1/Closing Disclosure for accuracy and work with loan officers and title companies to resolve discrepancies prior to closing.
Prioritize workload to ensure time-sensitive files are processed appropriately and deadlines are met.
Ensure compliance with all applicable federal, state, and local laws, regulations, guidelines, and company policies.
Perform other duties as assigned.