As a Junior Processor, you will manage the end-to-end processing of Home Equity Line of Credit applications across both retail and wholesale channels. You will collaborate closely with loan officers, underwriters, external third-party partners, and clients to ensure all documentation is accurate, complete, and fully compliant with regulatory requirements.
● Review and verify borrower information, including credit reports, income, credit and asset documentation, as well as property details to ensure accuracy and completeness.
● Prepare and submit complete loan files to Underwriting to obtain approval and achieve Clear to Close upon initial review.
● Communicate with applicants to request any outstanding documentation and provide status updates at regular intervals (every 24–48 hours).
● Prepare and provide weekly pipeline updates to Loan Officers, clearly communicating the status of each loan file.
● Respond to all emails within the same business day. Urgent matters should be addressed immediately upon receipt.
● Facilitate communication with external third-party partners, including but not limited to appraisal management companies, title companies, and insurance agencies.
● Ensure full compliance with applicable lending regulations, internal policies, and investor guidelines.
● Maintain accurate and up-to-date records while consistently meeting established processing timelines.
● Consistently achieve a monthly loan closing volume of 20-30 transactions.
Qualifications
● 2+ years of mortgage or HELOC processing experience preferred.
● Strong knowledge of lending regulations and documentation requirements.
● Excellent organizational skills with high attention to detail.
● Proficient in loan origination systems and Microsoft Office Suite.
● Strong communication and customer service skills.
$40,000 - $50,000 per year