Loan Processor

Summary

Join Orchard as a Loan Processor and support all operational aspects of the mortgage transaction process. You will gather and process loan documentation, ensuring compliance with policies and regulations. Ideal candidates possess experience in a fast-paced environment, focusing on mortgage loan processing and exceptional customer service. This full-time, remote position offers flexibility within specified time zones and locations. You will manage loan transactions from submission to closing, updating clients and partners on progress. Orchard offers a supportive team environment and opportunities for professional growth.

Requirements

• 2+ years experience with mortgage loan processing in Conventional, FHA, and VA loan types
• Basic knowledge of Fannie/Freddie guidelines. Ability to problem solve underwriting conditions based on guidelines
• Experience with managing loan volume of 15-20 closings per month
• Experience with TPO/Broker processing model and mortgage POS and LOS systems required
• Proficiency in DU/DO/LPA, as well as familiarity with FHA Connection and VA Portal
• Excellent organization, communication, and time management skills
• Analytical skills with strong attention to detail
• Good judgment and the ability to work independently and ethically
• Ability to multitask, work well under time constraints and within deadlines
• Commitment to working as a team-player
• Proficient in Microsoft Word, Outlook, Excel, and Google-Suite

Responsibilities

• Review and understand the client URLA for both purchase and refinance loan transactions
• Review initial client documentation to loan structure and package loan submission
• Breakdown underwriting conditions and communicate documents needed to clients
• Calculate financials (income, assets, and liabilities) per lender requirements
• Review, read, and understand client credit reports
• Review and understand debt to income ratios
• Respond to customers’ general questions, inquiries, and concerns while following escalation procedures when necessary
• Manage loan transactions from initial submission to underwriting through clearance to close
• Update customers, real estate agents, and title companies on the loan’s progress and status
• Provide top-notch customer service by effectively communicating and cooperating with team members and customers
• Process Conventional, FHA, VA, Non-QM, and Proprietary Bridge loans

Benefits

Remote work