Job Details

Processor - Loan

This position is REMOTE but must be located in the CST time Zone

Summary: The Processor is responsible for preparing loan submission received from Loan Officers for underwriting with Q Home Loans. They are also responsible for submitting, tracking, and following up on all documentation required to close loans.

Essential Duties & Responsibilities:

1. Review submissions for completeness of documentation required for loan approval.
2. Construction loans, FHA, VA, CONVENTIONAL, DPA, and NON QM Loans.
3. Prepare/Review Initial Disclosures
4. Submit all eligible files through DU/DO/LP/GUS for automated approval prior to submitting to APMC or other lending institution.
5. Point of contact for Loan Officer and/or Borrower
6. Obtain and review needed documentation for final approval. Follow up and work with Loan Officer/Borrower through funding on any items needed to close loans.
7. Ensure all borrowers receive final 1003 and MLDS in escrow prior to signing loan docs.
8. Final HUD 1 Review
9. Follow through in obtaining broker check and other documentation needed for closing
10. Close out files after funding to meet the standards of our Quality Control Department, work on any files with missing documentation or those that may need corrections to make sure that all files meet AMPC standards for Quality Control.
11. Conduct weekly pipeline review meetings with Loan Officers
12. Maintain current posted turn times and customer service levels
13. Develop and maintain current procedures for all functions within the Loan Processor position
14. Additional projects as assigned.

Education & Experience:

• Strong knowledge of multiple loan programs including FHA/VA, Conventional, ACCESS, USDA, DU/LP.
• At least 5 years mortgage experience
• Encompass Experience