Loan Officer Assistant / Processing Coordinator
Rapid Eloans is currently seeking a Loan Officer Assistant / Processing Coordinator to join their Mortgage Lending Sales team located in Rockville, MD.
This qualified candidate will assist the Loan Officers from the beginning of the application to closing by working closely with the underwriters and the applicants throughout the entire process. They will also be responsible for preparing and packaging loans from beginning of application to closing; including verification of all documentation submitted.
Ability to work effectively with clients, assist Loan Officers, and process files simultaneously, managing time and resources to ensure work is completed timely, efficiently and within established deadlines.
Assist the Loan Officer in inputting information in Encompass and to verify accuracy of the data.
Handles all administrative functions for reporting Loan Officer.
Review files submitted by Loan Officers to verify that all the required documentation needed has been supplied to submit to Underwriting.
Submit all documentation for the submission of final credit clearance to Underwriting upon receipt of file from underwriter whether suspended or approved, work closely with borrowers and Loan Officers to obtain and review all documentation received by applicants as requested by the Underwriter;
Verify with third parties such as employers, banking institutions, credit bureaus and any other sources to make sure all information provided is accurate.
Prepare all documentation for the submission of final credit clearance to the underwriter.
Education and Experience:
Associate's Degree in a related field
Minimum of 4 years of residential mortgage loan operations, processing and sales administration experience
Skills and Abilities:
Must have analytical and auditing skills as well as a firm grasp on math
Must have knowledge pertaining to the regulations and guidelines governing mortgage lending and loan processing
Must have experience in automated underwriting systems such as Encompass
Excellent computer skills, customer service, and communication skills
Fluency in Spanish a plus
Compensation and Benefits:
Compensation is commensurate with experience, education and skills
Benefits package available