Loan Processor
Description The Loan Processor supports the processing and closing of loans for the DC Housing Finance Agency’s Single Family Programs. Primary duties of the position include: application intake, screening, review and initial eligibility determination, submission to underwriter, preparation and transmittal of loan closing documents, and post-closing follow-up. Requirements ESSENTIAL DUTIES & RESPONSIBILITIES · Monitor loan pipeline to ensure timely loan processing and all deadlines are met · Review new loan applications for completeness and eligibility according to program guidelines to include, but not limited to, income/ratio calculations, credit reports and appraisals, calculations and verifications of allowable maximum loan amounts, etc. · Ensure documentation requirements are met including; income, employment, asset and liability verification and validation, etc. · Submit complete loan file package to Underwriter for approval decision · Coordinate closing dates and maintain closing calendar · Communicate with lenders regarding loan status, outstanding items and assist in addressing questions · Review final Closing Disclosure (CD) provided by lender/ title company to ensure compliance · Upon final approval of loan, prepare and securely transmit closing documents · Submit loan funding requests to Agency’s Office of Financial Management · Confirm receipt of complete and accurate post-closing executed documents · Assist with clearing post-closing deficiencies required for loan purchase · Monitor and ensure rate lock and closing purchase deadlines are met · Prepare reports and reconciliations as needed · Assist and attend Single Family Programs events as needed · Perform administrative duties such as ; monitoring departmental fax mailbox and receiving phone calls regarding loan programs · Perform other duties as required
KNOWLEDGE AND QUALIFICATIONS: · Associate or Bachelor’s Degree in Business or related major or equivalent years of experience required · 2-4 years of mortgage experience (bond experience a plus) · Demonstrate excellent organization skills and ability to pay strong attention to detail · ability to prioritize and meet deadlines · Ability to work independently with minimal supervision · Possess high level of integrity and confidentiality · Excellent communication skills OTHER CHARACTERISTICS: · Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines · Maintain high ethical standards of integrity and quality Click here to apply |