Loan Processing Specialist

3 days ago


Pune, Maharashtra, India beBeeMortgage Full time ₹ 10,87,000 - ₹ 14,27,300
Job Summary

We are seeking a highly skilled Loan Coordinator/Processor to join our team. The successful candidate will play a critical role in guiding mortgage applications through the initial stages of processing.

This individual will be responsible for meticulously verifying borrower documentation, coordinating with third parties, and ensuring the loan file is complete and ready for underwriting, all while strictly adhering to compliance policies.

The ideal candidate will have a strong understanding of residential mortgage documentation and excellent organizational skills.

Key Responsibilities
  • Application Review: Thoroughly review the Uniform Residential Loan Application (1003) for accuracy and completeness.
  • Document Verification: Verify the authenticity and accuracy of income, asset, and credit documents submitted by applicants.
  • Third-Party Coordination: Proactively follow up with external vendors to obtain necessary documentation, including appraisals, Verification of Employment (VOE), title commitments, and insurance information.
  • Condition Clearing: Work diligently to clear all initial conditions on the loan file, addressing any deficiencies or outstanding requirements.
  • Checklist Completion: Ensure all items on the processing checklist are accurately completed and documented.
  • Underwriting Submission: Prepare and submit complete and organized loan files to the Underwriting department.
Qualifications
  • Proven Experience: Proven experience in mortgage loan processing or coordination.
  • Strong Understanding: Strong understanding of residential mortgage documentation (1003, income/asset docs, credit reports).
  • Excellent Skills: Excellent organizational skills and attention to detail.
  • Effective Management: Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
  • Strong Communication: Strong communication and follow-up skills.
  • Familiarity: Familiarity with mortgage compliance requirements, particularly the SAFE Act.
  • Technical Knowledge: Working knowledge on Encompass LOS is a plus.


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