Construction Loan Processor

📋 Description

• • As a Construction Loan Processor at CrossCountry Mortgage (CCM), you will play a pivotal role in ensuring the smooth and efficient processing of construction loans, contributing directly to our position as a leading national mortgage lender.
• • You will be the primary point of contact for borrowers, builders, and loan officers, providing exceptional customer service throughout the loan lifecycle and meticulously managing all necessary documentation.
• • Your core responsibility will be to obtain, verify, and analyze a comprehensive set of documents required for underwriting construction loans, ensuring accuracy and completeness before submission.
• • This involves proactively communicating with various third-party vendors, such as employers, flood certificate providers, and title companies, to secure essential information and verify the completion of their services.
• • You will meticulously review vendor invoices, ensuring they are properly documented and processed.
• • A critical aspect of your role is the thorough review and analysis of borrower's credit, income, and asset documentation, aligning it with the specific requirements of each loan program.
• • Before submitting any file to underwriting, you will conduct a pre-underwriting review to identify and address any potential issues or discrepancies, ensuring a clean and complete loan package.
• • You will prepare concise loan approval summaries highlighting any missing documentation, facilitating informed decisions by the Loan Officer and Branch Manager.
• • Your communication skills will be essential as you directly engage with customers via telephone and in writing to gather any outstanding or missing documentation.
• • A deep understanding of mortgage regulations is crucial; you will be responsible for reviewing loans for compliance with RESPA, TIL, HMDA, Regulation B, and other relevant federal, state, and local mortgage lending laws.
• • You will prepare and issue accurate loan disclosures and re-disclosures as mandated by regulatory requirements, ensuring the company remains compliant.
• • Completing required loan submission, re-submission, and closing checklists accurately and efficiently will be a regular part of your duties.
• • You will be expected to manage your pipeline of loans effectively, adhering to all allotted turn times to maintain operational efficiency and customer satisfaction.
• • Meticulous record-keeping is paramount; you will document all communications and actions related to each loan application within the Loan Origination System (LOS) conversation log.
• • You will collaborate with closing, secondary, and servicing departments to secure necessary documentation for clearing outstanding suspense items, demonstrating strong teamwork and problem-solving abilities.
• • This role requires adaptability, as you may be asked to assist with loans processed by other team members during transitions.
• • The position may require working varying hours, including overtime, to meet business needs and ensure timely loan processing.
• • By ensuring the quality and completeness of loan files, you directly impact the speed and success of loan approvals, contributing to borrower satisfaction and the company's overall performance.
• • You will be an integral part of a supportive and entrepreneurial culture that values employee growth, engagement, and transparency, with unwavering support from all departments.
• • This role offers the opportunity to grow your career within a company recognized for its outstanding culture and rapid growth, providing a stable and rewarding work environment.
• • You will leverage your expertise to navigate the complexities of construction lending, a specialized and vital segment of the mortgage industry.
• • Your attention to detail and commitment to accuracy will be key in mitigating risk and ensuring the integrity of each loan transaction.
• • You will contribute to a positive borrower experience by ensuring their loan process is as seamless and stress-free as possible.
• • This position offers a competitive hourly rate plus eligibility for monthly bonus incentives, recognizing your contributions to the company's success.
• • You will be part of a dynamic team that is dedicated to providing exceptional service and achieving ambitious goals in the mortgage lending space.
• • Your work will directly support individuals and families in achieving their homeownership dreams, particularly those undertaking new construction projects.
• • You will gain valuable experience in a fast-paced, remote work environment, supported by robust company infrastructure and resources.
• • The role demands a proactive approach to problem-solving and a commitment to continuous learning in the ever-evolving mortgage industry.
• • You will be instrumental in maintaining CCM's reputation for excellence and customer satisfaction in the construction lending sector.
• • Your ability to manage multiple priorities and deadlines effectively will be crucial for success in this demanding yet rewarding role.
• • You will contribute to the company's mission of empowering employees and driving success through collaboration and transparency.
• • This position is ideal for an organized, detail-oriented individual with a strong understanding of mortgage processing and a passion for client service.
• • You will be empowered to take ownership of your work and contribute meaningfully to the company's ongoing success and growth.
• • Your role is essential in facilitating the complex process of construction financing, enabling clients to build their dream homes.
• • You will work with cutting-edge technology and systems to streamline loan processing and enhance efficiency.
• • The opportunity to work remotely across the USA offers flexibility and work-life balance.
• • You will be part of a company that is committed to diversity, inclusion, and equal employment opportunity for all.