Mortgage Loan Processor Jobs

Mortgage Loan Processor Job Description

 

At Stratton Equities, the Mortgage Loan Processor is in charge of managing a variety of loan documentation duties to include reviewing loan packages for conformity to investor requirements, correcting errors and obtaining missing information necessary for a loan decision to be made.

 

The Mortgage Loan Processor will organize and maintain a pipeline of loans and will be responsible for the timely and compliant flow of such loans after loan origination, up until loan closing.

This position requires communicating with the borrowers in a timely fashion and working directly with the Sales and Management team. The Mortgage Loan Processor will process mortgage loans for investment properties, utilizing our innovative library of loan programs with a quality that is consistent with Client and Radian Services policies and procedures as well as meeting all regulatory requirements.

 

Loan Processor Jobs at Stratton Equities

If you're looking for a career in the mortgage or real estate industry, Stratton Equities is always looking for talented individuals to bring on board as an in house Loan Processor at our flagship location in Pine Brook, NJ.  At this time, we do not offer remote loan processor jobs.

Loan Processor Position Summary:

At Stratton Equities, our in-house Loan Processor will work directly with our Loan Officers and is responsible for acting as the primary facilitator between; Sales, Title, Escrow Funding, and Borrowers.

 

The Loan Processor will be responsible for evaluating credit, income, and title reports - while managing a pipeline of loans. Additionally they will collect prerequisites through final approval and be responsible for reviewing the necessary loan documents.

 

While working directly with the team of loan officers, they will ensure the performance of all duties in accordance with the company’s policies and procedures.

Interested in joining the Stratton Equities' Team? Email Your Resume Today!

Loan Processor Responsibilities:

  • Collects all necessary documents and conditions through final approval.

  • Will work directly with the Loan Officers - Preparing the required materials, delivering all Revised Loan Estimates as well as Interim disclosures, ensuring the necessary materials are in accordance with company policies, procedures, and regulatory service levels. 

  • Manages a pipeline of 30-60 loans monthly.

  • Acts as the primary contact between the following departments, ensuring a swift process; Sales, Title, Escrow, Funding, Borrowers, and Closing. 

  • Accountable for all loan files once they are received from Loan Officers.

  • Evaluates credit, income, and title reports.

  • Performs other duties and projects as assigned.

Loan Processor Interview Questions

How to become a Mortgage Loan Processor at Stratton Equities? 

Requirements for Loan Processor Position:

  • Do you need previous Mortgage or Loan Processor Experience? Mandatory 3-4 years Loan Processor Experience 

  • What skills are required to apply for the Mortgage Loan Processor position? 

    • Demonstrates knowledge of, adherence to monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.

    • Demonstrates a commitment to the Company Culture. 

    • Advanced math skills with the following skillsets to balance accounts and locate routine mathematical errors; calculate interest as well as percentage, add, subtract, multiply and divide in all units of measure. Should have experience drafting, reading, and interpreting bar graphs. Familiar with using whole numbers, common fractions and decimals, compute rate, ratio and percent.

  • What computer or application experience is required for the Loan Processor Job? Advanced computer skills with experience in the following programs; Microsoft Office - Word, Excel, PowerPoint and Outlook. Additionally we will be utilizing a CRM - experience a plus but not mandatory, we will train you.

  • Do you need a college degree to apply for the Loan Processor Job? Bachelor’s Degree preferred

  • Are there Stratton Equities' Mortgage Loan Processor Jobs Near Me? All of our positions are in person only at our flagship Pine Brook, NJ location. We do not offer any remote loan closer jobs.

Benefits of Working as a Loan Processor with Stratton Equities:

  • Competitive compensation package

  • Benefits package including multiple health, dental & vision options

  • 401K

  • Community based team with open door policy 

 

We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Looking for Loan Officer Jobs? Apply Today to join our growing team. Learn more about our new Corporate Headquarters for Loan Officers.