Mortgage Loan Processor

Loan Partner 3 (LP3) – Mortgage Loan Processor

Full-Time | Broker Model Experience Required

We're looking for an experienced Loan Partner 3 (LP3) / Loan Processor to join our top-producing mortgage team operating in the broker model. This role is ideal for a seasoned processor who takes ownership of the file, communicates confidently with all parties, and ensures loans move cleanly from Loan Setup through Funding.

This is not a paper-pushing role. Our LP3 is a true partner to the Loan Officer, borrowers, Realtors, attorneys, and underwriters.

About the Role:

As an LP3, you will manage the loan file from loan setup through funding and post-closing, ensuring accuracy, compliance, and a smooth client experience. You must be detail-oriented, proactive, and comfortable communicating verbally with all parties involved in the transaction.

This position does not require licensing.

Our top Wholesale lenders are: UWM, NewRez, Plaza, NQM Funding, Kind, The Loan Store, etc. It is imperative that our new candidate has experience with these lenders, and especially UWM and New Rez.

Compensation:

$50,000 - $70,000 yearly

Responsibilities:

• Make sure closing dates and company deadlines are met by following up on loan documentation in a timely manner
• Order the following property and loan documentation as necessary for each file: verification of employment, evidence of insurance, payoffs, tax transcripts, credit supplements, condo questionnaires, subordination requests, and title work to ensure a smooth loan process
• Help further loan approval by serving as a liaison between applicants, real estate agents, loan officers, and mortgage lending underwriters
• Handle all borrower communication from the point of contract to closing the loan
• Update loan documentation in our system on a regular basis to ensure we have detailed records of the entire loan process
• Provide comprehensive loan packages for the mortgage underwriters so they can give their approval or denial. Work with underwriters and borrowers to resolve outstanding issues that arise
• Handle the loan pipeline and ensure an efficient and compliant flow throughout the loan process

Qualifications:

• Superb communication, interpersonal, and customer service skills
• Strong knowledge of mortgage loan products (FHA/VA/CONV/USDA) and knowledge of mortgage documentation, procedures, and processes
• Minimum 2 years mortgage processing experience, 5+ preferred
• Experience as a Loan Partner, Loan Officer, Processor, LOA,and/or Underwriter
• Capable of accurately analyzing credit reports, income, and asset documents, and the various ways to assemble a loan

About Company

GoRascal revolutionizes the mortgage industry by combining Scott Valins's deep experience and service-first attitude with David Williams's operational and growth expertise. Together, they foster an innovative environment emphasizing education, positivity, and perseverance. They aim to transform the mortgage experience into a transparent, efficient, and client-centered journey.

By instilling a unified service-first culture across their team, GoRascal commits to providing clients with tailored mortgage solutions swiftly and effectively. This approach not only raises the industry standard but also ensures a seamless, positive experience for every client involved, embodying their mission to make the mortgage process more accessible and less daunting for everyone.