Processor Jobs in Allen, TX

Processor

Dallas TX - Dallas, TX 75251; Allen TX - Allen, TX 75013

Overview

Position Type Full Time Job Shift Day Category Mortgage Loan Processing

Description

Churchill Mortgage began in 1992 with the core value of providing the highest level of integrity to each and every customer, meaning we tell our customers what is best for them even when it means we won't close their loan. We have found over and over again that treating people the way we want to be treated is not only the right thing to do, but it builds lasting relationships. Churchill Mortgage proudly embraces the sound financial principles, as heard on the Dave Ramsey Show.

Basic Function

The Loan Processor meticulously reviews and analyzes mortgage loan applications, ensures accurate documentation, verifies borrower information, coordinates with stakeholders, and facilitates the loan approval process in compliance with regulatory requirements.

Responsibilities

• Review and analyze mortgage loan applications submitted by borrowers.
• Verify the accuracy and completeness of borrower-provided documents, including income statements, tax returns, credit reports, and employment verification.
• Communicate with borrowers to request any additional documentation or information needed for the loan application.
• Provide guidance and support to loan officers in collecting necessary documentation and ensuring compliance with lending requirements.
• Conduct a thorough analysis of the borrower's credit history and creditworthiness.
• Verify the borrower's income and employment details to assess their ability to repay the loan.
• Coordinate with appraisers to ensure accurate property appraisals and evaluate the property's value in relation to the loan amount.
• Ensure that all aspects of the mortgage application process comply with regulatory requirements, including state and federal laws.
• Stay informed about different loan programs, eligibility criteria, and lending guidelines to advise borrowers and ensure adherence to program requirements.
• Collaborate with underwriters to address any additional information or conditions required for loan approval.
• Enter and update borrower information and loan details accurately into the mortgage processing system.
• Manage and prioritize a pipeline of mortgage applications to meet processing timelines and closing deadlines.
• Communicate with various stakeholders, including loan officers, underwriters, title companies, and real estate agents, to facilitate a smooth loan processing and closing process.
• Ensure the accuracy and completeness of all loan documentation to minimize errors and delays in the approval process.
• Provide excellent customer service to borrowers by addressing inquiries, providing updates, and guiding them through the mortgage process.
• Identify and resolve any issues or discrepancies in the loan application process promptly.
• Work within established timelines to ensure timely processing and closing of mortgage loans.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience

• High school diploma or general education degree (GED); related residential mortgage lending process experience and/or training or equivalent combination of education and experience required.
• 3+ years of relevant work experience in mortgage processing, loan origination, or a related field
• In-depth knowledge of mortgage regulations, underwriting guidelines, and industry standards

Skills

Independent Judgment, Oral Communication Skills, Written Communication Skills, Analyzing Skills, Reading Skills, Customer Service, Diplomacy, Organization, Negotiation, Math Aptitude, Planning, Professionalism, Proofreading Skills, Time Management, Computer Literacy, Alpha/Numeric Keyboard Skills.

Computer Skills

To perform this job successfully, an individual should have knowledge of Loan Origination Software & Pricing Engine software, preferably Encompass.

Other Requirements

Must be able to pass a criminal history information background check. Other duties may be applicable as business needs may dictate and as assigned by management. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. If you are working remotely, you must have access to reliable, high-speed internet (not satellite; Minimum of 25 Mbs download speed and 15 Mbs upload speed).

Compensation

Hourly rate plus bonus. Pay rate is based upon experience.

Benefits

Churchill Mortgage's generous benefits package is available to all full-time employees. This includes Medical, Dental, Vision, HSA, FSA, Life, Disability, Accident, Cancer, Critical Illness, Paid Time Off, 401(k) & ESOP (Employee Stock Ownership Program).

Employees Own the Company

Our ESOP was established by founder and president, Mike Hardwick, in 2013. It gives all current and future Churchill Mortgage employees ownership of the company in the form of company stock. Churchill Mortgage is the first privately-owned mortgage company to offer an Employee Stock Ownership Program (ESOP).

Churchill Mortgage Corporation is an Equal Opportunity Employer