Mortgage Loan Processor

Job Description

Job Description

The Loan Partner Three (LP3) is a Loan Processor responsible for timely and high-quality loan processing from RESPA to Funding (lock-to-loan).

The LP3 collaborates with the Loan Officer (LO), Loan Partner Two (LP2), Branch Operations Manager (BOM), loan underwriters, borrowers, and other key stakeholders to review and submit high-quality loan applications to underwriting.

This position requires extensive knowledge of investor guidelines, strong attention to detail, expertise in analyzing cash, credit, capacity (income), and collateral, and proactive communication to minimize underwriting conditions and enhance the borrower experience.

Compensation :

$65,000 - $70,000 per year

Responsibilities : Pre-Underwrite

• Verify that the initial loan file is complete using the pre-underwrite checklist
• Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission
• Return incomplete loans to LO or LP2 with a detailed list of outstanding items (Cc’ing BOM BM)
• Initiate ALL third-party items (or direct LP3A to do so, if applicable)
• Submit high-quality loans for preliminary underwriting without over-analyzing

Post-Underwrite :

Post-Fund :

Qualifications :

About Company

LoanDepot is a national company, but at our branch in Snohomish, we’re proud to be one of the top 10 mortgage teams in the nation! We are a small group of dedicated professionals who take our work seriously but know how to have fun along the way.

We believe in balance : delivering exceptional results for clients while building a team culture that thrives outside the office. Whether we’re skydiving, paddleboarding, biking, or just sharing a few laughs, we bring the same energy and commitment to everything we do.

If you’re looking to join a team that works hard, celebrates success, and makes every day an adventure, you’ll fit right in here.