Bilingual Mortgage Loan Processor -LP3
MUST HAVE MORTGAGE BROKER EXPERIENCE MUST BE FLUENT IN ENGLISH AND SPANISH Are you an experienced, detail-oriented mortgage loan processor (LP3) who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; apply today! 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), 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: $50,000 - $70,000 yearly DOE plus potential per-file bonus 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
- Initiate ALL third-party items
- Submit high-quality loans for preliminary underwriting without over-analyzing
Post-Underwrite:
- Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear
- Confirm outstanding CLA items have NOT already been received before reaching
- out to external parties (avoid duplicate requests to borrowers)
- Request conditions in layman’s terms that are easy for borrowers to understand
- Thoughtfully review and submit all conditions to underwriting
- Send all Clear to Close (CTC) requests via email to the loan team (including
- Opener)
- Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE)
Post-Fund:
- Monitor pending closed loans for funding authorization
- Clear any post-funding conditions as required
- Support LO, LP1, LP2, and borrowers with any post-funding questions
Additional Responsibilities
- Ask Clients, Agents, and other parties for referrals during the loan process
- Attend Weekly Team Meetings (WTM) to review the entire loan pipeline
- Log all crucial communication in the LOS Conversation Log
- High-quality borrower third-party communication is required, differentiating this role from a traditional Loan Processor
Qualifications:
- Conventional, FHA, VA, USDA loan product knowledge and processing experience required
- Experience working with mortgage brokers
- Be a Solution Seeker
- Fluent in English and Spanish
About Company 3 Keys Lending is a new and fast-growing mortgage company based in Utah. We are committed to delivering the best rates, products, and experience to our customers. We love clients and love helping them make the best-informed decisions for such an important aspect of their lives. Apply tot his job Apply To this Job