Job Description

CMG Home Loans is hiring a Loan Processorto support a group of Loan Officers in the Northeast Experience working with CHFA Products is highly preferred This role is responsible for managing and executing all tasks required to ensure loan files are processed accurately, efficiently, and in full compliance with regulatory and company guidelines. The Loan Processor will play a critical role in delivering seamless and timely loan experience for both clients and business partners.

Must have experience processing loans for the Northeast and able to work Eastern Time. Experience with CHFA Products highly preferred.

Essential Duties and Responsibilities:

• Process residential mortgage loans (Conventional, Purchase, FHA, VA, Non-QM and Refinance) in a manner consistent with all company policies and procedures as well as all regulatory requirements.
• Analyze complex financial documentation and provide income calculations. Also reviews assets, and credit documents; order appraisals, title reports, and verify information is accurate and complete.
• Request, Obtain and review required loan documentation from the borrower and 3rd party vendors and submits complete loan packages to Underwriting for approval.
• Technical Skills: Proficiency in loan origination systems (e.g., Byte is a plus) and automated underwriting systems (FNMA/FHLMC)
• Obtain and review required loan documentation and submits complete loan packages to Underwriting for approval.
• Manages a pipeline of loans andmaintainstimely and compliant flow of such loans through the process.
• Communicatewith loan officers, buyers, sellers, title companies, buildersand agents.
• Provides excellent customer service by effectively communicating and cooperating with all internal and external customers.
• Monitors andensureclosing dates and company deadlines are met.
• Obtains and verifies that all underwriting conditions are received and cleared by the underwriter and prepares the file for submission to the Closing Department.
• Keeps abreast of changes in policies and procedures, standards and regulations applicable to the company and the mortgage industry. Understands and applies local, state and federal regulations related to processing mortgage loans.
• Complieswith all company policies and procedures.

Qualifications and Experience:

• Experience in CHFA Products highly preferred.
• Able to handle a pipeline of50+ loans andfundsat least20loans per month.
• Willing to jump in and do anything to get loans processed and to closing on time.
• 4-5 years of Retail loan processing experience.
• Experience processing Conventional and Government (FHA/VA) andor Non-QM loans.
• Familiarity with Byte preferred.
• Excellent customer service skills
• Ability to prioritize and work independently with minimal supervision
• Proficient in Microsoft Office, Word, Excel, Outlook, etc.
• Excellent communicationskills,both written and oral
• Ability to work in a fast-paced fluid environment and open to Overtime when needed.
• High level of integrity and confidentiality required

SUPERVISORY RESPONSIBILITIES:

Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

Base Compensation Information– For residents of the states of CA & CO, and for New York City + other areas requiring disclosure:

CMG pays a competitive base which ranges from $60,000 - $65,000plus eligible forper filebonus.Factors that affect base salary mayinclude:loan processingexperience, overall knowledge of mortgageindustry,number of years worked in mortgage industry, computer skills, customer service experience specific to working with mortgage lenders, and education.