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Latitude, Inc. Mortgage Loan Processor in Arlington, Virginia

Latitude is now hiring for a Loan Processor in the Arlington, VA area! The following job duties and responsibilities are listed below:

Roles & Responsibilities:

  • Responsible for processing loans from set-up to closing by verifying, compiling and entering borrower information in to loan processing systems.

  • Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment.

  • Verify and analyze loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all applicable federal and state regulations.

  • Interact with Mortgage Professionals to obtain information from the borrower or to seek clarification about documents in the loan file.

  • Informs the Processing Manager of discrepancies in the file and obtains direction on how to proceed, as applicable.

  • Record data to track the status of loans in processing.

  • Submit loan application files to underwriting for approval, and creates and mails approval or denial letters to applicants.

  • Submit approved mortgage loan files to closing for settlement.

  • Performs administrative duties such as faxing, photocopying, filing and phone support, as required, by Loan Processor II and Processing Managers.

Core Requirements:

  • Conventional, FHA and VA Loan experience

  • Be able to calculate the income of a loan

  • Minimum of 1 year experience in mortgage loan processing position. Prior experience involving multi-tasking and detail-oriented responsibilities.

  • Previous experience with mortgage loan processing preferred

  • Eager to be trained on underwriting

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