Loan Processor
- Employer
- District Of Columbia Housing Finance Agency
- Location
- Washington, DC
- Closing date
- Dec 3, 2021
View more
- Industry
- Financial Services and Banking
- Function
- Accountant, IT
- Hours
- Full Time
- Career Level
- Experienced (Non-Manager)
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Apply Description The Loan Processor supports the processing and closing of loans for the DC Housing Finance Agency's Single Family Programs. Primary duties of the position include: application intake, screening, review and initial eligibility determination, submission to underwriter, preparation and transmittal of loan closing documents, and post-closing follow-up. Requirements ESSENTIAL DUTIES & RESPONSIBILITIES * Monitor loan pipeline to ensure timely loan processing and all deadlines are met * Review new loan applications for completeness and eligibility according to program guidelines to include, but not limited to, income/ratio calculations, credit reports and appraisals, calculations and verifications of allowable maximum loan amounts, etc. * Ensure documentation requirements are met including; income, employment, asset and liability verification and validation, etc. * Submit complete loan file package to Underwriter for approval decision * Coordinate closing dates and maintain closing calendar * Communicate with lenders regarding loan status, outstanding items and assist in addressing questions * Review final Closing Disclosure (CD) provided by lender/ title company to ensure compliance * Upon final approval of loan, prepare and securely transmit closing documents * Submit loan funding requests to Agency's Office of Financial Management * Confirm receipt of complete and accurate post-closing executed documents * Assist with clearing post-closing deficiencies required for loan purchase * Monitor and ensure rate lock and closing purchase deadlines are met * Prepare reports and reconciliations as needed * Assist and attend Single Family Programs events as needed * Perform administrative duties such as ; monitoring departmental fax mailbox and receiving phone calls regarding loan programs * Perform other duties as required KNOWLEDGE AND QUALIFICATIONS: * Associate or Bachelor's Degree in Business or related major or equivalent years of experience required * 2-4 years of mortgage experience (bond experience a plus) * Demonstrate excellent organization skills and ability to pay strong attention to detail * ability to prioritize and meet deadlines * Ability to work independently with minimal supervision * Possess high level of integrity and confidentiality * Excellent communication skills OTHER CHARACTERISTICS: * Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines * Maintain high ethical standards of integrity and quality
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