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Processor
Lincolnwood, IL
Job Description
With over 200 locations and well over 2,500 on our team, Paramount Residential Mortgage Group Inc. (PRMG) is one of the largest independently owned Mortgage Banks in the nation. The company is experiencing exponential growth in 2021 and will for many years to come. We are looking for highly qualified Processors to join our Retail team to help support our increased volume. Newly hired Processors will have the privilege of working with a talented team, along with being mentored for growth. The benefits that PRMG offers are available to all full time employees. We offer competitive salary that will be based off of experience. You will have a variety of medical, dental, vision, and other insurance products to choose from. Each year you will receive two weeks vacation time, over nine paid holidays, and five sick days, and access to our employee discount program! With all of these benefits, it is no wonder why we were voted the top 5 of the 50 Best Companies to work for 2021. So if you are looking for a Processor position that will be groomed for advancement, then PRMG is the place for you! Apply now!Job Summary:Performs the daily functions connected with loan processing. Effectively processes loans in accordance with company policies and procedures. The duties for Processor include, but are not limited to, those described below.Verifies, compiles, and inputs/updates application information for mortgage loansReviews residential loan application file to verify that application data is complete and meets establishment standards, including type, and amount of mortgage applied for including but not limited to borrower credit, assets, liabilities, and length of employmentRecommends that loan not meeting standards be denied or restructuredIs able to run AUS after application data is confirmed to be accurate and meets guidelinesIs able to order verifications (income, assets, credit, liabilities) to verify accuracy of information stated on loan applicationIs able to complete and generate various loan application forms/disclosures for borrowersIs able to order title work, insurance, condo docs for approval, appraisals, and any other property related items required for the loanIs able to perform necessary follow up on any items required for the loan in a timely manner (i.e....title, insurance, appraisal, loan conditions from borrower, etc.)Informs supervisor and/or Loan Originator of discrepancies on any loan documentation provided or orderedSubmits mortgage loan application file for underwriting approvalTypes and emails/mails approval and denial letters to applicantsSubmits approved mortgage loan file to closing departments and closing settlement agent/attorney for settlementUses all required Checklists for Underwriting and Closing DepartmentsKeeps records/logs/pipeline report on status of branch loans assigned to their queue, including number of new applications and loans approved, canceled, or deniedIs able to communicate effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan ApprovalPerforms other related duties as assignedSubmits conditions to UW Oversees Jr LP duties if applicable to branchExperience:Two or more years of loan processing experience orXinnix Training completion for Processing required AND Processing mentor assigned by branch with 2+ years active processing experienceSkills:Ability to make sound judgments regarding the resolution of customer service issuesAbility to problem-solve and exercise independent judgment while displaying a high degree of initiativeAbility to handle detailed assignments and maintain confidentialityExcellent communication and interpersonal skillsOrganizational skills necessary to prioritize workloadEducation:High School Diploma or equivalentTravel: None
Job Summary
Company
Paramount Residential Mortgage Group
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
2+ years
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