Residential Loan Processing Supervisor

Full job description

Purpose:

Supervise mortgage processors while providing process oversight to ensure adherence to bank, regulatory and investor guidelines. Monitor team efficiency and production performance and provide ongoing coaching and feedback. Ensure effective teamwork and collaboration occurs among the processing team and with other areas of mortgage department. The individual will be responsible for assembling and submitting all preliminary conditions and documents for review by the underwriter. Maintaining the process workflow and pipeline production.

Job Functions:

Responsible to manage a processing team to meet all requirements including minimum production, turn times, quality and other metrics set forth by executive management.

Ability to effectively communicate across all business lines and manage the team to meet communication expectations.

Determine initial potential for qualification by evaluating credit history, income levels and assets/liabilities; calculate debt- to-income and loan-to-value ratios.

Verify that all documentation received is accurate and complete and follows up on any outstanding issues including underwriting conditions maintaining documentation tracking files appropriate.

Participates in keeping the procedure manual up to date with current procedures

As required, ensure proper re-disclosures are prepared and delivered to the borrowers within regulatory guidelines based on identified change in circumstances

Performs additional duties as requested by the Operations Manager

Required Knowledge, Skills and Abilities:

Minimum three to five years of Mortgage Loan Processing experience

Computer experience with solid working knowledge of Microsoft Word

Strong organization, interpersonal, and communication skills. Possess excellent follow up, planning, prioritization, and organizational skills

Ability to function efficiently and effectively

Must be knowledgeable with TRID

Must be able to process loans within a high-volume environment

Must have a thorough understanding of loan documentation, loan products and regulatory disclosures

Encompass mortgage operating system experience preferred

Salary Range: $75,000 - $95,000

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