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Loan Processor


Position Type:
Full-Time

Location:
Chicago (River North), IL

Job Description:
Draper and Kramer Company Mortgage Corp is seeking a full time Loan Processor for our exciting and fast-paced office. The ideal candidate for this position will be responsible for analyzing, validating, and obtaining all required loan documentation in accordance with internal and multiple investor guidelines. The general duties below will aid in maintaining DKMC foundation of achievable goals, accountability, and teamwork.

Duties/Responsibilities:
• Review credit report and other liability documentation
• Calculate income and assets from statements and supporting documents
• Must be able to understand and interpret tax returns including self-employed and Schedule “C” income
• Proficient in analyzing the title report, purchase contract, HOA, homeowner’s insurance and identifying potential fraudulent or suspicions information
• Responsible for obtaining required borrower documentation, including re-disclosing GFE’s, and other required disclosures
• Daily responsibilities include running the loan information through an Automated Underwriting System (AUS) and validating the loan documents against the automated underwriting findings and calculating funds required to close
• Complete processing milestone and push to Underwriting
• Maintain a high level of customer service including extensive communication with the 1st Advantage Loan Officer, Underwriter, Closer and Manager

Required Qualifications:
• High School Diploma
• Minimum 2 years’ processing experience
• Experience with DU and LP
• Experience with conventional, FHA, VA , USDA, IHDA
• Strong analytical skills, including manual and automatic income and asset calculations
• Strong customer service skills
• Strong understanding of Agency guidelines (FNMA, FHLMC)

Preferred Skills:
• Some College Preferred
• Experience submitting loans to multiple investors
• Familiar with Encompass LOS

Posted:
06/22/2017

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