November 5, 2024

Exponential Mortgage, Inc

Flushing

FULL TIME

Mortgage Loan Processor

Exponential Mortgage is seeking an experienced mortgage loan processor to join our Mortgage Operations team. This team member will efficiently process mortgage loans in accordance with mortgage and guidelines, while meeting various deadlines and maintaining satisfaction levels.
Responsibilities:

Collecting and organizing documents: Gathering and organizing all the necessary documents and paperwork for a loan application
Reviewing applications: Ensuring that all application sections are complete and accurate, and correcting any mistakes
Interviewing applicants: Gathering information about the applicant's financial background, employment status, salary, assets, and debt
Performing credit checks: Evaluating the applicant's credit history and performing credit background checks
Working with underwriters: Researching applicants and determining their loan eligibility
Preparing loan files: Writing loan files and appraisals
Submitting applications: Submitting loan files to banks or mortgage lenders for approval
Updating applicants: Keeping applicants informed throughout the application process
Following up with applicants: Keeping in contact with successful applicants to answer questions and remind them of payments and contract obligations
Finalizing loan contracts: Finalizing loan contracts and keeping clients informed of rules and obligations

Qualifications:

Minimum 3 years of experience in a similar function.
Must have experience with Encompass.
Confident in all phases of the mortgage loan origination process with a firm grasp on products and regulations for conventional and Non-QM loans.
Must have strong judgment and decision-making skills and excellent communication skills.
Located in Queens, NY or Los Angeles CA.
Fluent in Mandarin preferred.