Seeking an experienced mortgage loan processor to work with our correspondent lending partners. The successful candidate will possess a deep knowledge of the lending industry including understanding loan officers, processors, and underwriters responsibilities as well as understanding the closing needs in order to meet significant deadlines in a fast paced, demanding environment. Communications is of paramount importance when speaking with the correspondent lender as well as working with a large variety of individuals highly motivated to close the loans. This position requires a high level of organizational skills, the ability to see issues before they occur and address them by working with team members and appropriate partner in each transaction.

Mortgage Loan Processor Responsibilities:

  • Collect and review all loan application and credit package submissions
  • Collect all required credit and related documents for loan package
  • Run FraudGUARD, DataVerify Drive, ComplianceEase, EarlyCheck and other tools to ensure compliance and fraud prevention
  • Create and submit complete loan credit file to underwriter for review
  • Work with lender partners to clear all UW conditions in a timely manner to ensure closing times are met
  • Communicate with lender partners, closing attorney’s and closers to ensure timely, accurate closings
  • Ensure all regulatory requirements are met for delivery to FMNA, FHLMC, GNMA
  • Ensure all endorsement requirements are met for submission to FHA, USDA, VA, HFAs.

Mortgage Loan Processor

  • Bachelor’s degree in Finance or related field preferred or
  • 2+ years’ experience in FHA/VA/USDA loan processing
  • Completion of MBA or similar mortgage certification program
  • Knowledge of underwriting terminology and requirements
  • Strong communications skill and patience
  • Effective demonstrated written and verbal skill
  • In-depth knowledge of real estate industry and current trends
  • Knowledge of ULDD and new URLA data points
  • Knowledge of LOS systems i.e. calyx, Elllie Mae, PCLender, etc.

Interested parties please send their resume’ to:

Standard Mortgage Corp.
701 Poydras Street, #300 Plaza
New Orleans, LA 70139-0300
Attn: Human Resource Department

Employment Application