Vylla

  • Loan Processor II

    Job Locations US-CA-Aliso Viejo
    Job Post Information* : Posted Date 2 months ago(9/28/2018 3:52 PM)
    Job ID
    2018-6963
    Position Category
    Loan Processing
    Default: Location : Location
    US-CA-Aliso Viejo
    Position Type
    Regular
  • Overview

    Vylla Is REDEFINING The Home Buying Experience!

     

     

    At Vylla, it is our mission to ensure a wonderful experience for all customers and to achieve our mission of delivering real estate to home buyers across the United States.  Join our team be part of leading the disruption in the home buying industry

     

     

     

     

    What do we offer? 

    • Competitive compensation.
    • Excellent benefits including Medical, Dental, Vision, Short Term and Long Term Disability Insurance.
    • 10 days of paid vacation in the first year, not including sick time or floating holidays.
    • Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
    • Customized training programs to help you advance in your career.
    • Employee referral bonuses so you’ll get the opportunity to work with friends (and get some extra cash in your pocket!).

    Responsibilities

    The Loan Processor II will be responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

     

    ESSENTIAL DUTIES AND RESPONSIBILITIES: 

    • Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.
    • Ensures the quality and compliance of work with Company policies, procedures, and investor guidelines.
    • Ensures that all loans are processed to meet Company and Investor guidelines
    • Constant communication with all external parties to the loan including but not limited to Borrower, Realtor, Closing Agent, and Appraisal Management Company.
    • Constant communication with all external parties to the loan including but not limited to Borrower, Realtor, Closing Agent, and Appraisal Management Company.
    • Communicates with Regional Vice President, Loan Officers, Operations Manager, Disclosure Department, Underwriting Department, Docs/Funding Department, and Branch Manager as required to resolve outstanding issues
    • Communicates with escrow officer/settlement agent, title officer as required to resolved outstanding issues.
    • Assists Post Closing Department as needed with making the loan whole for purchase into secondary market.
    • Reviews and evaluates credit information on mortgage loan documents to determine acceptability for loan programs.
    • Performs all duties of a Loan Processor which include but are  not limited to:
      • Receives and review loans submissions.
      • Organizes and inputs loan information received into the company’s Loan Origination System (LOS).
      • Maintains open files, orders appraisals, sends verifications, acquires documentation related to Borrower and property.
      • Pulls or verifies credit reports and flood certs  as needed.
      • Monitors incoming documents verifying data collected by Loan Officers or agents.
      • Informs loan officer, agent, borrower about discrepancies in title, appraisals, credit , employment, income and other file related items.
      • Submits completed file to Underwriting Department for approval.
      • Proactively monitors pipeline to ensure timely funding of loans.
      • Obtains necessary stipulations to clear stipulations prior to docs and funding as required by Underwriting.
      • Ensures compliance deadlines are met with regards to initial disclosures, approval letters and denials notices.
      • Process 4506T, lock confirmations and request Change of Circumstance (COC’s) as needed.
      • Prepares file for docs per checklist.
    • Assists departmental support staff when necessary.
    • Performs other related duties as assigned.

    Qualifications

    EDUCATION AND/OR EXPERIENCE: 

    • Requires a High School diploma or equivalent work experiences.
    • Two to four years of Loan Processing work experience. 
    • Experience working in a paperless environment preferred.

     

    ESSENTIAL KNOWLEDGE, SKILLS & LICENSES: 

    • Maintains highly confidential information in accordance with Company’s privacy policy concerning  borrower’s information (concerning borrower’s confidential information).
    • Requires extremely high level of organizational skills and ability to work on several tasks simultaneously.
    • Constant contact with borrower and internal office staff.
    • Normal coordination of various duties required.
    • Strong skill in the routine use of office machines such as computer, copiers, fax machines.
    • Ability to communicate effectively both verbally and in writing.
    • Ability to handle detailed assignments.
    • Ability to organize and prioritize workload and meet deadlines.
    • Must demonstrate thorough knowledge of all aspects of mortgage loan processing function and underwriting guidelines.
    • Excellent computer skills and working knowledge of Microsoft Office products.
    • Calyx Point, DataTrac, DU, LP, Encompass and other AUS experience preferred.
    • Strong customer service skills.

     

    EEO/AAP Employer

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