Bay Equity LLC

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Loan Processor

at Bay Equity LLC

Posted: 10/1/2019
Job Reference #: 1067740

Job Description

Loan Processor

Department:COLORADO REGIONAL
Location:Highlands Ranch, CO

Bay Equity is a full-service retail mortgage lending institution headquartered in Sausalito. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area. 

We are hiring for a Loan Processor in our Highlands Ranch Branch.

Duties and Responsibilities:

  •  Review loan application to determine the completeness of all documents and verify the borrows qualification for specified loan product
  •  Advise loan officer of any deficiencies or missing documentation
  •  Works with escrow to obtain all items necessary for disclosure e.g. estimated HUD, preliminary title report, closing protection letter and wire instructions
  •  Prepares GFE, TIL, fee worksheet and all disclosures, orders appraisal and run credit
  •  Package and submit complete files to operations through Encompass program
  •  Upon receipt of loan approval, works with the loan officer, loan coordinator, and escrow officer to clear all prior to doc conditions and funding conditions
  •  Prepares doc request and submits to loan coordinator
  •  Arranges signing for borrower with escrow officer
  •  Works with funder, loan officer and escrow officer to clear funding conditions

Minimum Requirements:

  •  Minimum 3 years recent/current mortgage loan processing experience
  •  Experience utilizing Encompass mortgage software required
  •  Must have experience processing government FHA and VA loans
  •  Must have experience processing conventional and non-conforming loans
  •  Ability to work collaboratively with others
  •  Excellent communication skills
  •  Strong customer service skills
  •  Ability to multi-task and use deductive reasoning
  •  Knowledge of Encompass, Fannie Mae (DU) and Freddie Mac (LP)

We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and paid time off. This is a full-time position with enormous growth potential in an expanding company.