Bank of Hope

Senior Loan Processor - Mortgage

Bank of Hope • $90K — $100K *
Irvine, CA 92620In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • High School Diploma or equivalent required
  • 10+ years of mortgage loan processing experience
  • Proficient in using Encompass software
  • Strong knowledge of Conventional, Jumbo, FHA/VA loans
  • Excellent problem-solving skills for resolving discrepancies
  • Ability to manage multiple tasks in a fast-paced environment
  • Professional work ethic and attitude

Responsibilities

  • Ensure files are complete and conditionally approved for underwriting
  • Meet compliance timing requirements diligently
  • Follow Loan Workflow Expectations for processing turn times
  • Review loan files for errors, organizing and validating their accuracy
  • Identify potential fraud indicators and resolve compliance notices
  • Coordinate with Underwriting for timely loan processing
  • Manage retrieval and review of all required documentation for closings
  • Oversee loan pipeline and monitor closing dates to prevent expirations

Benefits

  • Comprehensive health benefits
  • Retirement savings plan options
  • Professional development opportunities
  • Work-life balance initiatives
  • Performance-based bonus structure
Full Job Description
  • Ensure files are in proper condition and submit complete package to underwriting for approval w/min. conditions.
  • Ensure compliance timing requirements are met.
  • Adhere to the turn times outlined in the Loan Workflow Expectations
  • Review files for errors & inconsistencies, organize, analyze, update, and validate the loan files in the LOS.
  • Review files for possible signs of fraud/misrepresentation, review fraud report, resolve LOS compliance notices.
  • Follow up with Underwriting for timely processing and moving the file to approval.
  • Retrieve and review all PTD's conditions received from all parties and Underwriting conditions are cleared timely.
  • Ensure change in circumstance requests are completed when a valid change occurs.
  • Ensure change in circumstance are notified to disclosure desk timely.
  • Order review and upload closing protection letters to the LOS.
  • Retrieve and review condominium questionnaires, insurance policies and other corresponding condominium docs.
  • Perform verbal (or written) verification of employment.
  • Complete closing transmittals and submit file to the closing department with all required closing documents.
  • Coordinate with funding department for any outstanding PTF conditions and cure them.
  • Manage loan pipeline and update all close of escrow dates and ensure the dates have not expired.


Job Qualifications/Requirements

Education/Credentials

  • Minimum Education Level: High School Diploma


Prior Experience

  • Required: 10+ years
  • Required: Mortgage loan processing experience


Technical Skills

  • Required: Good working knowledge of Encompass
  • Required: Knowledge of Conventional, Jumbo, FHA/VA loans
  • Required: Well-developed problem-solving skills to research and resolve discrepancies
  • Required: Ability to multi-task in a fast-paced environment
  • Required: A professional work ethic and attitude


The salary range for this full-time position is $43.27 - $48.07 hourly + bonus + benefits

Salary ranges are determined based on qualifications, level, and location.

Exact compensation may vary based on your skills and experience.

About Bank of Hope

Bank of Hope is a commercial bank headquartered in Los Angeles, California. It was founded in 1976 as BBCN Bank and changed its name to Bank of Hope in 2017. The bank provides a wide range of financial products and services to individuals, small businesses, and commercial clients, including deposit accounts, loans, credit cards, and wealth management services. Bank of Hope operates more than 50 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama. The bank is committed to serving the needs of the Korean-American community and other diverse communities, and has been recognized for its efforts to promote diversity and inclusion in the workplace.
Learn more about Bank of Hope
Size
1,300 employees
Industry
Finance & Insurance
* Ladders Estimates

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