Job Details

Title: Loan Processor (Non – LO – Processor) Job Status: Full Time/Hourly

Department: Loan Operations Reports to: Loan Processor Team Leader

Work Schedule: Flexible Amount of Travel Required: No travel required

Vanderbilt Mortgage and Finance, Inc. was established in 1974 and currently services over 200,000 loans. Our strength as an organization is rooted in the quality of our people and products. We are an equal opportunity employer committed to creating a diverse workforce. Furthermore, we're financially strong, with a reputation for leading the industry with unsurpassed products, a broad range of services and a coast-to-coast presence. And we're professionally strong, from entry level to more experienced positions, we're actively recruiting individuals who are passionate, positive, and eager to learn. As a member of our team, we will equip you for success, you'll enjoy excellent benefits, opportunities for growth and an encouraging culture that supports work/life balance.

POSITION SUMMARY:

The Loan Processor position exists to evaluate the financial details and background of the applicant. They perform purely administrative tasks surrounding loan processing. They do not negotiate or advise credit terms with consumers.

ESSENTIAL FUNCTIONS:

  • Coordinates with borrowers regarding intent to proceed and reallocation of funds, and to gather conditions needed for a loan closing.

  • Processes mortgage packages on behalf of the Loan Specialists (LOs).

  • Communicates with the realtors, independent dealers, and consumers to explain and request documents required to clear loan conditions.

  • Requests finalized purchase agreement from Home Center Representative just prior to ordering appraisals.

  • Orders and tracks appraisals, title work, and flood certifications.

  • Monitors processing pipeline to ensure loans are progressing based on regulatory and company’s requirements.

  • Performs other duties as assigned.

    QUALIFICATIONS:

  • High School Diploma or Equivalent required, college a plus.

  • Strong computer skills with ability to type at least 25 wpm.

  • At least 2 years of mortgage lending experience a plus.

  • Strong communication skills with a high sense of urgency.

  • Ability to conduct research and make knowledgeable decisions regarding issues related to mortgage loan processing.

  • Must be well organized, detail oriented, be able to multi-task effectively.

  • Knowledge of AS/400 and Link a plus.

    PHYSICAL DEMANDS:

  • Must be able to remain in a stationary position 75% of the time.

  • Constantly operate a computer and other office productivity machinery, such as a telephone, calculator, copy machine, and computer printer.

  • 90% communication methods completed over the phone and/or email. Must be able to exchange accurate information at all times.

  • Ability to identify and assess account status and determine appropriate process.

  • Constantly works in an indoor temperature controlled, sealed window office environment.

BENEFITS:

  • 401(K) includes 100% company match of the first 4%

  • Medical and Dental Plan with Prescription Coverage and Vision

  • Paid Time Off (PTO) and holidays

  • Tuition Assistance

  • Wellness Programs and On-site workout facility

  • On-site restaurant

  • BONUSES!!!