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Loan Correspondent

JOB DESCRIPTION

Snelling is looking for a Loan Correspondent for a mortgage company in Grand Rapids.

The Loan Correspondent requires attention to detail and professionalism to be successful.

8:30am – 5:30pm M – F

$14 – $16 per hour

 

ESSENTIAL DUTIES AND RESPONSIBILITIES of the Loan Correspondent:

* Act as primary point of contact for all correspondent loan transactions.

* Work with underwriting and purchasing department to collect information needed from correspondent and help to expedite the underwriting/purchasing process.

* Interact with lenders to assist understanding with respect to loan policy practices and laws and how they can impact a Correspondent mortgage loan funding.

* Utilize systems in place, including automated underwriting to ensure credit guidelines are met.

* Manage expected service level related to condition clearing.

* Review and manage pipeline to ensure maximum pull through rate.

* Serve as main communication point as it pertains to loan status, loan scenarios and credit guideline criteria.

* Provide feedback to both Account Executives & Correspondent Lenders.

* Provide support to underwriting, and funding and Sales team.

* Provide loan updates as needed to correspondent lender on files in underwriting or files being reviewed for purchase.

* Set loans up for purchase in the system and stage appropriately, prepare purchase advice once docs are fully approved and loan has been funded.

* Keep sales team informed of any potential issues and make them aware of training needs/opportunities with their clients.

* Maintain knowledge of  Company policies and procedures, in addition to private investor and portfolio Credit Policy and Guidelines.

* Serve as an intermediary for loan issues with Sales, Correspondent clients and other related departments.

 

Requirements for the Loan Correspondent: 

Previous banking or mortgage/loan experience

Great at multi tasking

Excellent attention to detail 

 

Qualified candidates interested in the Loan Correspondent position should submit a resume for immediate consideration.

 

LOCATION

Grand Rapids, Michigan 49546

PAY

$14

APPLY FOR JOB

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Snelling is supporting Employers deemed as Essential by continuing our operation and placing employees in these essential jobs across the country. Please call or email your local office for opportunity details.

Snelling Corporate Office

4055 Valley View Lane, Suite #700
Dallas, TX, 75244

(800) 411-6401

(972) 239-7575