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 Corporate Office

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

(800) 411-6401

(972) 239-7575