Company Description
All Western Mortgage, Inc. specializes in mortgage loan originations including FHA, VA, Conventional, Jumbo, Non-QM, Reverse Mortgages, and Hard/private money loans. The company offers free consultations and operates under NMLS #14210. All Western Mortgage, Inc. provides a wide range of loan options to meet diverse needs.
Role Description
This is a full-time role for a Mortgage Loan Processor at All Western Mortgage, Inc. Processor can choose to work in the office, hybrid, or remote. The Mortgage Loan Processor will be responsible for processing and underwriting mortgage loans. Day-to-day tasks include reviewing loan applications, verifying documents, and ensuring compliance with lending regulations.
Qualifications
- Must be able to close at minimum 20+ loans per month (opportunity to close 30-40 loans per month is available due to high volume of organization. $200 bonus per file closed.)
- Mortgage Industry and Mortgage Lending knowledge
- Loan Processing experience
- Familiarity with loan types such as FHA, VA, Conventional, and Jumbo loans
- Strong attention to detail and analytical skills
- Excellent communication and customer service skills
- Ability to work efficiently in a remote setting
- Experience with loan origination software is a plus
- Bachelor's degree in Finance or related field preferred
- ideally located in Houston or Texas, but not required.
Responsibilities
- File Documents into Folders
- Review Income Documents and Income Worksheet
- Review Credit Report for any guideline requirements
- Upload Prelim Final (1008, FHA Transmittal, VA Loan Analysis, VA Loan Summary)
- Run AUS for Submission
- Trigger COC/LE when the loan is locked (If already in processing)
- Call out all conditions to Team
- Call out conditions to the Borrower (Follow up with borrower until received)
- Review LDP/GSA
- Pull Final LQI and determine if any new debt was pulled
- Request Amendments
- Request FHA Amendatory and VA Escape Clause
- Resubmit files for Clear to Close
- Clear any ‘Prior to Funding’ Conditions
- Clear any ‘Prior to Investor’ Conditions
Bonus/Overtime opportunity
- Per file bonus of $200, should bring at minimum an additional $48,000 in income with 20+ files closed per month
- Performance bonuses available for hard work and team effort
- Overtime available if needed