Reverse Mortgage Jr Loan Processor

Company Description

Traditional Mortgage Acceptance Corporation (TMAC) is a Ginnie Mae reverse-mortgage issuer of FHA-insured home equity conversion mortgages based in Bellevue, WA.

TMAC was founded in 2012 with a "direct-to-consumer" retail reverse mortgage lending division operating under the name GoodLife Home Loans®.

TMAC is headquartered in Bellevue, WA, and has offices in Houston, TX, Carlsbad, CA. TMAC is a world-class vertically integrated origination platform with outstanding risk, control, and underwriting standards.

TMAC operations in reverse mortgages encompass three main business lines : Correspondent Lending, Wholesale Lending and Retail Lending.

We started GoodLife® with one simple idea in mind, and that is to help our customers lead fuller, richer lives. From day one, we’ve worked hard to help homeowners across the country define their goals and reach them.

The market for reverse home mortgages is the financially qualifiable resident homeowner who is 62 years of age or older and has substantial equity in their primary residence.

We believe reverse mortgages are an essential financial tool for seniors and that demand for reverse mortgages will continue to grow, driven by overwhelming demographic and economic forces.

Role Description

This is a full-time remote role for a Reverse Mortgage Jr. Processor at Traditional Mortgage Acceptance Corporation. The Reverse Mortgage Jr.

Processor will be responsible for verification of data integrity in our loan origination software. File gathering and submission to underwriting in accordance with company and program guidelines, policies and procedures.

Clear loan conditions for final approval to submit to closing. Position responsibilities may include, but not be limited to the following :

Job Duties

• Review and process requests for FHA case numbers for the applicable transaction and property type in compliance to FHA requirements
• Review and process case number transfer or case number cancellation requests
• Work with loan officers, borrowers, underwriters, closers, AMC’s and title companies
• Loan setup for submissions received from Retail and Partner Originators
• Scanning and uploading file documentation into LOS and / or Document Management system
• Other duties and / or mortgage or company related tasks as assigned by management
• Ensure confidentiality of client files and borrower private information
• The employee shall work well under pressure, meet multiple and sometimes competing deadlines and shall, at all times, demonstrate professional behavior with colleagues and supervisors
• Must be able to work independently and as part of a team
• Strong customer service and communication skills are a must

Competencies

• At least 1 years' experience as a Mortgage Jr. Loan Processor
• Current knowledge of closing and title requirements
• Current knowledge of loan processing and automated underwriting
• Excellent customer service skills
• Proficient with Microsoft Suite
• Demonstrate working knowledge of federal and state guidelines, rules and regulations
• Must possess exceptional attention to detail, as well as strong analytical and time management skills
• Ability to identify and solve problems and challenges with strong attention to detail
24 days ago