Loan Processor, Operations - Retail Processing

Job Description

Under the supervision of the Manager of Operations, Processes reverse mortgage loans in accordance with established policies and procedures and appropriate guidelines;

provides strong communication and support to underwriting, loan advisors, and clients to clear conditions as needed.

Job Functions and Responsibilities :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Reviews loans in processing daily and determines what is needed to process loans quickly.
• Performs document and processing system audit to ensure information integrity
• Manages a pipeline of 50 to 70 loans per month
• Signs off on Tier 1 underwriting conditions
• Process HECM refinance transactions
• Review loans to ensure loan / property meets FHA and Investor guidelines
• Enters data from new loan applications and other documents into computer system
• Reviews income documentation, credit reports, flood and hazard insurance, title commitments and any other documentation prior to submitting to Underwriting for sign off.

Provides follow-up on a consistent basis with clients during the loan processing period

• Analyzes loan files and submits completed loans for approval to underwriting
• Responds to inquiries from clients, advisors and vendor partners regarding status of loans in process
• Ensures regulatory compliance
• Processes approval and denial letters
• Maintains status of all files in process and updates as needed; keeps abreast of all FHA and Investor guidelines and changes that may affect loan status

Qualifications :

To perform this job successfully, an individual must have the following education and / or experience :

• High School Diploma, GED or Military equivalent
• Two or more years within the mortgage industry
• Two or more years as a Loan Processor
• Thorough working knowledge of real estate documentation, policies, compliance and procedures
• High level of proficiency with mortgage loan processing and underwriting systems
• Proficient in Microsoft Office (Word, Excel and Outlook).
• Analyze statistical and financial data
• Proficient on computer programs required for position
• Good judgment with the ability to make timely and sound decisions
• Demonstrated ability to calculate figures and amounts such as discounts, interest, commissions, and percentages

Training / Licensing Requirements :

Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal / State licensing requirements, if applicable.

The salary range for this position is expected to be $55,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate.

This position is also eligible for monthly bonus based on performance and subject to the terms of the Company's applicable plans.

About Us

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

Liberty, the reverse lending division of PHH Mortgage, is one of the largest and most experienced reverse mortgage lenders in the U.

S. We deliver education, home equity solutions, and personal care to senior homeowners and mortgage partners. Liberty provides reverse mortgage solutions including Home Equity Conversion Mortgages (HECM) and proprietary reverse mortgage loans to retail consumers, wholesale and correspondent partners.

At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions.

This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered.

We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.

Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.

If you have a disability or special need that requires accommodation, please let us know.

• Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions;
• generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness;

and more. Visit jobs.onitygroup.com for details.