Bay Equity is a full-service retail mortgage lending institution headquartered in Corte Madera. In 2011, 2012, and 2021, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area.
We are hiring a Loan Processor for our Branch.
Duties and Responsibilities:
- Review loan application to determine the completeness of all documents and verify the borrower's qualification for specified loan product.
- Advise loan officer of any deficiencies or missing documentation.
- Work with escrow to obtain all items necessary for disclosure e.g., estimated HUD, preliminary title report, closing protection letter, and wire instructions.
- Prepare GFE, TIL, fee worksheet, and all disclosures, order appraisal, and run credit.
- Package and submit complete files to operations through Encompass program.
- Upon receipt of loan approval, work with the loan officer, loan coordinator, and escrow officer to clear all prior to doc conditions and funding conditions.
- Prepare doc request and submit to loan coordinator.
- Arrange signing for borrower with escrow officer.
- Work with funder, loan officer, and escrow officer to clear funding conditions.
- Minimum 3 years recent/current mortgage loan processing experience.
- Must have experience processing government FHA and VA loans.
- Must have experience processing conventional and non-conforming loans.
- Ability to work collaboratively with others.
- Ability to multi-task and use deductive reasoning.
- Knowledge of Encompass, Fannie Mae (DU), and Freddie Mac (LP).
We offer a comprehensive benefit package including medical, dental, vision, life insurance, 401k, and paid time off. Compensation based on experience and ranges from $35,000 - $36,000/yr. plus bonus. This is a full-time position.
Bay Equity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. Bay Equity is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact our Human Resources Department at hrdeskteam@bayeq.com.
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