Mortgage Loan Processor – Wholesale

Job Details

Job Location: Remote Location - Remote, AZ
Position Type: Full-Time
Education Level: High School

About On Q

On Q Financial is a national organization with our headquarters located in Tempe Arizona. We are one of the TOP mortgage lenders in the U.S. Our motto is…MORTGAGES SIMPLIFIED. If you join our team, you'll be working with:
  • An innovative and collaborative culture.
  • High performing region & team.
  • Supportive and experienced management.
  • Transparent company leadership.

WHAT YOU'LL DO HERE

Responsible for the timely and accurate packaging of all Third Party Originated loans (Wholesale, Joint Venture, and Non-Delegated), taking each file from pre-approval/approval to closing. Responsible for ensuring that all loan documentation is complete, accurate, verified and complies with company policy and/or other guidelines or regulations. Communicates with Third Party Originators, Borrowers, Internal and External Departments.

  • Review submitted documentation for accuracy and completeness as it relates to On Q requirements and standards for underwriting submission. Make calculations as needed.
  • Complete introduction calls to TPO client or borrower depending on submission type within 24 hours of assignment followed by email letting them know who you are (name and position), what to expect during the process and what documentation may be needed to submit file to underwriting.
  • Pipeline management
  • Verify data submitted by the client on the loan application and input information to the loan file for 1003 or disclosure requirements.
  • Review credit reports and verify borrower’s credit history; make calculations and communicate with borrower on any issues.
  • Follow up on and check property appraisals and issues requiring further clarification, order appraisal conditions.
  • Gather insurance documents, review file for proper disclosures.
  • Communicate and coordinate all aspects of loan process with borrowers, title companies, brokers, AMC and other business partners regarding loan status.
  • Ensure compliance with On Q and/or regulatory requirements.
  • Prepare pipeline and bonus reports for management.
  • Manage loan pipeline efficiently by getting loans closed on time, making lock expirations, and managing cancellations in a timely manner.
  • Make the customer comfortable with the transaction from start to finish by providing timely, accurate information and creating raving fans for On Q Financial.
  • Order verification: VOE, Flood Certs, Drive Report, Appraisals, Undisclosed Debt Monitoring, tax transcripts

WHAT YOU BRING TO THE TABLE

Education & Experience

  • High school graduate or equivalent preferred
  • Minimum 5 years of recent direct residential mortgage loan processing
  • Proven experience processing FHA, VA, and Conventional
  • Proven record of funding of 35+ loans per month
  • Encompass Experience Preferred but not required

Knowledge, Skills and/or Abilities:

  • Ability to process loans accurately and efficiently in a high-volume environment
  • Knowledge of DU and LP systems
  • Strong understanding of GFE, TIL and RESPA rules
  • Ability to structure files based on investor guidelines
  • Ability to read, analyze and interpret general business documents, procedural guidelines and government regulations
  • Ability to review, analyze and calculate qualifying income documentation from personal and business tax returns and other documents
  • Proactively manage personal pipeline with daily review of files to insure timely follow up and submission of files in order to meet estimate closing and lock expiration dates
  • Accurately update LOS with critical data and dates daily
  • Provide timely responses to management on weekly pipeline reviews
  • Provide customers with all loan decisions within regulatory requirements (including approvals, suspensions, declinations and needs letters)
  • Ability to deal with variables, interpret instructions and apply common sense understanding
  • Excellent organization, time management and attention-to-detail
  • Strong verbal and written communication skills with customer service focus
  • Must be able to manage multiple priorities to meet closing dates
  • Must be a team player

Benefits of Working at On Q

  • Competitive base salary.
  • Opportunity to work remotely.
  • 401(K) Plans & company match*.
  • Generous PTO & Observed Paid Holidays.
  • Employee Loan Program.
  • Comprehensive benefits package including: Medical, Dental & Vision.
  • Supplementary benefits: Voluntary Life, AD&D, LTD & STD.
  • Company-Sponsored Life, AD&D and LTD.
  • Wellness Program, Pet Insurance & Corporate Discount Program.
  • Diverse and inclusive atmosphere!

We live and breathe our core values: Support, Collaboration, Innovation, Fast-Paced & Pride! Our success over the past decade is largely due to our vision to hire the BEST people in the industry. Is that you? If so, JOIN OUR TEAM!

On Q Financial, Inc. is an Equal Opportunity Employer committed to excellence through diversity. We strongly encourage people of color, lesbian, gay, bisexual, transgender, non-binary, veterans & individuals with disabilities to apply. Diversity and inclusion are vital to fulfilling our Mission to simplify the mortgage process to make the dream of home ownership a reality—for everyone.

Our Multicultural platforms are disrupting the industry which is only made possible by our diverse, unique, and inclusive family. THE DREAM IS INCLUSIVE!

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