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Loan Processor

Company: Vanderbilt Mortgage and Finance
Location: Maryville
Posted on: May 29, 2023

Job Description:

Great Company. Great People. Great Career.

If you want to work for a company that invests in you while helpingcustomers achieve the dream of homeownership, check out ourLoan Processor position! As a Loan Processor youwill use your skills to work quickly and efficiently through various formsof communication, adjust priorities and offer flexibility, multitask, aswell as work with a team toward a common goal. You are rewarded byengagement opportunities and monthly bonuses, which put you on the path tosuccess! The Loan Processor is only the first step on your career journey!With endless career paths, you can work at a company you love and start aposition that puts you on a career path for success. Take the first step -It's just the beginning! Vanderbilt Mortgage. Where you start a job andgain a career!

You could be paid:

---Base plus bonus equates to $24.00/hour

---Annual potential earnings - $48K - $50K

---Average annual income/hourly rate varies depending on education,experience, and various bonuses

As a Loan Processor and a Team Member at Vanderbilt Mortgage, you canenjoy these benefits:

---Medical and Dental Plan with Prescription Coverage and Vision

---401(K) includes 100% company match of the first 4%

---Paid time off days (PTO), paternal leave, and holidays

---Enjoy coming "home" to our brand new, state-of-the-art Home Office

---Robust wellness programs, on-site workout facility, and restaurant

---Tuition Assistance for your first degree!

---Work-life balance

---Community involvement including Volunteer Paid Time Off (VTO)

---Collaborative and energetic work environment-teamwork

---Professional development and promotion opportunities-culture of mentoring

---Generous BONUSES!!!

Here's what you can expect in the role as a Loan Processor:

The Loan Processor position exists to collect, evaluate, and prioritize thenecessary elements to approve and build a loan using Federal and Stateregulatory guidelines. This role does not negotiate or advise credit terms.

Job Duties:

---Manages the loan pipeline to ensure loans fall within Federal and Stateregulatory guidelines along with company policies and procedures andpromotes and protects company reputation while avoiding costly fines.

---Minimizes points of contact for customer, often communicating on behalfof various internal groups, including but not limited to Loan Specialists(LO) and Land Examiners while accurately documenting all conversations andactivities.

---Provides detailed expectations to and between buying customers and HomeCenters using various methods of communication.

---Determines proper documentation required based on income/employment typesand loan types to verify income, employment, and other financialstipulations to ensure the customer's ability to repay the loan.

---Calculates income using information verified borrower criteria andre-calculates debt ratios on behalf of the Loan Specialists (LO).

---Orders and verifies items such as flood certification, title commitments,appraisals, surveys, closing invoices, and e-signatures using VMF system or3rd party vendors.

---Gathers, monitors for accuracy, and sorts documents collected by HomeCenters & 3rd parties and customers including but notlimited to customer identification, property owner's agreements, parkaddress and contact information, home invoices, trade home titles, proof ofproperty ownership, real estate purchase agreements, bi-weekly mortgagerequirements, job gap letters, site rent, living expenses, landlordreferences, used home repairs, etc.

---Orders and verifies items such as flood certification, title commitments,appraisals, surveys, closing invoices, and e-signatures using VMF system or3rd party vendors.

---Meets and regularly maintains department phone availability and standardsto include but not limited to call quality, accuracy, loan turn time, andRaving Fans Index (RFI).

---Performs other duties as assigned.

What you'll need to qualify:

  • High School diploma or equivalent required, college preferred.
  • Computer competency with Microsoft Office and typing skills at minimum40 wpm.
  • Ability to conduct research and make knowledgeable decisions regardingissues relation to mortgage loan processing.
  • Great attention to detail, organizational skills, and ability toperform under pressure while maintaining accuracy.
  • Positive, resilient attitude while remaining flexible to change.
  • Self-motivated and dependable.
  • Ability to work in a solution oriented, team environment.
  • Must have excellent communication skills, especially verbal and phoneetiquette.
  • Willing to learn, hard-working, determined, and assertive.
  • Effective at multitasking and quickly adjusting prioritization of loanfiles.
    But also, remember you:
    • Must be able to remain in a stationary position 75% of the time.
    • Will be constantly operating a computer and other office productivitymachinery, such as a telephone, calculator, copy machine, and computerprinter.
    • Will be communicating 90% of the time over the phone. Must be able toexchange accurate information at all times.
    • Must be able to identify and assess account status and determineappropriate process.
    • Will constantly work in a state-of-the-art indoor temperaturecontrolled, sealed window office environment.
      Here are some more reasons to choose Vanderbilt Mortgage!

      • Full-time team members have the flexibility to create their own health,dental, and vision benefits package. Vanderbilt Mortgage and Finance,Inc. provides competitive 401K programs, including investment optionsand company matching for full and part time employees after one year tohelp our team members achieve their financial goals. Additionalbenefits include paid parental leave, tuition reimbursement, EmployeeAssistance Programs, and more.
      • Vanderbilt Mortgage and Finance Inc. is a subsidiary of Clayton ofwhich is proud to have earned spots on the following Forbes lists:America's Best Employers, America's Best Employers by State, BestEmployers for Diversity, Best Employers for Women.
      • As part of Vanderbilt Mortgage's commitment toOpening Doors to a Better Life,VMF is now providing paid time for Team Members to volunteer tocauses that are meaningful to them through the Clayton Impactprogram.
      • At VMF, we encourage holistic wellness with physical, nutritional,social, financial, spiritual, and occupational programs availableonline or in-person for team members.
      • Our newly renovated Home Office campus offers an onsite restaurant,onsite fitness facility with full gym, in-person and virtual workoutclasses, yoga/barre studio, volleyball, and basketball courts, walkingpaths, and a disc golf course.
        Vanderbilt Mortgage and Finance Inc. is committed to a diverse andinclusive workplace. Vanderbilt Mortgage and Finance, Inc. is an equalopportunity employer and does not discriminate on the basis of race,national origin, gender, gender identity, sexual orientation, protectedveteran status, disability, age, or other legally protected status.

        Vanderbilt Mortgage. Where you start a job and gain a career!

Keywords: Vanderbilt Mortgage and Finance, Knoxville , Loan Processor, Other , Maryville, Tennessee

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