Title: Mortgage Loan Processor
Location: Reston, VA
Industry: Residential Mortgage Lending
Reports To: VP, Operations & Risk Management
Status: Full Time

Jones Networking is recruiting for an experienced Loan Processor for a fast-paced residential mortgage lending company in Reston. This role serves as a liaison with clients and Account Executives. The goal is to effectively oversee and expedite the application process to meet high customer service and productivity standards. Our client offers a competitive salary, 100% employer paid healthcare, 401(k) with company match, long & short term disability insurance, life insurance, tuition reimbursement, and bonus opportunities.

Loan Processor Summary:

  • Evaluate customer information, ensure validity of information and specify conditions for approval of customer applications.
  • Maintain an open line of communication with customers and account executives throughout the loan application process.
  • Review documents and verify data collected by sales staff is thorough, ensure program eligibility, and compliance with underwriting guidelines.
  • Calculate income and verify DTI prior to submission to Underwriting.
  • Follow-up on missing documentation from customers.
  • Manage a pipeline of open loan files from set-up to disbursement..
  • Enter preliminary HUD-1 information into the database.

Loan Processor Qualifications Summary:

  • Minimum two years of recent mortgage loan processing experience.
  • Working knowledge of Freddie Mac LP or Fannie Mae DUS and strong familiarity with conventional processing guidelines.
  • Ability to quickly calculate income based on tax returns.
  • Familiarity with reading personal tax returns.
  • Ability to effectively work within a deadline-driven environment.