Are you ready to be part of a dynamic and innovative mortgage company that prioritizes relationships over transactions? At NQM Funding, LLC, dba Premier Mortgage Associates, we have been dedicated to turning dreams of homeownership into reality for over 25 years. We believe in building enduring relationships with our clients, providing personalized mortgage solutions that truly put their needs first. Our commitment to excellence and integrity sets us apart, allowing us to close loans based on genuine connections rather than mere leads.

Embark on a fulfilling career where your dedication to client satisfaction is valued and makes a real difference. Join our team and discover a path where passion aligns with excellence, providing daily opportunities to make a significant difference. Apply today and become part of our journey to create homeowner success stories!

Our Corporate Office is looking to hire a Processor.

ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 50 MBPS.

Job Title: Processor

Reports To: Processing Team Lead/ Director of Processing

FLSA Status: Non-Exempt

Department: Processing

Division: Retail

Annual Salary Range: $60K to $75K

Summary: Responsible for reviewing, monitoring and processing loan applications by performing the following duties.

Duties and Responsibilities include the following.

• Verifies all loan application documentation has been received to include:
  • All disclosures
  • All income documents required to qualify the borrower
  • All asset documents require for the real estate transaction
  • Credit report and all corresponding credit documents
  • Collateral documents, including purchase agreement, appraisal, inspections if required.
  • Title and insurance documents on the subject property
• Reviews opening email from compliance to ensure the accuracy of the ordered items, follow up on any ordered items not returned before the file is transferred from the opening department, and order any additional items that may be required or could not be ordered at the time the file was opened.
• Ensures all documents are filed via AIQ, labeled correctly, and has flowed over to encompass.
• Provides opening email to the client, including the Loan Officer and Loan Officer Assistant, to introduce themselves as the point of contact on the loan during the transaction with NQM Funding/Premier Mortgage. Opening email will also include any additional items that will be needed to send the loan in for initial review or will let the borrower know that the loan has been submitted for a decision.
• Corrects income, assets and vital information on application documents that may have not been accurately disclosed at the time of application.
• Completes necessary tasks for condominium property loans directly with the HOA, following a checklist to ensure compliance with full or limited review and product guidelines.
• Complete any verification of employments not done through the opening process, which may include income, assets, and credit items.
• Reviews and ensures income ratios, loan values, cash reserves, and credit histories meet loan program requirements based on the loan product selected.
• Documents all communication with applicants and internal personnel in a conversation log, including emails and verbal conversations with all parties (not limited to the consumer, loan officer, loan officer assistant, internal partners, and external 3^rd party partners)
• Ensures that the loan is directed to either the internal or external underwriting departments according to the lender's choice or the loan program determined by the Loan Officer.
• Provides updates and requests necessary documentation from the client, including Loan Officer and Loan Officer Assistant, following the loan decision.
• Following the initial review of the items, the processor is required to conduct a thorough reevaluation, follow-up, and request any necessary documents to ensure their compliance with the underwriter's requirements before resubmitting them for the underwriter's review.
• The processor is also responsible for making sure that all loans are compliant, which includes TILA-RESPA, ECOA and additional internal compliance guidelines.
• Verify that the Initial Closing Disclosure has been triggered within the system to ensure timely delivery to the consumer and prevent any delays in the closing process.
• Ensure that all necessary documents and requirements for closing and funding are in order after the loan has been cleared-to-close by the underwriting department.
• Coordinates with title company or closing attorney to verify closing date and time, and enters any specific instructions into the system for the closing team.
• Performs other related duties as assigned per NQM Funding/Premier mortgage policy and procedures.

Skills:

• Oral Communication Skills

• Written Communication Skills
• Reading Skills
• Customer Service
• Organization
• Negotiation
• Math Aptitude
• Planning
• Professionalism
• Proofreading Skills
• Time Management
• Computer Literacy
• Alpha/Numeric Keyboard Skills
• Strong Non-QM Background

Systems:

• Desktop Originator/Underwriter
• Loan Prospector
• Encompass
• VA Portal
• FHA Connection
• Ability to learn lender portals
• Familiar with credit agencies

Education/Experience:

• Degree: High School Diploma or Equivalent. Prior 3-5 years of loan processing or related experience required. Experience with Desktop Underwriter and Loan Prospector.

NQM Funding, LLC offers the following benefits:

• Medical Plan
• Dental Plan
• Vision Plan
• GAP Insurance
• Life Insurance paid by the company
• Voluntary Life Insurance
• 401K
• Pet Insurance
• Legal Shield/ID Shield

Equal Employment Opportunity:

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.