Job Overview
We are seeking a dynamic and detail-oriented Spanish Speaking Wholesale Loan Processor to join our growing financial services team. In this role, you will be the vital link between clients, loan officers, and underwriters, ensuring smooth and efficient processing of wholesale mortgage loans. Your expertise in loan documentation, compliance regulations, and industry standards will help facilitate seamless loan transactions while providing exceptional customer service to Spanish-speaking clients. This position offers an exciting opportunity to contribute to a fast-paced environment where accuracy, communication, and regulatory knowledge are key to success.
Duties
• Review and verify loan applications and supporting documentation for wholesale mortgage loans, including FHA, VA, and conventional loans
• Communicate effectively with clients, loan officers, underwriters, and third-party vendors in both English and Spanish to gather necessary information and clarify details
• Ensure all loan files comply with FNMA (Fannie Mae), TRID (TILA-RESPA Integrated Disclosure), and other federal and state regulations
• Prepare and submit accurate loan documentation, including escrow instructions, credit analysis reports, and contracts
• Monitor the progress of loan files through the underwriting process while maintaining compliance with Fair Housing regulations and lending standards
• Utilize Encompass or similar mortgage servicing software to process loans efficiently and accurately
• Conduct internal communication with team members to coordinate tasks, resolve issues, and ensure timely loan approval
Requirements
• Fluency in both Spanish and English is essential for effective client communication and documentation review
• Proven experience in loan origination or mortgage processing within the financial services industry
• Strong knowledge of FNMA guidelines, TILA (Truth in Lending Act), FHA loans, VA loans, conventional mortgages, and banking regulatory compliance
• Familiarity with mortgage servicing processes, credit analysis, underwriting procedures, and loan documentation standards
• Proficiency in Microsoft Office Suite (Word, Excel) for data entry and report generation
• Experience with Encompass or similar loan processing platforms is highly desirable
• Ability to perform basic math calculations accurately for escrow amounts, interest rates, and other financial figures
• Excellent internal communication skills coupled with a customer-focused approach to client service
• Knowledge of Fair Housing regulations and industry standards for mortgage services compliance
Join us as a pivotal part of our team where your expertise will help streamline mortgage processing for diverse clients while ensuring adherence to industry standards. We value energetic professionals committed to excellence in financial services who thrive in collaborative environments.
Pay: $60,000.00 - $120,000.00 per year
Benefits:
• Paid time off
Experience:
• Loan processing: 3 years (Required)
Language:
• Spanish (Required)
Work Location: Remote