Description
SUMMARY:
Waterstone Mortgage is seeking a highly skilled Mortgage Loan Processor to take ownership of complex residential loan files from contract through closing. In this role, you will manage the full processing lifecycle, ensuring files move efficiently, accurately, and in full compliance with investor and regulatory guidelines.
You will partner closely with a top-producing Loan Originator and team, Underwriters, and Closers to proactively identify and resolve issues, manage critical deadlines, and deliver an exceptional borrower experience across a variety of loan programs and investors. This position requires strong organizational skills, attention to detail, and the ability to anticipate challenges before they impact the transaction.
If you are a detail-driven Processor in the Woodbury, MN area who thrives on accountability, precision, and successfully getting loans across the finish line, we encourage you to apply.
What You’ll Do
Review new files within 48 hours; validate disclosures and structure early
Analyze income, assets, and documentation within 24 hours
Submit clean, complete files to underwriting
Clear conditions quickly and keep loans on track to meet contract and lock deadlines
Maintain a tight, accurate pipeline in Encompass
Communicate proactively with your Loan Originator and borrowers
Why This Role is Different
True 1:1 partnership
Controlled pipeline, which is built for consistency, not chaos
Speed-focused environment with clean files, fast decisions
Powered by Encompass combined with modern tools to eliminate manual work
Top Performer Profile (Who Thrives Here)
You anticipate issues before they become conditions
Your files are known for being clean and well-structured
You move with urgency and control, not constant firefighting
You leverage technology to simplify your workflow
Loan Originators rely on you because you solve problems, not escalate them
You take pride in a smooth, predictable path to close
What You Bring
5+ years of mortgage processing experience
Strong proficiency in Encompass
Experience with Conventional, FHA, and VA loans
Ability to manage a pipeline with speed and accuracy
Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.