Processor

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate’s Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, FlashClose℠, MyAccount and the Language Access Program — has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at rate.com. Job Profile: Processor Job Description Summary: "We are committed to providing a competitive and equitable total rewards package. The compensation for this role is designed to attract, retain, and motivate top talent. The expected base salary range for this position is $50,000 to $60,000 annually. Job Description: As a Processor, you are the center of the operation. Your primary focus is the swift transition from the VP sale to the UW submission then ultimately to CTC and submission to closing. You will process the file to satisfy investors and GR UW guidelines, while working with the rest of the team to communicate with the borrower and other interested parties to ensure a transparent loan process. You are responsible for "keeping everything together" by following up, restating expectations, and tracking important dates and orders, all within your expected "Time to Task." Can be Remote in the Charlotte Area Essential Duties and Responsibilities Note VP directives and review all details of loan file Request, retrieve and review all borrower supporting documents and follow up with borrower as necessary Collect application fee upon receipt of signed disclosures and borrowers' intent to proceed Process remaining third party orders Update Encompass and re-run AUS as necessary to ensure approvability Organize the file for complete and proper UW submission, anticipating all potential company and investor requirements, and submit file with intent of Clear to Close Once approved, prepare and send the initial/conditional Loan Commitment Letter to the borrower and upload to the EFolder Work with borrower or third parties to clear conditions and submit back to UW to obtain CTC Once CTC, prep file for clean submission to closing Review CD with Closing Coordinator and confirm it is accurate Confirm timely loan closing Confirm loan funding Skills and Competencies Must utilize Encompass, Outlook and YBR Organizational skills, a strong sense of urgency and ability to adopt key technology tools are critical to the success of this role. Product knowledge and underwriting guideline proficiency required. Customer service and communication skills essential to provide best in class customer service. Additional Job Description Summary: Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law. The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources). Please click this link to learn more about our benefit offerings for Washington State: Benefit Offerings for Washington State