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Mortgage Processor, Opendoor Homes Loans

Company: Opendoor
Location: Atlanta
Posted on: May 7, 2021

Job Description:

About Opendoor:Are you intrigued by the thought of disrupting a trillion dollar industry through technology? At Opendoor, we're on a mission to make it simple to buy and sell homes. The traditional process is broken, with an average home taking over 90 days to sell and costing thousands of dollars. We empower everyone with the freedom to move by making buying and selling a home stress-free and instant. We've built an exceptional team, seen strong growth, served over 85,000 customers and recently went public! The coming years present a tremendous opportunity for innovation as we explore new frontiers and scale nationwide.About the Team:The Mortgage Loan Operations Team strives to simplify loan procedures and processes, provide superior services to the customer and create long-term value by streamlining the origination process and originating loans in a cost-effective manner.These objectives are accomplished through the accurate processing of loan documents within the company standards to assure the borrower(s) receive the appropriate documents, containing correct information on time for their scheduled closing. Proper and timely setup of the account on our processing system with complete and accurate information is essential to the department's success. Opendoor Home Loans pipelines must be monitored systematically to ensure timely processing of all applications.About the Role:The Mortgage Processor is responsible for all aspects of the daily operations within a Mortgage Loan Operations Team. These operations include, but are not limited to, the completion of all loan processes: generating complete and accurate disclosure documents in a timely manner; evaluating changes in key loan characteristics and generating re-disclosure documents as appropriate; ordering, obtaining, and processing loan documentation provided by customers, settlement agents, and other third parties according to established guidelines; confirming closing fees and loan terms; preparing and securing properly executed loan documents; disbursing loan proceeds pursuant to approved loan terms; and, responding and providing status information to customers, settlement agents and all other internal and external interested parties. The Mortgage Processor is responsible for a variety of loan documentation duties using comprehensive knowledge of policies and procedures for loan products.As a Mortgage Processor, you will:Maintain proficiency in all loan processing and closing proceduresEnsure ongoing familiarity with other Opendoor Home Loans department responsibilitiesCommunicate, demonstrate, and inspires others to incorporate Opendoor's vision and Core Operating Principles in daily activitiesConsistently adherence to policies, guidelines and procedures as well as compliance regulations (HMDA, TILA, RESPA, HOEPA, FCRA and ECOA) and credit guidelinesEnsure achievement and maintenance of department performance standards to keep loans flowing into appropriate loan operations queuesVerify and compile borrower's information for mortgage loansReview residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employmentOrder all services for loans (title, appraisal, homeowners, flood certs, 4506T, credit supplements, obtaining all information from FHA Connections & VA Portal)Calculate income (fixed, salaried) and review assets (large deposits)Submit mortgage loan file for underwriting approvalWorks on obtaining conditions on the file in order to get file cleared.Maintain the highest level of customer serviceWorks closely with Mortgage Loan Originators and their assistants to gather conditions from the borrowersComplete file audit for document preparation(i.e., fee audit, vesting, validating cash to close/cash-back, insurance requirements)Communicate with Broker, Settlement Agent, and Borrower as required to ensure all parties are aware of closing status and any outstanding requirements pending to confirm a closing dateCollaborate with Settlement Agent to finalize loan feesConfirm closing terms with all parties to ensure Closing Disclosure is drawn accuratelyConsistently contribute to the ongoing Mortgage Loan Operations efforts to deliver process efficiencies to reduce costs and improve quality and productivityReview all proposed closing date request to ensure the date/time can be metIssue valid changed circumstance based on fee changes after Final Approval status/prepare CDManage and/or participate in various operations projectsWe are looking for teammates who are/have:Self-starter with the ability to plan and prioritize workload for selfStrong analytical skills and decision-making ability to make lending decisions and translate guidelinesAbility to work independently and as a team; ability to garner support and collaborate with othersStrong written and verbal communication skillsAbility to work collaboratively and supportively with management to achieve business objectivesWorking knowledge of lending compliance and regulationsAbility to multi-task and work in a deadline driven environmentEducation/Experience:Senior Mortgage Processor: Five(5) years of Mortgage Processing experienceMid Level Mortgage Processor: Two(2) years of Mortgage Processing experienceBachelor's degree or equivalent experience from which comparable knowledge and abilities can be acquiredHigh school or G.E.D. equivalent requiredKnowledgeable of conventional(Fannie Mae, Freddie Mac), Government(FHA, VA)Must be local - remote work not available for this positionMore About UsWant to learn more about us and how we are revolutionizing the home buying and selling process? Learn more about us on our website, check out our profile on The Muse to learn more about our culture from our team members, or read our blog posts to hear about the work we are doing.We Offer the Following Benefits and Perks:Your choice of coverage for medical, dental, and vision (optional for dependents)Flexible vacation policyCommuter benefitGenerous parental leavePaid time off to volunteerPlease note that these benefits and perks are available only to Full Time team members and do not apply to contract roles.Opendoor values OpennessOur team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances.

Keywords: Opendoor, Atlanta , Mortgage Processor, Opendoor Homes Loans, Other , Atlanta, Georgia

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