Junior Loan Processor (Consumer Direct)

Description

Junior Loan Processor (Consumer Direct)

Location: Hybrid

Job Type: Full-time

Industry: Financial Services / Mortgage Lending

About Newfi Lending

Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is owned by Apollo Global Management, one of the largest private equity firms in the world. As one of the largest non-QM lenders in the industry, we are passionate about offering innovative lending solutions to borrowers nationwide. Our proprietary loan programs and common-sense exceptions provide greater opportunities to qualify self-employed borrowers, real estate investors, and borrowers seeking to access their home equity through our Wholesale, Correspondent, and Consumer Direct channels.

Why Join Newfi Lending? Newfi Lending offers competitive compensation, including performance incentives, comprehensive benefits, and a dynamic work environment. We are committed to innovation, integrity, and customer focus. Join us in shaping the future of mortgage lending.

Position Overview

Newfi Lending is looking for a highly organized and detail-oriented Junior Loan Processor to assist our Loan Officers and Senior Processor in managing loan files from origination to closing. This entry-level position is ideal for someone eager to grow in the mortgage lending field and thrive in a fast-paced environment. Responsibilities include coordinating with title companies, insurance agents, and clients, maintaining accurate documentation, and ensuring loan files stay on track for timely closings. If you’re ready to launch your career in loan processing, we want to hear from you!

Requirements

• File Management & Updates: Maintain accurate and timely updates on loan files using Meridianlink and proprietary origination platform. Ensure all fees and documentation are correct.
• Communication: Act as a liaison between Loan Officers, title companies, insurance agents, and clients. Keep Senior Processors and Loan Officers copied on all important communications.
• Process Orders & Requests: Request and manage documents from third parties (title companies, insurance agents) and ensure all necessary files are in place for underwriting.
• Timeline Management: Serve as the gatekeeper for deadlines, ensuring files progress smoothly towards closing and meet all deadlines.
• Client Follow-Up: Regularly follow up with clients and borrowers to ensure they understand their loan status and have submitted any necessary documentation.
• Daily Updates: Monitor email for files approaching closing, sort through title documents and appraisals, and ensure internal pipelines are up-to-date.
• Work with Underwriters and Closers: Collaborate closely with underwriters and closers to move files towards closing, addressing any issues that arise and providing updated documentation as needed.
  
  

Qualifications And Skills

• Organization & Project Management: Strong organizational skills, with the ability to label and organize files consistently and manage multiple projects simultaneously.
• Tech-Savvy: Comfortable with technology, particularly loan processing software (e.g., Meridianlink)
• Strong Communication Skills: Ability to effectively communicate with clients, team members, and third parties.
• Detail-Oriented: Ensures numbers and files are accurate and up-to-date.
• Adaptability: Able to handle constructive criticism, work under high-pressure situations, and adapt to the unique needs of each loan file.
  
  

Benefits

• Competitive salary.
• 401k matching, with full vesting after 3 years.
• Full medical, dental, vision.
  
  

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills, and experiences within our workforce.

Visit us at www.newfi.com , www.newfiwholesale.com or www.newficorrespondent.com

Disclaimer - The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the right to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.

Salary Description

$41,600