loanDepot Wholesale prides itself on a culture of innovation, transparency, and high quality service. With the financial strength of its parent company, loanDepot, LLC, and a team of seasoned mortgage professionals with over 20 years of mortgage lending experience, loanDepot Wholesale provides partners with industry-leading tools and resources including technology, training, diverse loan products, and competitive rates. LDWholesale delivers a fast, integrated, and seamless technology-based lending experience for business partners and their customers. 

loanDepot — We are America’s Lender.

Position Summary:
Acts as liaison between Broker, Settlement Agent and Borrower to coordinate the earliest closing date available based on compliance wait periods and capacity within the Closing/Doc department. Effectively manage pipeline of closing requests to follow up on information pending that is required to coordinate a successful closing. 

Responsibilities:

  • Complete 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 date
  • Collaborate with Settlement Agent to finalize loan fees
  • Confirm closing terms with all parties to ensure Closing Disclosure is drawn accurately
  • Daily pipeline management to include, but not limited to tracking doc drawer headcount and Docs Requested work queue, information follow up with the Settlement Agent, Broker and Borrower
  • Review all proposed closing date request to ensure the date/time can be met
  • Respond to internal and external inquiries on closing date status
  • Issue valid changed circumstance based on fee changes after Final Approval status/prepare CD
  • Assign Doc Drawer based on current workload/capacity
  • Audit and prepare closing documents based on current workload/capacity.
  • Validate loan meets all compliance and regulatory requirements to include but not limited to RESPA, AIR, and MDIA
  • Calculate and confirm principal reductions meet guidelines prior to drafting a Closing Disclosure
  • Confirm all required wait periods are met based on proposed closing date
  • Confirm all documentation and lock expirations will be valid based on the proposed closing date
  • Contribute to process improvement suggestions to promote process efficiency and enhance broker experience
  • Act as a role model of the company’s values, acting in an ethical and professional manner at all times
  • Cross-train on other operational functions as back up support
  • Perform other duties and special projects as required
  • Provide back up support as needed to process required change of circumstances and ensure re-disclosures are processed within the required time frames

Requirements:

  • Working knowledge of FHA/VA/FNMA/FHLMC regulations
  • Working knowledge of lending compliance and regulations
  • Ability to identify and resolve problems in a timely manner
  • Strong organizational and interpersonal skills
  • Clear understanding of the implications of customer service
  • Excellent verbal and written communication skills
  • Strong attention to detail and accuracy
  • Strong organizational and time management skills
  • Ability to multi-task and work in a deadline driven environment
  • Ability to work effectively in a team environment
  • Effectively manage the pipeline to achieve targeted closing dates
  • Ability to work independently, handle detail and maintain confidentiality
  • Strong organizational and time management skills
  • Effective decision-making and problem-solving skills
  • Proficient in Microsoft Office (Word and Excel) programs
  • Customer focused
  • Minimum of 1-2 years proven and progressive mortgage lending experience, or equivalent
  • Beginner level of proficiency in Microsoft Office (Word, Excel, PowerPoint) programs
  • Basic compliance skills as it relates to reviewing disclosures, loan terms and other supporting documentation
  • Working knowledge of the mortgage process, including pricing, Re-Disclosures, Loan Set Up and/or Closing
  • Doc drawing/document preparation is preferred bit not required
  • Basic knowledge of RESPA 2010, MDIA and Appraisal Independence Requirements (AIR)

The Perks:

  • Competitive compensation reliant on ability & experience
  • Excellent benefits package including multiple health, dental & vision options
  • Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities
  • 401K with robust company match
  • 15+ PTO days, in addition to 8 paid company holidays
  • The opportunity to work for America’s Lender under the vision of industry legend, Anthony Hsieh

 

loanDepot is a proud equal opportunity employer.



Job Notifications

We are hiring and you can be the first to know when a job becomes available. So whether you’re interested in joining us now or later, this is the best way to keep up with what’s going on. Let’s stay in touch.

Notify Me

Email us directly
Stay in touch

6,500+

Strong
#TeamloanDepot

1,800+

Licensed
Loan Officers

200+

Branch
Locations

5th

Largest
Retail Lender

$125B

Funded Since
Inception

50

Licensed
States