Job Summary :
The Loan Processor is responsible for managing the mortgage loan process from application to closing. This role involves gathering and verifying financial information, reviewing loan applications for compliance, liaising between the borrower and underwriter, and working with mortgage aggregators to ensure a smooth and efficient loan approval process.
- 8 hour shift - 7 AM to 4 PM
- Day shift
- Monday to Friday
Key Responsibilities :
Collect and review loan applications and supporting documents to ensure completeness and accuracy.Request information from clients and conduct thorough reviews.Obtain and verify necessary financial information, including income, assets, and credit reports.Conduct credit checks and cross-check with disclosed liabilities.Ensure all loan applications comply with Australian lending regulations and guidelines.Review Cashdeck for Livex and undisclosed liabilities.Act as a liaison between borrowers, underwriters, mortgage aggregators, and other stakeholders to facilitate the loan approval process.Work closely with mortgage aggregators to submit loan applications, track progress, and resolve any issues that arise.Order valuations and manage post-approval to settlement process.Prepare and submit loan files to mortgage lenders and banks for approval.Track and follow up on loan applications to ensure timely processing and approval.Address and resolve any issues or discrepancies that arise during the loan processing stageProvide exceptional customer service to borrowers, answering their questions and guiding them through the loan process.Conduct CCR (comprehensive credit reporting) and cross check against disclosed liabilitiesRequest outstanding documents based on CCR including (if applicable) :Credit card statementsPersonal loan statementsCar loan statementsHECS statementsCheck Cashdeck (or whatever software is being used); OpenBanking for undisclosed liabilities and cross check against Declared Livex / HEMCorrespond with client for any outstanding informationComplete high level / initial serviceability check on Quickl (for PAYG / simple apps)Conduct pricing request and product comparison on a case by case basisPrepare AOL for submissionQualifications :
Experience : Must have 2 years of experience in Australian mortgage loan processingKnowledge : Strong understanding of Australian mortgage lending regulations and guidelines.Skills : Excellent analytical, communication, and organizational skills. Proficiency in mortgage processing software and Microsoft Office Suite.Strong understanding of mortgage underwriting processes and loan types.Tools and Software :
CRM Systems : Proficiency in using CRM systems like Quickli, Apply Online, Mercury and Property Hub to track and manage client interactions.Aggregator Platforms : Familiarity with mortgage aggregator platforms such as AFG, Connective, SFG or PLAN Australia.Technical Requirements :Equipment :
Self-providedBenefits :
Discretionary bonus - not a 13th month pay.Referral Bonus - 50 AUD per successful hire (3rd mark with the client)Dedicated support person (CSM)Fun cultureSupport from HR, Tax, and other specialties10 Paid Annual Leaves; 9 Paid Australian Holidays (ONLY regular employees); 1 Birthday LeaveCompany Outing (For tenured employees; 6 months)Paid Training100% Work-From-HomeBIR self-employed as you are a contractor (Required to submit any contributions required by the government.)Salary is NegotiableAdditional leaveCompany eventsPay raiseWork from home