Mortgage Loan Partner 3 - Loan Processor
We are seeking a highly skilled Loan Partner 3 (LP3) to join a top-producing mortgage team. The LP3 is a seasoned Loan Processor responsible for managing loans from lock through funding, ensuring timely, accurate, and high-quality underwriting submissions and closings. This role works closely with the Loan Officer (LO), Loan Partner 2 (LP2), and Branch Operations Manager (BOM), underwriters, borrowers, and third-party partners to proactively manage files, minimize underwriting conditions, and deliver an exceptional borrower experience. The ideal candidate has deep knowledge of guidelines, exceptional attention to detail, strong communication skills, and the ability to manage a high-volume pipeline while maintaining accuracy and accountability. Compensation: $50,000+ base salary with potential per-file bonus Responsibilities: 3+ Core Duties & Key Measurements Pre-Underwrite
- Review all incoming loans within 1 business day of receipt
- Review 5 loans daily (or per LO/BOM direction)
- Submit all loans to underwriting within 3 business days
- Average 3 underwriting submissions per day
- 95%+ of initial Conditional Loan Approvals (CLAs) have 10 or fewer conditions
Post-Underwrite
- Maintain a two-touch maximum to Clear-to-Close (CTC)
- Ensure 95%+ of loans close on time
Post-Fund
- Respond to all post-funding issues same business day
Essential Duties of This Position Pre-Underwrite
- Verify loan file completeness using the pre-underwrite checklist
- Request and analyze documentation related to cash, credit, and capacity (income)
- Return incomplete files to LP2 or LO with clear documentation requests (cc’ing BOM/BM as needed)
- Initiate all required third-party services
- Submit clean, high-quality files for underwriting without over-analyzing
Post-Underwrite
- Review Conditional Loan Approvals (CLAs) for clarity and accuracy
- Confirm outstanding conditions are not already received before requesting items
- Translate underwriting conditions into borrower-friendly language
- Thoughtfully submit conditions to underwriting
- Proactively coach LP2 on improved submission practices
- Send Clear-to-Close requests to the full loan team
- Review Initial Closing Disclosures (ICD) and Closing Disclosures (CD) for accuracy against the Loan Estimate (LE)
Post-Fund
- Monitor closed loans for funding authorization
- Clear post-funding conditions as required
- Support borrowers and team members with post-closing questions
Additional Responsibilities
- Collaborate with BOM to improve LP2 submission checklists and workflows
- Attend weekly team and pipeline meetings
- Log all critical communication in the Loan Origination System (LOS)
- Build strong relationships with underwriting, closing, funding, post-closing, and QC teams
- Deliver high-quality borrower and third-party communication that exceeds traditional processing expectations
Qualifications:
- High school diploma or equivalent
- Minimum 3 years of mortgage processing or underwriting experience
- Strong knowledge of investor guidelines
- Proficient in DU/DO and Loan Prospector (LP)
- Experience with major Loan Origination Systems (Encompass, Calyx Point, ARIVE, LendingPad, etc.)
- Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint, OneNote)
- Excellent verbal and written communication skills
- Strong time-management skills and the ability to work under pressure
- Detail-oriented with a high level of accountability
- Team-oriented with the ability to collaborate across departments
- Completion of all required regulatory and compliance training
About Company At The Mortgage Link, we believe getting a home loan shouldn't feel overwhelming. As a trusted mortgage lender serving clients across the U.S., we make the home financing process clear, personalized, and fast. Since 1999, our team has been helping individuals and families find the right mortgage solution—whether they're buying their first home or refinancing their current one. Apply tot his job Apply To this Job