Another Source's client, Housing Trust Silicon Valley, is recruiting a Loan Processor to join their Homebuyer Programs Team in San Jose, California. This role plays a critical part in the mortgage lending process, handling the processing of eligibility and purchase loan applications from start to finish. It is an exciting time to join the team at Housing Trust Silicon Valley! 

This role works a hybrid schedule of two days on-site and three days remote. 

Housing Trust is looking for exceptional people who believe that safe, stable affordable housing opens the door to better living for everyone. We embrace diversity. We nurture it and we thrive on it because it benefits our organization, our partners, and our community. We are seeking a mission and results driven individual for an amazing opportunity to join a highly respected organization.

Are you committed to making a positive impact on one of the most serious crises facing our region? Are you a strategic thinker with hands on management experience and a creative approach to community development lending? Are you motivated by growing a business and driving new opportunities? If so, Housing Trust is the place for you. This is an ideal opportunity for someone interested in creating new bodies of work in support of strategic initiatives. Someone who works independently and thrives in a fast-paced environment; enjoys working on a variety of projects; and takes ownership of coordinating and delivering results.

MISSION AND HISTORY: 

Housing Trust is leading the effort to create a strong affordable housing market in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has cumulatively invested $615 million – creating over 27,200 affordable housing opportunities serving over 50,900 of our neighbors. Housing Trust has led the way in engaging local corporations and foundations in investing hundreds of millions of dollars to work with us to bring more solutions to the market all while experiencing several years of high growth in our lending business.

Housing Trust aspires to be a diverse and inclusive organization. We are committed to recruiting, retaining, and promoting diversity in our workforce and leadership to reflect the communities we serve. We believe differences in lived-experiences, cultural backgrounds, and diversity of thought are our strongest assets and contribute to our success.

Salary:  

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is a non-exempt, full-time position. The salary range for this position is $32.70 - $36.05 per hour, depending on experience level.  

Benefits Overview: 

• Medical, Dental and Vision benefits fully covered for employees. Eligible dependents covered at 50%. 

• 401K employer contribution at 3% and additional match up to 2%.  

• 3 weeks of paid vacation 

• Commuter Benefits including 100% paid parking 

• 12 paid sick days 

• Paid year-end shutdown 

• End of year bonus 

• Tuition reimbursement program and more... 

About the role:  

The Loan Processor plays a critical role in the mortgage lending process, handling the processing of eligibility and purchase loan applications from start to finish. This position involves guiding applicants through each stage, ensuring compliance with underwriting guidelines, verifying essential documents, and preparing all necessary loan and closing documentation. The Loan Processor collaborates closely with underwriters, homebuyer education specialists, and title companies to facilitate timely and accurate loan processing, while also providing exceptional customer service and maintaining precise records. The position reports to the Manager of Homebuyer Programs. Responsibilities include but are not limited to the following: 

KEY RESPONSIBILITIES 

General Loan Processing Duties: 

Process Eligibility & Purchase Loan Applications: 

• Guide applicants through application submission, assisting with disclosures, document uploads, and communication. 

• Collaborate with homebuyer education specialists and underwriters to ensure applications meet guidelines. 

• Organize documents in system for underwriting review; initiate contact with applicants and underwriters. 

• File management: Open secured shared folders for applicants. Share files as required and enter data into Home Keeper (Salesforce). 

• Verify necessary documents and information, including LDP, SDN, SAM/GSA verifications, employment verification, and senior lender’s loan documents. 

Prepare Loan Documents: 

• Draft determination letters, disclosures, loan documents, and funding instructions. 

• Schedule pre-purchase reviews and counseling sessions with applicants, notaries, and loan officers. 

• Ensure a seamless application process by closely collaborating with the Education Specialist and Underwriters. 

• File Closing and Document Management 

Facilitate Closing Actions: 

• Coordinate with title companies and senior lenders; manage funding conditions for loans. 

• Prepare funding requests for all loan programs. 

• Monitor closed files for settlement statements, promissory notes, recorded deeds, and title policies. 

• Finalize closed loan files, prepare for audit, and transfer appropriate files to the Asset Management department or for other necessary disposition. 

Qualifications: 

• High school diploma or higher and a minimum of three or more years of related experience in loan processing and underwriting of home mortgage loans. 

• Knowledge of Regulatory Compliance of the following laws and related regulations, Truth in Lending Act, RESPA, fair lending laws, (including ECOA, FHA & HMDA), FCRA, FTC Act and other Federal and State lending laws. 

• Knowledge of FNMA, FHLC, FHA and VA guidelines. 

• Familiarity with basic real estate and finance terms and concepts. 

• Proficient in Microsoft Office, file management software (Box), and CRM software (Salesforce) 

• Proven sales/relationship building, and customer service experience required. 

• Strong writing, analytical and verbal communication skills. 

• Proficiency in Spanish or Vietnamese desirable. 

• Licensed and registered through the Nationwide Mortgage Licensing System, a plus. 

• Highly skilled at collaborating across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. 

• Embrace a work culture that celebrates creativity and innovation.  

• Ability to respond quickly and effectively to changing demands while continually delivering high performance.  

• Ability to exercise good judgment, conduct reasonableness tests, and issue quality decisions. 

Housing Trust is an equal opportunity employer to all regardless of race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. Housing Trust is committed to diversity, equity and inclusion and our goal is to have a workforce (at all job levels) that is representative of the communities we serve. 

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us. 

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