Senior Processor - Consumer Direct

Senior Loan Processor – Remote | $36K to $40k Base + Bonuses + Full Benefits

Location: 100% Remote 

Join the Team at New American Funding
New American Funding is a family-owned, people-first mortgage lender committed to helping individuals and families achieve homeownership and improve their quality of life. As we continue to fund close to $2 billion in loans each month, we’re looking to expand our team with experienced Sr. Loan Processors who share our dedication to service and excellence.

Why You'll Love Working With Us:

• Remote Flexibility: Work permanently from home, or choose an office environment in one of our 208 locations across the U.S.

• Competitive Pay:

  • $36,000 base salary

  • Overtime opportunities

  • Per-file bonuses beginning with your first loan, paid bi-weekly

  • Tiered monthly performance bonuses

• Full Benefits Package: Includes paid vacation, paid holidays, 401(k), and more

• Supportive, High-Performance Culture:

  • Jr. Processor support to handle hazard insurance, payoffs, WVOE/VVOE, HOA/HOI, and other third-party verifications

  • Direct access to underwriters

  • Full documentation and third-party items are provided before the file hits your desk

  • Freedom to manage your own pipeline – no mandatory loan minimums or maximums

  • Empowerment to send LEs and CDs independently

  • Full borrower communication remains with the processor

What We’re Looking For:

• Experienced, motivated Loan Processors who are detail-oriented and results-driven

• Professionals who thrive in fast-paced environments and appreciate autonomy and recognition

• Individuals who want to be part of a company that truly values its employees and their contributions

If you’re ready to join a lender that believes in rewarding your effort and providing the tools to succeed—apply today!

1. Process a variety of loan types, including FHA, VA, Conventional, USDA, HELOCs, 2nd Mortgages, Home Improvement Loans, Down Payment Assistance/Bond Programs, and Reverse Mortgages.

2. Accurately calculate income for all borrower profiles, including complex income scenarios.

3. Maintain clear and timely communication with borrowers, loan officers, and third parties throughout the loan process.

4. Review and verify all required loan documentation—income, credit, appraisal, title, and more—to ensure completeness and accuracy prior to submission to underwriting.

5. Obtain and validate key documents such as Verification of Employment (VOE), Verification of Deposit (VOD), and credit reports.

6. Manage and prioritize daily pipeline to meet company turn-time expectations.

7. Provide proactive status updates and communicate any loan changes to all relevant parties.

8. Ensure accurate and compliant re-disclosures are issued when applicable, with proper documentation in the loan origination system.

9. Coordinate closings with borrowers, title companies, and loan officers to ensure a smooth and timely funding process.

10. Work overtime as needed to support business demand.

11. Perform additional duties as assigned.

Desired Competencies:

• In-depth knowledge of FHA, VA, Conventional, and specialized loan products, including HELOCs, 2nd Mortgages, Home Improvement Loans, Down Payment Assistance, and Bond Programs.

• Strong understanding of federal and state mortgage regulations, including TRID compliance.

• Advanced ability to analyze complex income scenarios and accurately calculate income from a variety of tax returns and documentation.

• Excellent verbal and written communication skills, with the ability to collaborate effectively across teams and with external partners.

Preferred Education & Experience:

• 5–7 years of recent experience processing residential mortgage loans, with a strong focus on purchase transactions.

• Proficiency in Encompass or similar paperless loan origination systems.

• Solid understanding of investor guidelines and compliance regulations.

Other Duties: This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

[EOE/M/F/D/V. Drug-free workplace.]

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

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