Loan Processor II

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $62 billion in assets.

Wintrust was founded with the idea to be the alternative to the big banks. We are looking for top talent to join Chicago’s Bank®, as a full-time Relationship Banker! 

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (6 years)

• Competitive pay and annual discretionary bonus eligible

• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

• Family-friendly work hours

• With 200+ community bank locations, we offer opportunities to grow and develop in your career

• Promote from within culture

What you’ll do:

Work directly with Loan Officers, Team Leads, Underwriters, Closers, and Management to ensure files are opened within specific receipt requirements from loan officer where Opener position does not exist. Analyze credit, income, assets, contract, appraisal, and Wintrust disclosures. Research guidelines and matrices for all programs to ensure the loan is processed to guidelines.

Responsibilities include: 

• Ensure completeness of application (1003).

• Issue needs letter and/or loan status letter to client and loan officer.

• Follow up and ensure receipt of requested documentation on timeline to ensure submission of file to Underwriting no less than 10-days prior to estimated closing date, lock expiration or contingency date (earliest of all dates).

• Pull Fraud Reports and obtain information to clear low and/or moderate impact findings as needed, obtain documentation to support clearance of items. Document any high-impact alerts to UW to clear.

Qualifications:

• 5- 10 years mortgage processing 

• Bachelor’s degree preferred

• Processes conventional, FHA, VA, USDA, Bond, Jumbo, and brokered loans.

• Multiple investor experience.

• Responsible for credit review to include income and assets.

• Can calculate various income: wage earner, SSN, Disability, Schedule C Self Employed, Complex Self Employed with multiple businesses, Dividend …