Job Title: Sr. Processor
Reports To: Processing Team Manager
Department: Processing

About Arcstone Financial
Arcstone Financial is a dynamic mortgage company dedicated to providing exceptional financial solutions. We are committed to the highest standards of service, efficiency, and integrity.

Job Summary
Arcstone Financial is seeking a Senior Processor to perform the daily functions connected with loan processing. The Sr. Processor will effectively process loans in accordance with company policies and procedures. The duties for Sr. Processor include, but are not limited to, those described below.

Key Responsibilities

• Verify, compile, and input application information for mortgage loans.
• Review residential loan application files to ensure completeness and compliance with establishment standards.
• Collaborate closely with Sales and Operations teams to update all parties daily on closing timelines and loan process status via email or phone calls.
• Run reports and update systems to facilitate management's performance reporting on loan files.
• Recommend denial for loans not meeting standards.
• Independently resolve discrepancies with Credit Bureaus, Appraisal Desk, and other vendors without involving sales staff.
• Utilize knowledge of Automated Underwriting Systems (AUS) such as DU, LP, Total Scorecard, and other websites for approvals.
• Contact specified companies to obtain property abstract, survey, and appraisal.
• Notify supervisor of any discrepancies in files.
• Meet 24–48-hour timelines for closing.
• Submit mortgage loan application files for underwriting approval.
• Communicate approval and denial letters to applicants.
• Submit approved mortgage loan files to the closing party for settlement.
• Record data on loan status, including new applications and approvals, using computer systems.
• Perform related tasks and additional responsibilities as directed by the Processing Team Manager, or other senior management.

Skills Requirement

• Strong knowledge of loan processing procedures, regulations, and documentation requirements.
• Proficiency in mortgage software systems, with experience using Encompass LOS (Loan Origination System) platforms preferred.
• Excellent communication and interpersonal skills, with the ability to effectively interact with clients and team members.
• Highly organized and detail-oriented, with the ability to prioritize tasks and manage multiple deadlines. 
• Demonstrated ability to solve problems and make sound judgments in a fast-paced environment. 
• Commitment to maintaining confidentiality and upholding ethical standards.
• Proficiency in Microsoft Office applications, including Outlook, Word, and Excel.

Experience | Education

• High school diploma or equivalent, associate or bachelor's degree in finance, busines, or a related field is preferred. 
• 2-5 years' experience in mortgage loan processing.  

Benefits | Travel

• No travel required. 
• Competitive salary and benefits package.
• Opportunities for professional growth and development.
• A supportive and dynamic work environment.