Loan Processor Vacancy In Freedom Mortgage

Hiring Organization / Company: Freedom Mortgage
Basic Salary: To Be Discussed
Employement Type: Full-Time

Job Details:

Position Description:

Soar with Us
Flying ahead of the flock for over 30 years, we at Freedom Mortgage have taken millions of Americans under our wing and helped them achieve their dreams of financial betterment and homeownership. This is only possible through our vast knowledge base and broad capabilities, and it’s demonstrated by our winning trajectory.

If you are…

  • A precise person. We need you to bring eagle-eyed accuracy, being confident with numbers and having to the ability to go through documents, and analyzing the details to gain a complete picture of applicant circumstances.

  • An investigator. We need you to confidently call up specified companies to obtain property information to support your assessments.

  • A decision-maker. We need you to be able to make potentially life- changing mortgage loan recommendations with certainty following thorough case analysis.

  • A data gatherer. We need you to record data on your work (approvals, denials, and process) via computer.

The Opportunity: Loan Processor

Freedom Mortgage is searching for a talented, meticulous Loan Processor to join our working family. This role focuses on assessing loan applications to figure out whether the applicant can afford to make their repayments. Our ideal Loan Processor has a smart, investigative mind, bringing the ability to pull together details, figures, and information and turn them into an assessment reflecting affordability. You’ll need be digging deeper and verify all the information you come across, calling up specific companies to gain additional information to give you the most honest view of the case. And we’ll need you to be organized, too, recording the status of all applications via computer. This role comes with great responsibility - your recommendations can change lives. We need you to be confident that you can come to the right decision based on the information in front of you.

What does the job look like?

As a Loan Processor, your daily duties will include...

  • The Assumptions Processor will be responsible for the processing of information related to incoming assumption files, recasts, military deferments, and/or hardest hit funds. They will be responsible for the review of loan application information and customer contact via correspondence and telephone. Candidates should be familiar with the loan origination process as well as possess some familiarity with underwriting terms and conditions. In addition, responsibilities will include resolution of escalated issues, review and updates of departmental reports and participation in departmental projects. Must be able to successfully multi-task, prioritize and possess strong time management skills.
  • Perform thorough review of all incoming Assumption application packages and/or release of liability requests and ensure the required documentation is received and complete
  • Request and obtain third party information (e. g. title, escrow analysis) and ensure that it s added to application package for review and approval.
  • Communicate any stipulations, or other significant and relevant information, to the borrower in a clear, concise, and timely fashion.
  • Submit complete packages to internal departments or external groups for eligibility evaluation.
  • Review and resolve escalations assigned by management.
  • Maintain system data by including and updating file status and loan events (e.g. receipt of stipulations, closing dates and memos) with anticipation of closing each loan within department SLA.
  • Generate and send required documents (e.g. initial disclosures, notice of information, status letters, and notice of action) to the respective borrower within the Consumer Financial Protection Bureau (CFPB) compliance guidelines.
  • Obtain final assumption and release of liability approval from investor and management and partner with third party vendor and internal department to set closing date.
  • Prepare and deliver all re-disclosure loan estimates and closing disclosures within TRID regulations.
  • Maintain regular and punctual attendance. Comply with all company policies and procedures.
  • Process recast, military deferment, and hhf requests from current borrowers.
  • Other duties as assigned.


  • High School diploma/GED and 3 years of experience
  • Associate's degree preferred

If you invest your drive and commitment with us, you’ll realize an incredible return, in a diverse environment where all staff can grow and flourish. With excellent training and development opportunities available at all levels, a great benefits package, and a talented working family all around you, with Freedom, you’ll enjoy a rewarding, challenging, and exciting career where you can reach incredible new heights.

Soar with Us.


Founded in Mount Laurel, NJ in 1990, Freedom Mortgage has since grown into one of the largest and fastest-growing privately owned full-service residential lenders in the USA. Licensed in all 50 states, Washington D.C., Puerto Rico and the Virgin Islands, Freedom Mortgage has over 5000 employees nationwide, proudly servicing $225.6 billion, and is still growing.

Our mission is to foster homeownership in America. Freedom is a leader in VA mortgage lending and is one of the mortgage industry’s largest philanthropic supporters of the USO and military families through its Team Freedom Cares philanthropic arm.

Locations include suburban Philadelphia and Fishers, IN, two regions where we were named Top Workplaces. We also have large operating centers countrywide, including these desirable markets: Beaverton , OR; Boca Raton, FL; Columbia, MD; Jacksonville, FL; Melville, NY; Plano, TX; San Dimas, CA; Tempe, AZ; Troy, MI and Woodbridge, VA.

If you seek a sense of community, top training, opportunity for advancement, a comprehensive benefits package and reward and recognition program, look no further.

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767

Equal Opportunity Employer- Minorities/Females/Disabled/Veterans

Job Location Information:
City: Fishers
State: In
Country: Us
Location: Fishers, In 46037

Date Posted: 2021-07-22
Job Listing No# : 148343

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