Loan Processor in Rancho Cordova, CA at Liberty Home Equity Solutions, Inc.

Date Posted: 12/13/2019

Job Snapshot

Job Description


Position Summary:

Under the supervision of the Director of Operations, Processes reverse mortgage loans in accordance with established policies and procedures and appropriate guidelines; provides strong communication and support to underwriting, loan advisors, and clients to clear conditions as needed.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Examples below:

  • Reviews loans in process daily and determines what is needed to process loans quickly.

  • Performs document and processing system audit to ensure information integrity

  • Manages a pipeline of 40 to 50 loans per month

  • Funds a minimum of 15 loans per month

  • Signs off on Tier 1 underwriting conditions

  • Process HECM refinance transactions

  • Review loans to ensure loan/property meets FHA and Investor guidelines

  • Enters data from new loan applications and other documents into computer system

  • Reviews credit reports, appraisals, flood certifications and preliminary title reports.

  • Provides follow-up on a consistent basis with clients and loan advisors  during the loan processing period

  • Analyzes loan files and submits completed loans for approval to underwriting

  • Responds to inquiries from clients, advisors and vendor partners regarding status of loans in process

  • Ensures regulatory compliance

  • Processes approval and denial letters

  • Maintains status of all files in process and updates as needed; keeps abreast of all FHA and Investor guidelines and changes that may affect loan status


To perform this job successfully, an individual must have the following education and/or experience:

  • High School Diploma, GED or Military equivalent

  • Two or more years within the mortgage industry

  • Two or more years as a Loan Processor

  • Thorough working knowledge of real estate documentation, policies, compliance and procedures

  • High level of proficiency with mortgage loan processing and underwriting systems

  • Proficient in Microsoft Office (Word, Excel and Outlook).

  • Analyze statistical and financial data

  • Proficient on computer programs required for position

  • Good judgment with the ability to make timely and sound decisions

  • Demonstrated ability to calculate figures and amounts such as discounts, interest, commissions, and percentages

Training / Licensing Requirements:

  • Must pass the Company’s Background Screening process prior to beginning employment.  Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.   

Company Summary:


Rated as “one of the best mortgage companies to work for in 2019” by National Mortgage News, Liberty Home Equity Solutions, Inc., a wholly owned subsidiary of Ocwen Financial, is one of the nation’s largest reverse mortgage lenders. Headquartered in Rancho Cordova, CA (near Sacramento), Liberty has provided home equity financing for homeowners, mortgage bankers and financial professionals since 2003 and is poised for significant growth in the years ahead as part of a Fortune 1000 mortgage company.

At Liberty, we are passionate about changing the lives of customers and helping our employees succeed in a fast-faced, entrepreneurial culture that promotes teamwork, innovation and success.  Join Liberty today to be part of one of the fastest-growing companies in the reverse mortgage industry.


Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Primary Location: US-CA-Rancho Cordova
Work Locations: Rancho Cordova Telecommuter
Job: Mortgage Operations
Organization: US Business Unit
Schedule: Regular
Job Posting: Nov 13, 2019, 10:40:13 PM


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