
Mortgage Loan Processor - Hoi & Payoffs
American First Funding • Southfield, MI 48033, US
Posted 7 hours ago
Homeowners Insurance (HOI):
Request and obtain HOI quotes and verify coverage meets lender requirements
Review HOI declarations, binders, and policies for accuracy and compliance
Communicate with borrowers and insurance agents on HOI requirements
Ensure HOI proof of insurance is active at closing
Flag and escalate HOI deficiencies to loan officers and underwriters
Payoff Coordination:
Obtain payoff statements from existing lenders
Verify payoff amounts including principal, interest, and fees
Coordinate payoff instructions with title companies and closing agents
Prepare payoff settlement statements and manage timing of payoffs
Communicate payoff requirements to borrowers
General Processing:
Manage loan files from application through closing preparation
Coordinate with underwriting team and document requests
Prepare closing documents and settlement statements
Track loan status and meet all timelines
Maintain file organization and confidentiality
- Accounting, finance, or business Associate’s degree preferred - High school diploma or GED required
- 2 years minimum experience in loan processing required
- Excellent written and verbal communication skills are a requirement
- Mortgage lending experience and loan knowledge required, specifically with FHA, FHLB, FNMA, or VA loans
- Strong analytical and time management skills and superior attention to detail
Compensation
$25 hourly
American First Funding (formerly Lakeview Lending LLC) is a growing brokerage committed to delivering exceptional loan services to clients. We simplify and streamline the mortgage process through strong backend support, allowing each team member to focus on their area of expertise. You’ll be part of a supportive operations team that plays a critical role in ensuring timely, compliant, and smooth loan closings. With more dedicated leadership and processing teams to help get clients cleared to close faster.
Why Partner With Us?
- Brand New office in Southfield, MI
- Referral Bonus Program
- 401(k) with company match
- Health, Dental, and Vision Insurance
- Paid time off and holidays
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