Job Description

The Loan Partner Three (LP3) is a Loan Processor responsible for timely and high-quality loan processing from RESPA to Funding (lock-to-loan). The LP3 collaborates with the Loan Officer (LO), Loan Partner Two (LP2), Branch Operations Manager (BOM), loan underwriters, borrowers, and other key stakeholders to review and submit high-quality loan applications to underwriting. This position requires extensive knowledge of investor guidelines, strong attention to detail, expertise in analyzing cash, credit, capacity (income), and collateral, and proactive communication to minimize underwriting conditions and enhance the borrower experience. Responsibilities: Pre-Underwrite o Verify that the initial loan file is complete using the pre-underwrite checklist o Request any additional documentation on cash, credit, and capacity (income) for a complete loan submission o Return incomplete loans to LO or LP2 with a detailed list of outstanding items (Cc'ing BOM BM) o Initiate ALL third-party items (or direct LP3A to do so, if applicable) o Submit high-quality loans for preliminary underwriting without over-analyzing Post-Underwrite: o Analyze the Conditional Loan Approval (CLA) to ensure all conditions are clear o Confirm outstanding CLA items have NOT already been received before reaching out to external parties (avoid duplicate requests to borrowers) o Request conditions in layman's terms that are easy for borrowers to understand o Thoughtfully review and submit all conditions to underwriting o Proactively communicate with LP2 (via phone or face-to-face) on better submission practices o Send all Clear to Close (CTC) requests via email to the loan team (including Opener) o Review ICD and CDs to ensure accuracy vs. the original Loan Estimate (LE) Post-Fund: o Monitor pending closed loans for funding authorization o Clear any post-funding conditions as required o Support LO, LP1, LP2, and borrowers with any post-funding questions Qualifications: o High school diploma or equivalent o Minimum 3 years of underwriting or processing experience o 40+ hours per week commitment o Proficient in DU/DO and LP o Major Loan Origination Systems (LOS) expertise (Encompass, Calyx Point, etc.) o Strong understanding of investor guidelines o Microsoft Office Suite proficiency (Word, Excel, PowerPoint, Outlook, OneNote) o Excellent verbal and written communication skills o Strong time management ability to work under pressure o Detail-oriented with a strong sense of accountability o Team player with the ability to collaborate across corporate branch levels o Completion of all required regulatory compliance training About Company: LoanDepot is a national company, but at our branch in Snohomish, we're proud to be one of the top 10 mortgage teams in the nation! We are a small group of dedicated professionals who take our work seriously but know how to have fun along the way. We believe in balance: delivering exceptional results for clients while building a team culture that thrives outside the office. Whether we're skydiving, paddleboarding, biking, or just sharing a few laughs, we bring the same energy and commitment to everything we do. If you're looking to join a team that works hard, celebrates success, and makes every day an adventure, you'll fit right in here.

Skills Required