US Remote Loan Processor

About Elite Processing Team

Elite Processing Team is a fast-growing U.S.-based mortgage processing company dedicated to serving mortgage brokers and loan officers nationwide. Our team specializes in processing residential mortgage loans from submission to funding — with a relentless focus on speed, accuracy, and compliance.

We work directly in the wholesale lending channel — partnering with top lenders including UWM, NewRez/Shellpoint, PennyMac, A&D Mortgage, Rocket Pro TPO, Freedom Mortgage, Plaza Home Mortgage, and others. We are building a world-class remote processing team in the Philippines to extend our capacity and deliver a seamless 24-hour processing cycle for our U.S. lending partners.

This is not a back-office data entry role. We are looking for seasoned, independent mortgage processors who can own a file from Day 1 and take it all the way to funding with minimal hand-holding.

POSITION DETAILS

Job Title Mortgage Loan Processor — Remote
Location 100% Remote / Work From Home — Philippines
Employment Type Full-Time | Contract positions also available
Work Schedule U.S. Business Hours (EST/CST/PST overlap required)
Reports To Deepa Patel -- Director of Operations
HR Contact Amul Patel — HR Director
Start Date Immediate openings — rolling start dates available

What You Will Do

As a Remote Mortgage Processor at Elite Processing Team, you will independently manage a pipeline of active loan files for U.S. mortgage brokers. You will be the central point of contact between the loan officer, borrower, underwriter, title company, and lender — keeping every file moving on schedule toward a 15-business-day Clear to Close.

Daily Responsibilities
? Manage an active pipeline of 30–50 residential mortgage files simultaneously
? Review new loan submissions: 1003, credit report, AUS findings (DU/LP), and all initial documents
? Order and track all third-party services: appraisal, title, flood certification, HOI, VOE, condo documents, payoffs,etc
? Conduct full income analysis — W-2, self-employed, rental income, pension, SSI, commission
? Review asset statements: source, season, and document all large deposits per agency guidelines
? Build complete underwriting packages and submit directly to lender portals (UWM TRAC, POWER+, NewRez, A&D, etc.)
? Read and interpret AUS findings (DU/LP) — identify all PTD, PTC, and PTF conditions
? Clear all underwriter conditions with written LOEs, updated documents, and third-party verifications
? Manage TRID compliance: issue Loan Estimates and coordinate Closing Disclosure delivery within regulatory timelines
? Coordinate Clear to Close with title/escrow, confirm cash-to-close figures, and schedule signing
? Communicate proactively with LOs, borrowers, realtors, and settlement agents — daily updates required
? Maintain LOS with accurate milestone updates throughout the life of every file
? Perform post-close file review and upload trailing documents to lender portals within required timeframes

Lender & Platform Knowledge Required

You must have direct, hands-on experience processing loans in the wholesale channel. Retail bank or large institutional experience does not translate to what we do — we need processors who understand broker-to-lender workflows, lender-specific overlays, and portal-based submission.

Wholesale Lenders We Work With

? UWM (United Wholesale Mortgage) — TRAC portal
? NewRez / Shellpoint Mortgage
? PennyMac — POWER+ portal
? A&D Mortgage — DSCR & Non-QM specialist
? Rocket Pro TPO — Rocket Connect
? Freedom Mortgage — VA & FHA specialist
? Plaza Home Mortgage — renovation loans
? LoanStream Mortgage — Non-QM programs
? Any other wholesale/correspondent lender

Experience We Do NOT Want
? Large retail banks: Wells Fargo, Chase, Citibank, Bank of America
? Big institution consumer lending or bank operations
? Call center / mass processing without file ownership
? Data entry roles without full-cycle processing experience
? Mortgage origination or sales (LO) experience only
? Processing experience limited to one loan type only
? Roles where someone else handled UW condition clearing
? Roles where you had no contact with borrowers or LOs

Required Qualifications

Loan Type Expertise (All Required)
? FHA — MIP upfront/monthly, case numbers, overlays, manual UW
? VA — COE, entitlement, funding fee, IRRRL net tangible benefit
? Conventional — Fannie Mae/Freddie Mac DU/LP, PMI, overlays
? DSCR / Investor — DSCR ratio, rent rolls, lease agreements, no-ratio programs
? Non-QM — bank statement (12/24 mo), asset depletion, P&L only
? Jumbo — high-balance, non-conforming guidelines
? USDA Rural Housing — GUS AUS, income limits, guarantee fee
? Refinance — Rate/term, cash-out, FHA/VA streamline, HELOC

Technical & System Skills
? LOS platforms: Encompass (ICE), BytePro, Calyx Point, or similar
? AUS: Desktop Underwriter (DU) and Loan Prospector (LP) — must be able to read and interpret findings
? Lender portals: UWM TRAC, POWER+, NewRez, A&D, or others
? Income analysis tools and VOE platforms
? DocuSign, DocMagic, or equivalent e-signature/doc tools
? Microsoft Office (Word/Excel) and Google Workspace
? TRID timelines: LE issuance, CD delivery, 3-business-day rule
? 4506-C, SSA-89, flood cert, title ordering — all vendor services


Experience Requirements
? Minimum 3 years of U.S. residential mortgage processing
? Must have processed loans end-to-end — submission through funding
? Must have direct experience clearing UW conditions independently
? Must have worked with multiple wholesale lenders (not just one)
? Must have experience with multiple loan types (not just Conventional)
? Must have managed your own pipeline without relying on a team lead for every decision

Communication Standards
? Excellent written English — your emails and notes must be professional, clear, and concise
? Strong verbal English — daily calls with U.S.-based LOs, borrowers, and vendors
? Ability to explain complex conditions to non-industry borrowers simply and calmly
? Professional tone at all times — you represent Elite Processing Team on every interaction
? Proactive communicator — you do not wait to be asked for a status update
? Comfortable with video calls using Zoom, Teams, or Google Meet

What Elite Processing Team Offers

Compensation & Work Setup
? 100% remote — work from your home office
? Performance bonuses tied to file quality and cycle time
? Full-time hours with consistent, high-volume pipeline
? No slow seasons — steady loan volume year-round Growth & Culture
? Direct mentorship from senior U.S. processors
? Work on all major loan types — expand your expertise
? Clear path to Senior Processor, QC Analyst, or Team Lead
? Collaborative, supportive remote team culture
? Regular training on lender guideline updates and new products
? Exposure to top wholesale lenders in the U.S. market

How to Apply

We review all applications personally. Please take the time to write a tailored cover letter — generic applications will not be considered.

Apply via Email
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Subject Line: Processor Application — Philippines — [Your Full Name]

Your application must include:
1. Updated resume listing all mortgage processing roles
2. Years of experience by loan type (FHA / VA / Conv / DSCR / Non-QM)
3. List of wholesale lenders you have processed for
4. LOS platforms you have used
5. A brief paragraph (3–5 sentences) describing a complex loan condition you resolved independently
6. Your available working hours and time zone

? We respond to all complete applications within 2-3 U.S. business days. Shortlisted candidates will be invited for a video interview with our Director of Operations