Full-Time

Loan Processor

Posted on 1/17/2025

Orchard

Orchard

501-1,000 employees

Streamlines home buying and selling process

Real Estate

Junior, Mid

Remote in USA

Remote work is allowed in multiple states including MI, TX, GA, CO, NY, CA, WA, NC, TN, or AZ.

Category
Risk Management
Finance & Banking
Required Skills
Word/Pages/Docs
Customer Service
Excel/Numbers/Sheets

You match the following Orchard's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 2+ years experience with mortgage loan processing in Conventional, FHA, and VA loan types.
  • Basic knowledge of Fannie/Freddie guidelines. Ability to problem solve underwriting conditions based on guidelines.
  • Experience with managing loan volume of 15-20 closings per month.
  • Experience with TPO/Broker processing model and mortgage POS and LOS systems required
  • Proficiency in DU/DO/LPA, as well as familiarity with FHA Connection and VA Portal
  • Excellent organization, communication, and time management skills.
  • Analytical skills with strong attention to detail
  • Good judgment and the ability to work independently and ethically
  • Ability to multitask, work well under time constraints and within deadlines
  • Commitment to working as a team-player
  • Proficient in Microsoft Word, Outlook, Excel, and Google-Suite
Responsibilities
  • Review and understand the client URLA for both purchase and refinance loan transactions.
  • Review initial client documentation to loan structure and package loan submission.
  • Breakdown underwriting conditions and communicate documents needed to clients.
  • Calculate financials (income, assets, and liabilities) per lender requirements.
  • Review, read, and understand client credit reports.
  • Review and understand debt to income ratios.
  • Respond to customers’ general questions, inquiries, and concerns while following escalation procedures when necessary.
  • Manage loan transactions from initial submission to underwriting through clearance to close.
  • Update customers, real estate agents, and title companies on the loan’s progress and status.
  • Provide top-notch customer service by effectively communicating and cooperating with team members and customers.
  • Process Conventional, FHA, VA, Non-QM, and Proprietary Bridge loans

Orchard operates in the residential property market, focusing on making the process of buying and selling homes more efficient and less stressful for clients. The company targets individuals and families looking to transition between homes, particularly those who want to move into a new home before selling their current one. Orchard's 'Move First' approach allows clients to purchase their next home while providing a guaranteed back-up offer, which alleviates the pressure of coordinating both transactions. Additionally, Orchard offers free home valuations that are claimed to be 30% more accurate than typical valuations, helping clients understand property values better. Unlike traditional real estate agencies, Orchard's unique services and focus on client convenience may allow them to charge a premium for their offerings. The goal of Orchard is to simplify the home buying and selling experience, reducing stress for their clients.

Company Size

501-1,000

Company Stage

Series D

Total Funding

$228.6M

Headquarters

New York City, New York

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Orchard is among the top 10 fastest-growing real estate companies in the U.S.
  • Expansion into Arizona, Oregon, and Washington opens new market opportunities for Orchard.
  • Increased demand for digital real estate transactions enhances Orchard's tech-driven services.

What critics are saying

  • Rising interest rates could dampen the housing market, affecting Orchard's growth.
  • Increased competition from startups offering similar services may erode Orchard's market share.
  • Expansion into new markets may strain Orchard's resources and operational capabilities.

What makes Orchard unique

  • Orchard's 'Move First' approach allows clients to buy before selling their current home.
  • Orchard offers free home valuations claimed to be 30% more accurate than competitors.
  • Orchard provides a comprehensive suite of vendor partner services for home improvement.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Comprehensive benefits - We offer medical, vision, and dental benefits for employees and dependents, with some plans fully sponsored by Orchard.

Paid parental leave - We offer new parents up to 18 weeks paid leave to bond with their newborns—plus a customized one-month transition period to ease into life as a working parent.

Paid family leave - We offer up to 10 weeks paid leave for employees who need to care for sick family members.

Flexible paid time off - We count your contributions, not vacation days. Take the time you need to recharge and refresh.

Team events - From monthly town hall meetings to team lunches and gatherings outside of the office, we make time to celebrate wins and unwind together.

Paid industry certification - We cover dues on licenses and renewal fees for brokers, realtors, and more.

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

1%

2 year growth

-4%
PR Newswire
Jan 24th, 2025
Orchard Is One Of The Fastest Growing Brokerages In Texas And Colorado

NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Orchard, the company that is simplifying home buying and selling, accelerated its agent growth in 2024. Orchard was the 3rd fastest growing brokerage in Dallas, 4th fastest growing brokerage in Denver, and 6th fastest growing brokerage in Houston. In the other markets Orchard operates in – Austin, San Antonio and Atlanta – Orchard was a top-fifteen fastest growing brokerage. This is out of thousands of brokerages in each market. Overall, Orchard increased its agent base 900% from the beginning to end of 2024."We couldn't be happier that Orchard's focus on providing differentiated value to consumers, proprietary technology and a collaborative and innovative culture is resonating with agents," says Court Cunningham, CEO and Founder of Orchard.Orchard offers agents the highest quality seller appointments, access to unique transaction products and services that help them win more business, a comprehensive training and coaching program, and technology and support that saves agents time

Music Business Worldwide
Nov 1st, 2023
The Orchard promotes Ian Dutt to President, UK and Chris Manning to Managing Director, UK & Europe

Dutt joined The Orchard in 2016 as part of the company's merger with Sony RED UK, where he was serving as MD.

AntiMusic
Oct 30th, 2023
Tim Finn (Split Enz, Crowded House) And Phil Manzanera (Roxy Music) Limited Edition Box Set

(Hired Gun Media) On November 24th, BFD/The Orchard will release a limited edition vinyl box set collecting together the recordings from renowned New Zealand singer-songwriter Tim Finn (Split Enz, Crowded House) and legendary guitarist/producer Phil Manzanera (Roxy Music)'s ambitious lockdown collaboration.

Music In Africa
Oct 17th, 2023
Lanre Masha to lead The Orchard's West Africa operations

The Orchard has appointed Nigerian music executive Lanre Masha as its West Africa director.

San Diego Union-Tribune
Sep 26th, 2023
Julian Farm and Orchard awarded sixth best apple orchard in the U.S.

Julian Farm and Orchard won sixth place in the USA Today 10Best Readers' Choice Award for Best Apple Orchard in the USA, representing the only location in California.

Daily Rind
Sep 25th, 2023
Submit Your Art For A Chance To Featured In Peso Pluma's Global Art Gallery

The Orchard is excited to announce the launch of its global fan art campaign, El Mundo De La Doble P, featuring Mexican artist, Peso Pluma.

PR Newswire
Aug 16th, 2022
Inc. 5000 Ranks Orchard In Top 250 Fastest-Growing Private Companies In America

Orchard is among the top 25 fastest-growing companies in NYC, and the top 10 in real estate. NEW YORK, Aug. 16, 2022 /PRNewswire/ -- Today, Inc. revealed that Orchard is No. 226 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. In addition to ranking in the top 250, Orchard has also ranked in the top 25 fastest-growing companies headquartered in NYC, and the top 10 real estate companies in the country. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000

California Listings
Jun 30th, 2022
First Guaranty Mortgage Corporation decreases headcount by 500

HousingWire reports that First Guaranty Mortgage Corporation laid off around 500 employees without severance payment.

PR Newswire
Apr 27th, 2022
Orchard Expands West To Arizona, Oregon And Washington, Empowering Buyers To Win Their Dream Home

Orchard will help buyers to make cash offers in hypercompetitive market and move into their new home before selling their old one. NEW YORK, April 27, 2022 /PRNewswire/ -- Orchard, the company that is radically simplifying home buying and selling, has expanded into three new markets:...

Mumbrella
Mar 7th, 2022
Di Natale leaves Versa Capital Management, LLC as managing director

Di Natale joins from digital agency Versa, where he held the title of managing director.

BFMG
Jan 19th, 2022
Bfmg partners with Orchard

BFMG has partnered with Sony’s The Orchard for distribution and the top global music publishing company, Sony Music Publishing.

INACTIVE