Mortgage Hybrid Processor

About the role

The Mortgage Hybrid Processor role at Arvest involves managing complex mortgage loan applications, ensuring compliance with investor guidelines, and maintaining a high degree of independence and accuracy.

Responsibilities

• Analyze loan files to ensure compliance with investor guidelines.
• Engage directly with borrowers and stakeholders for ongoing communication and support during the closing process.
• Update loan files with preliminary conditions and communicate these conditions to borrowers.
• Proactively identify and obtain missing documentation from borrowers before loan submission.
• Review new loan files pre and post-underwriting, prepare necessary documentation, and run AUS for accurate findings.
• Monitor and address file alerts within the Loan Origination System (LOS) and reconcile discrepancies.
• Order and monitor appraisals, notify the underwriter and appraisal team of any discrepancies, and manage assigned pipelines.
• Run fraud reports, review for potential borrower and/or property fraud, and follow appropriate procedures for suspicious activity.
• Understand and comply with bank policies, laws, and regulations, including internal procedures and controls.

Requirements

• High School Diploma or General Education Degree (GED)
• 2 years of experience reviewing mortgage credit application files
• 2 years of mortgage processing experience or equivalent
• 1 year of processing government loan files or equivalent
• 1 year of detailed contact with customers, realtors, and title companies
• Working knowledge of all real estate regulations, including RESPA, TRID, TILA, Fair Credit Reporting Act, Fair Lending, Reg B (ECOA), Reg C (HMDA), and Flood Act, and Interagency Appraisal and Evaluation Guidelines

Qualifications

• Relevant military experience is considered for veterans and transitioning service members

Skills

• Comprehensive understanding of investor guidelines, loan programs, and regulatory requirements
• Ability to make independent loan decisions that adhere to AllRegs/Selling Guides/Lender Handbooks and Arvest Policies and Procedures
• Proficiency in analyzing and calculating qualifying income
• Experience with fraud reporting and following appropriate procedures for suspicious activity
• Knowledge of real estate regulations and compliance with bank policies, laws, and regulations

Benefits

Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information, please visit www.arvest.com/careers/benefits.

Pay

Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience.

Schedule

Position is located at 4400 W Markham, Little Rock, AR 72205. Availability is needed Monday through Friday 8:00 am to 5:00 pm with ability to work additional hours as needed.