Mortgage Loan Processor II

Responsibilities

• Data entry of loan applications to bank’s processing system and submission to automated underwriting system.
• Order and collect documentation necessary to address automated underwriting findings.
• Communicate with all parties on status of file.
• Work with originator and borrower to clear underwriting conditions.
• Interpret automated underwriting decisions.
• Ensure compliance with bank and government regulations.
• Solve file issues and problems within bank guidelines.
• Assist experienced processors with routine duties, such as ordering flood certs, ordering appraisals, paying invoices, etc.
• Update information from bank statements, paystubs, and appraisal to bank’s origination system.
• Order and collect documentation necessary to address automated underwriting findings.
• Ensure compliance with bank and government regulations.
• Study the automated findings and UW conditions on files to learn the requirements for loan approvals.
• Obtain the knowledge needed to independently submit quality files to underwriting.
• Perform additional duties as assigned.

Qualifications

• Two (2) to three (3) years of related experience
• Knowledge of mortgage investor guidelines
• Thorough knowledge of automated underwriting
• Knowledge of appraisal process
• Excellent organizational, communication, and computer skills
• Time management and prioritization skills necessary to manage workload
• Ability to solve complex loan problems
• Ability to manage difficult situations between interested parties in the mortgage transaction
• Ability to understand, apply knowledge, and resolve issues that arise between automated underwriting rules and manual underwriting rules
• High School diploma
• Related education or processing/ real estate experience within a business, such as a bank, credit union, legal firm, insurance company, title company etc.
• Ability to be teachable and respond positively to coaching and training
• Ability to accurately input data with very little margin for error
• Ability to learn new processes quickly, retain information, and validate received information as applicable