Mortgage Processor

About the role

Mortgage Processor Department Mortgage Loan The Mortgage Processor will process loan applications and ensure all the necessary documentation is completed in a timely and accurate manner. This position requires that the applicant act as the primary contact for our customers who expect a seamless and efficient loan process.

Responsibilities

• Perform a general evaluation of loan applications, including reviewing financial documents and assessing the mortgage type.
• Issue all disclosures within the applicable compliance timeframes
• Gather essential loan documentation/data from loan officers and applicants.
• Verify information and references by contacting relevant sources.
• Correct any mistakes and investigate inconsistencies.
• Submit completed loan files for appraisal.
• Act as the point of contact between loan officers, underwriters, and borrower.
• Conduct a final review of the file before closing.
• Manage a pipeline of at least 30 loans without a depreciation in service
• Routinely evaluate pipeline and act as the primary contact with applicants to obtain remaining loan conditions.
• Provide Underwriters with a complete application package for their review and decision.
• Work with Underwriters to discuss any concerns or changes in the loan file with customers and loan officers, as applicable.
• Update Encompass with accuracy; detailing all conversations with borrowers
• Timely follow-up to make certain mortgage contingency dates and mortgage closing dates are met per sales contract
• Satisfy all conditions when loan file is received from Underwriter
• Notify Originators of loan decisions with an explanation of any modifications if additional information is needed
• Submit to management and implement a minimum