Mortgage - Processor

About the role

Your goal is to create raving fans of your customers which are the borrowers, sales, and underwriting staff. You will process loans in accordance with company policies and procedures.

Responsibilities

• Verifies, compiles, and inputs/updates application information for mortgage loans
• Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type, and amount of mortgage applied for including but not limited to borrower credit, assets, liabilities, and length of employment
• Recommends that loan not meeting standards be denied or restructured
• Runs AUS after application data is confirmed to be accurate and meets guidelines
• Orders verifications (income, assets, credit, liabilities) to verify accuracy of information stated on loan application
• Completes and generates various loan application forms/disclosures for borrowers
• Orders title work, insurance, condo docs for approval, appraisals, and any other property related items required for the loan
• Performs necessary follow up on any items required for the loan in a timely manner (i.e., title, insurance, appraisal, loan conditions from borrower, etc.)
• Informs supervisor and/or Loan Originator of discrepancies on any loan documentation provided or ordered
• Sets mortgage loan application file for underwriting approval
• Types and emails/mails approval and denial letters to applicants
• Sets approved mortgage loan file to closing departments and closing settlement agent/attorney for settlement
• Uses all required Checklists for Underwriting and Closing Departments
• Keeps records/logs/pipeline report on status of branch loans assigned to their queue, including number of new applications and loans approved, canceled, or denied
• Able to communicate effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan Approval
• Performs other related duties as assigned
• Sets conditions to Underwriter
• Oversees Jr Loan Processor's duties if applicable to branch

Requirements

Experience Two or more years of loan processing experience or Xinnix Training completion for Processing required AND Processing mentor assigned by branch with 2+ years active processing experience

Qualifications

• High School Diploma or equivalent

Skills

• Ability to make sound judgments regarding the resolution of customer service issues
• Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative
• Excellent communication and interpersonal skills
• Organizational skills necessary to prioritize workload

Benefits

Comprehensive benefits package for full-time employees and their dependents, which includes medical, dental, vision, life insurance, short-term disability, long-term disability, a Health Savings Account (HSA), a Flexible Spending Account (FSA), and various other products, based on benefits eligibility, elections, and employee premiums.

Pay

USD $40,000.00/Yr. USD $80,000.00/Yr.