Mortgage Loan Processor
Residential Lending/Bank
$60,000 + Quarterly Bonus (additional 10K in Bonus)
MORTGAGE LOAN PROCESSOR II
WHAT IS THE OPPORTUNITY?
Reviews all new loan application requests to ensure that all required forms and/or documentation have been provided by the borrower.
Prepares and sends out all pertinent regulatory compliance disclosures for single family 1
– 4 properties.
Works in a team environment gathering outstanding conditions and upon receipt performs analysis and prepares files for closing documents.
Provides support to the Residential Loan Consultant, underwriting and documentation/ closing departments.
Assists supervisor and underwriting area in pipeline planning
Residential Lending Division Company’s Residential Lending group.
This is a great opportunity to grow your career with a stable and expanding organization while enhancing and retaining bank client relationships through competitive mortgage products and solutions with exceptional service and care.
WHAT WILL YOU DO?
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Reviews all new loan application requests to ensure that all required forms and/or documentation
have been provided by the borrower.
Prepares the loan for submission to the underwriter after all
outstanding items are received.
?
Prepares and sends out all pertinent regulatory compliance disclosure material based on data
provided by the Residential Loan Consultant.
Sends out all pertinent disclosures within required
timeframes from the receipt of the application.
?
Reviews new loan files upon receipt.
Places files in proper stacking order, and inputs information
on the system.
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Opens/orders the verifications needed to make a credit decision.
Compiles a list of items that are
outstanding from the borrower by utilizing the appropriate checklists.
Orders or follows up with
escrow, title, credit vendor, HOA Association, insurance agent and appraisal department.
?
Inputs data for the processing of conventional mortgage loans for single family 1-4 properties.
Completes data entry processes and maintains tracking log of required information on the system.
?
Prepares and mails requests for verification of deposit, employment, and mortgage (when
applicable) to the appropriate parties.
?
Provides support to the Residential Loan Consultant, underwriting, document/ closing
departments.
Answers calls from borrowers, escrow, title, agents, etc.
regarding status and general
questions throughout the processing of the loan.
?
Assists supervisor and underwriting area in weekly pipeline planning.
?
Maintains a proactive commitment to established Bank programs, such as, Community
Reinvestment Act (CRA) and Equal Employment Opportunity
WHAT DO YOU NEED TO SUCCEED
Must-Have*
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Minimum 3 years of loan processing experience in a mortgage banking company or related
financial institution required.
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Minimum 3 years of experience working with FNMA/FHLMC guidelines and standard industry
guidelines required.
?
Minimum 3 years of experience of state and federal lending regulations (e.g.
Respa, Reg Z, Ecoa,
State Fair Lending) required
Skills and Knowledge
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Ability to communicate effectively with all levels of Company personnel, customers, and outside
agencies.
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Verbal/written communication skills sufficient to review and process loan documentation.
?
Ability to apply basic math skills.
?
Proficient computer skills with experience using Word, and some type mortgage software program
(Interlinq E3 preferred).
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Very good analytical skills are beneficial.
?
Ability to pay close attention to detail, and work under deadlines
*AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER*
Job Requirements:
*SEE ABOVE