JOB SUMMARY: Responsible include but not limited to review of completed loan packages before shipping to Investor and preparing form closing. Interface with loan operating systems on Conventional, FHA and VA loans.
ESSENTIAL JOB FUNCTIONS:
Review project data and loan application information for accuracy, completeness and in line with compliance.
Monitor and order documents such as credit reports, verifications (deposit, employment, rent or mortgage) appraisals, final inspections, title work, mortgage insurance, loan reports and flood determinations.
Maintain knowledge of Calyx, Fannie Mae and Freddie Mac updates along with various investor websites;
Serve as liaison between underwriter, loan officer, Title Company, Borrower and closing
Maintain an open line of communications with loan officers.
Responsible for loan officers commission voucher
Review assembled credit package for submission to underwriter
Review conditions, approve or make corrections
Meet with loan officer and review progress of pending transactions.
Help with post closing on files
Responsible for answering telephones and ordering supplies
Provides support to other areas of the department as assigned
Promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services
Prepare closing packages when needed
Assisting with other functions and special projects
Performs other duties and responsibilities as assigned.
This description is intended to outline the principal duties, responsibilities, and accountabilities of the position, but may not cover all tasks or functions for which the person holding the position will be held accountable.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
Previous mortgage lending experience; (I = 2 years, II = 5 years, III= 7+ years processor or higher experience)
Extensive knowledge of mortgage loan documentation;
- High School Diploma or equivalent experience with additional training in a business environment;
- A thorough understanding of mortgage lending from origination through loan closing is required;
- Strong knowledge of conventional and government loan guidelines;
- Working knowledge of Laser Pro preferred by not necessary;
- Proficient in Microsoft Word, Microsoft Excel and Database Applications;
- Working knowledge of real estate regulations as it relates to the lending function;
- Ability to work effectively in high-pressure environment;
- Ability to work independently;
- Strong organizational skills;
- A positive customer service outlook.
Physical Demands- While performing the duties of this job, the employee is regularly required to stand; walk; sit; use of hands and fingers to feel or handle equipment and files; reach with hands and arms and talk and hear. The employee is occasionally required to climb or balance and stoop, kneel, crouch or crawl. The employee must regularly lift and/or move up to 2.5 pounds. The employee occasionally lifts and/or moves up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment- The work environment of a Mortgage Loan Processor is in a cubicle setting with access available to lenders. The general area is fair to medium noise level. All areas are air conditioned or heated. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.