Loan Processor

Description

Position Summary:

The Mortgage Loan Processor is a developmental role focused on acquiring additional skills and expertise in mortage loan processing with a focus on upward mobility. Under direct supervision, processes mortgage loan files and prepares them for underwriting approval. This person will provide an exceptional internal & external customer experience and sales support as necessary.

Duties and Responsibilities:

1. Reviews Rate Lock Confirmation and file to determine whether file meets the product guidelines.
2. Reviews documentation to anticipate any questions or concerns underwriting may have. Communicating to the Partner Bank requesting the additional documentation.
3. Reviews Mavent to ensure file is compliant with all regulatory requirements.
4. Runs AUS findings to determine file is saleable to the agencies.
5. Submits to Underwriting for conditional loan approval.
6. Reviews the conditional approval, obtain all non-borrower conditions. Review all borrower and non-borrower conditions to determine they satisfy the requirements.
7. Stays current on legal and regulatory changes.
8. Complies with all applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.
9. Other duties as required.

Requirements

Qualifications and Skills:

1. 3-5 years of experience working in mortgage, banking or finance industry is required.
2. Experience with lending laws, regulations, and guidelines is required.
3. Proficiency in MS Office [Outlook, Excel, Word] or similar software is required.
4. Proficiency working in lending systems including Encompass, Cleartouch, OnBase, various government and investor software/web portals is preferred. Credit reporting sites, USPS address verification search, personal and business name search websites are preferred.
5. High School Diploma or equivalent is required; Bachelor's degree is preferred.

Necessary competencies:

1. Process Oriented
2. Quality Focused
3. Resourcefulness
4. Communication
5. Accountability
6. Relations with Others
7. Service Orientation

Physical Environment:

• While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.
• The employee must occasionally lift and/or move up to 25 pounds.
• The noise level in the work environment is usually quiet to moderate.
• This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.
• This position may be eligible for hybrid work.