Loan Processor

M2 • Westlake, OH

2d • Hybrid

About The Position

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

Requirements

• 3-5 years of experience working in mortgage, banking or finance industry is required.
• Experience with lending laws, regulations, and guidelines is required.
• Proficiency in MS Office [Outlook, Excel, Word] or similar software is required.
• High School Diploma or equivalent is required.
• Process Oriented
• Quality Focused
• Resourcefulness
• Communication
• Accountability
• Relations with Others
• Service Orientation

Nice To Haves

• 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.
• Bachelor’s degree is preferred.

Responsibilities

• Reviews Rate Lock Confirmation and file to determine whether file meets the product guidelines.
• Reviews documentation to anticipate any questions or concerns underwriting may have. Communicating to the Partner Bank requesting the additional documentation.
• Reviews Mavent to ensure file is compliant with all regulatory requirements.
• Runs AUS findings to determine file is saleable to the agencies.
• Submits to Underwriting for conditional loan approval.
• Reviews the conditional approval, obtain all non-borrower conditions. Review all borrower and non-borrower conditions to determine they satisfy the requirements.
• Stays current on legal and regulatory changes.
• 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.
• Other duties as required.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED