Mortgage Loan Processor I
About The Position
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. Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.
Requirements
- Minimum 1 year of loan processing experience in a mortgage banking company or related financial institution required.
- Minimum 1 year of experience working with FNMA/FHLMC guidelines and standard industry guidelines required.
- Minimum 1 year of experience of state and federal lending regulations (e.g. Respa, Reg Z, Ecoa, State Fair Lending) required.
- Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.
- Ability to communicate effectively with all levels of CNB personnel, customers, and outside agencies.
- 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).
- Ability to pay close attention to detail, and work under deadlines.
Nice To Haves
- Very good analytical skills are beneficial.
Responsibilities
- 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.
- 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.
- 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.
Benefits
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
