Mortgage Loan Processor I

FIRSTBANK SOUTHWEST • Amarillo, TX

5d • Onsite

About The Position

Responsible for processing all Programs & Products including all in-house (portfolio) loans, FHA, VA, and Conventional mortgage loan applications including ordering title work, appraisals, and all verifications applicable to each file. Education/Experience: A minimum of the following education/experience is required: High School diploma/GED and 7 years in mortgage loan processing; OR Associate Degree and 5 years in mortgage loan processing.

Requirements

• High School diploma/GED and 7 years in mortgage loan processing; OR Associate Degree and 5 years in mortgage loan processing.
• General computer skills
• Microsoft Office, specifically Word and Excel

Responsibilities

• Processes loan requests, to include FHA, VA & Conventional loans; refinance and purchase money second liens.
• Compiles and analyze financial information and documents for mortgage applications and confirm compliance with underwriting guidelines.
• Provides mortgage application information requirements to the parties involved, including Loan Originators, realtors, sellers, and applicants.
• Manages a pipeline of loan files in various stages of processing as designated by management and insure customer service standards are met.
• Prepares and Issue forms required for regulatory compliance.
• Reviews financial information and documents for accuracy and completeness and calculate income and review assets and liabilities to insure compliance with guidelines.
• Discloses mortgage loans upon receipt of contract.
• Explains to borrower and track waiting periods on disclosures and right to cancel.
• Determines a change of circumstance and take appropriate action to allow the loan to close.
• Understands FNMA Delegated Underwriting (DU) and FHLMC Loan Prospector (LP) automated underwriting findings.
• Understands RESPA, HMDA, TRID and other applicable regulations.
• Registers with the Nationwide Mortgage Licensing System (NMLS) and maintain the unique identifying number necessary as a Mortgage Loan Originator (MLO).
• Other duties as assigned.

Benefits

• Medical, Rx, Dental, and Vision insurance
• HSA, FSA, and Limited FSA
• Employer paid and voluntary Life Insurance/AD&D
• Short-Term Disability
• Long-Term Disability
• Accident/Hospital Indemnity/Critical Illness voluntary plans
• Identify Theft Protection
• 401k with employer match
• Vacation, Sick Leave, and Holiday pay
• Tuition Reimbursement
• Gym membership discounts
• Annual payrate increases
• Incentive based bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 101-250 employees