Mortgage Loan Processor

Renasant Bank • Tampa, FL

8d • Onsite

About The Position

The Mortgage Loan Processor is a senior clerical position in the Mortgage Division. This position will be responsible for gathering financial data and credit information used in the credit decision process. This position will also be responsible for preparing loan documents for underwriting; monitoring and following strict deadlines; handling confidential information; and preparing all entries to book loans. This position will ensure that each loan file is prepared and ready for loan closing.

Requirements

• High school diploma or equivalent required
• Minimum of 2 years job related experience
• Ability to operate a personal computer using Microsoft Word and Excel
• Working knowledge of loan documentation and bank terminology
• Basic knowledge of Accounting
• Ability to deal tactfully and effectively with customers as well as fellow employees
• Knowledge of all necessary computer applications

Responsibilities

• Process files from opening through closing of each loan.
• Take ownership of loan files once received from mortgage loan officer.
• Be primary contact for all parties involved in the process of the mortgage loan.
• Assemble all loan documents necessary to meet the underwriting guidelines for the particular loan program in process.
• Obtain the necessary documents from the customer to meet Automated Underwriting System findings.
• Review all documents for accuracy and completeness and determine the documentation necessary to be included in mortgage loan file.
• Check Vendor screen for completeness.
• Analyze borrower(s) Federal Tax returns (if applicable) to determine qualifying income.
• Complete FNMA Form 1084 Self Employed Cash Flow Analysis for loan files with tax returns.
• If responsible for ordering appraisals-title and hazard insurance, track the order and status of ordered appraisals-title and hazard insurance.
• Maintain compliance of Good Faith Estimate, Truth-in-Lending, and all other Real Estate Settlement Procedures Act (RESPA) disclosures.
• Review documentation for completeness and accuracy, ensuring compliance with initial truth-in-lending guidelines.
• Notify Mortgage Banker of changes to loan file needing Changed Circumstance and re-disclosure.
• Responsible for conferring with borrowers concerning questions, procedures, necessary information and forms completion, and loan status.
• Communicate, in writing and verbally, with various parties to the mortgage loan process.
• Perform other related duties as assigned.

What This Job Offers

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