Mortgage Loan Processor; BR 55
About The Position
The Mortgage Loan Processor performs an initial appraisal of potential borrowers by examining applications, assessing applicants’ credit standings through background research, and interviewing applicants to evaluate eligibility for loans or mortgages. The role reviews files for completeness, accuracy, and program applicability; verifies system input; and reviews supporting documentation. It follows up with clients for additional or clarifying documents and provides status updates to loan officers, borrowers, and agents. The processor coordinates file submission to underwriting, documentation requests, satisfaction of closing and funding conditions, and closings as needed. The role submits files on time, reviews pre-audit HUD-1 forms for accuracy, resolves discrepancies with loan officers and title companies before closing, and prioritizes time-sensitive work. It also maintains knowledge of lending and financial services, ensures regulatory compliance and confidentiality of bank and customer information, builds customer trust, and performs other duties as assigned.
Requirements
- Post-TRID knowledge.
- Comprehension of direct and indirect lending procedures.
- In-depth understanding of relevant rules and regulations.
- Strong organizational skills and attention to detail.
- Excellent communication and sales skills.
Nice To Haves
- Preferably five or more years processing conventional, VA, and FHA loans.
- Encompass experience preferred.
Responsibilities
- Identify customer needs, explore options, and suggest different types of loans.
- Review files for completeness and accuracy.
- Verify the accuracy of system input.
- Analyze files for program applicability.
- Review income and asset documentation, credit reports, verifications, appraisal reports, preliminary title reports, and other necessary documentation.
- Follow up with clients to request additional documents or clarify important points.
- Provide status updates to loan officers, borrowers, and agents.
- Remain up to speed regarding lending and other financial services.
- Coordinate submission to underwriting, documentation requests, satisfaction of closing and funding conditions, and closings as needed.
- Submit files in a timely manner in accordance with company standards.
- Review pre-audit HUD-1 forms for accuracy and work with loan officers and title companies to resolve discrepancies before closing.
- Prioritize workflow so time-sensitive files are handled in the proper order.
- Ensure compliance with applicable regulatory and governmental standards, guidelines, rules, regulations, ordinances, and statutes.
- Build trust relationships and enhance customer dedication.
- Ensure confidentiality of bank and customer information.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
