MORTGAGE LOAN PROCESSOR

Whitaker Bank • Lexington, KY

414d

About The Position

The Mortgage Loan Processor at Whitaker Bank is responsible for assisting Mortgage Loan Originators and the Loan Administrative Assistant in the processing of mortgage loan applications and Home Equity Line of Credit applications. This role involves gathering, organizing, and reviewing necessary documents to ensure compliance with bank policies and federal regulations, as well as preparing approved loan requests for closing. The position requires comprehensive knowledge of mortgage loan processing and adherence to all applicable banking regulations.

Requirements

• Associate's Degree (AA) or equivalent from a two-year college or technical school, or one-year related experience and/or training, or equivalent combination of education and experience.
• Work-related experience should consist of a credit review or loan processing background.
• Intermediate level of work experience, knowledge, and training in loan servicing activities and terminology.
• Intermediate knowledge of state and federal banking compliance regulations and bank lending policies.
• Intermediate knowledge of title policies and related loan regulations such as TRID and HMDA.
• Intermediate skills in personal computer operation, word processing, spreadsheet, and Encompass Mortgage Loan Origination software.
• Intermediate typing skills to meet production needs of the position.
• Intermediate math skills for calculations and account balancing.
• Effective oral, written, and interpersonal communication skills.
• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
• Effective organizational and time management skills.
• Ability to work with minimal supervision and a current KY driver's license.

Nice To Haves

• Basic supervisory skills to handle staff in the absence of the Department Supervisor.

Responsibilities

• Accepts assigned Mortgage Loan and Home Equity Line of Credit applications in the bank's Mortgage Loan Operating System, Encompass.
• Orders and reviews appraisal, flood certification, title search, title insurance, homeowner's insurance, and employment verifications.
• Reviews and verifies that income documentation has been uploaded in the file according to bank underwriting guidelines.
• Determines if any additional documentation is needed for loan processing.
• Exports secondary market loan files for upload to investor website and collaborates with investor loan processors and underwriters.
• Obtains necessary loan approval information from the lender and verifies loan approval under the appropriate lending authority.
• Runs HPML tests on applicable loans and verifies HMDA data accuracy for reporting.
• Completes compliance reviews to ensure documentation completeness in the file.
• Assists in coordinating closing with bank-approved or customer-requested attorneys.
• Prepares final document packages and funding for all portfolio loans and HELOCs for closing.
• Operates computer systems to process loan activity and resolve issues within authority.
• Types routine letters, reports, and forms as needed.
• Completes online compliance training as assigned.
• Conducts oneself professionally and upholds organizational values.
• Demonstrates knowledge of and adherence to EEO policy and promotes a diverse workforce.
• Follows policies and procedures and completes administrative tasks on time.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Associate degree