Mortgage Processor

Security National Mortgage Company • Austin, TX

1d • Onsite

About The Position

A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System. In their final analysis of the loan, the Mortgage Loan Processor determines when the file is complete and ready for underwriting submission. The file is then submitted to the underwriting for underwriting of all the documentation prepared and reviewed by the processor. Upon loan approval the Loan Processor will be responsible for coordinating the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower. Accumulate any additional conditions as required from the borrower for funding.

Requirements

• Excellent customer service
• Effective communication skills including written and verbal
• Basic knowledge of lender’s and investor’s underwriting and program guidelines
• Ability to prepare state and federally required disclosures
• Ability to manage processing pipeline
• Knowledge of basic underwriting guidelines to calculate income, assess adequate asset availability, review appraisal report, read title commitment/preliminary title reports

Nice To Haves

• 2+ years experience

Responsibilities

• Preparing disclosures
• Ordering appraisals, title work and escrow
• Confirming data as compiled by the loan originator in SNMC’s Loan Operating System
• Ordering credit reports
• Verifying employment with the employer
• Reviewing documentation provided by the borrower, title company, appraiser, real estate agent to support employment, income, assets, net worth, willingness to pay, property appraisal, and property survey
• Determining when the file is complete and ready for underwriting submission
• Submitting the file to underwriting
• Reviewing the loan package
• Coordinating the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower
• Accumulating any additional conditions as required from the borrower for funding

Benefits

• Accrued sick / vacation leave
• 10 paid holidays
• Medical with HSA and FSA options
• Dental
• Vision
• 401(k) with company match

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed