Senior Loan Processor

Midwest Bank Centre•St. Louis, MO

1d•Onsite

About The Position

Prepare accurate mortgage application documentation for loans to meet Fannie/Freddie/FHLB/GNMA, FHA, VA, USDA, MI and in-house underwriting guidelines. Analyze and monitor receipt of credit and collateral documents. Provide Processing support for loan officers. Maintain compliance to all regulations throughout the application process. Confirm accuracy of application data through analysis and verifications. Provide training and support within all areas of mortgage operations. Ability to conduct a junior underwriting analysis of a loan for appropriate pre-approval.

Requirements

High school diploma or equivalent
Basic math and computer skills
Excellent communication (written and verbal), customer service, organization, and time management skills
Ability to handle high workload and maneuver through multiple tasks efficiently
Ability to pass a background check
Strong dedication to accuracy and efficiency
Minimum of 5-7 years in mortgage loan processing is required

Nice To Haves

Knowledge of FHA/VA/USDA/Down Payment Assistance programs and their systems preferred.

Responsibilities

Prepare proper application and documentation to perfect Bank’s interest and mitigate risk
Obtain processing documents to ensure timely issuance of loan commitments and closings (e.g., appraisal, title, income verification, asset verification; etc.)
Determine necessary documents for mortgage file, including collateral and regulatory documents through trained/learned experience with AUS and underwriting requirements.
Determine the validity and completeness of mortgage application and processing documents
Satisfactory review of all documents to meet all federal, state, secondary market and in-house underwriting and compliance guidelines
Scan and index documents in an accurate and organized fashion for submission to underwriting and proper submission to investors and/or auditors.
Clear all conditions from underwriting and release approved mortgage to closing
Prepare mortgage file and submit to closing in timely manner to remain compliant with guidelines.
Communication with the mortgage loan officers and customers as it relates to customers, applications, loan commitments, closings, lock expiration dates and documentation
Effectively manage the entire pipeline to ensure timely completion of the mortgage process.
Main point of contact to ensure a seamless experience through the mortgage process.