Senior Mortgage Loan Processor
CHICKASAW COMMUNITY BANK•Ada, OK
•Onsite
About The Position
The Mortgage Loan Processor is responsible for obtaining and preparing loan documents, credit documents, appraisals, etc. to complete loan files. This position maintains and updates records and files for processing of each mortgage loan, verifies files for accuracy and completeness and performs data entries. The Mortgage Loan Processor works closely with Mortgage Loan Officers and Underwriters to ensure guidelines, compliance laws and regulations are met and timely closing of the loan.
Requirements
- High school diploma or equivalent.
- Minimum of 3 years of mortgage lending experience preferred.
Nice To Haves
- Advanced knowledge of the mortgage department’s Loan Operating System (LOS)
Responsibilities
- Manage assigned Pipeline daily in LOS to ensure dates ECD (Expected Closing Dates) are correct and updated.
- Monitor receipt of appraisals, credit reports, preliminary title information, case numbers and other loan documentation needed for underwriting submission for the processing of the file
- Maintain contact will all parties including customers, loan officers and real estate agents
- Review each loan file to verify accuracy of 1003 ensuring accuracy and completeness before submission to underwriting
- Gather all documentation needed from the customer, verifying accuracy and completeness prior to submission to underwriting
- Pre-underwrite all loans to ensure proper supporting documentation before submission to underwriting
- Confer with borrowers concerning questions, procedures, necessary information, etc.
- Collect, submit, and clear all underwriting conditions related to the processing process
- Coordinate closing date and location between Loan Officer, Closing Department, customer and closing agent
- Manage key data, including but not limited to lock expiration, contingency dates, contract dates, credit documentation expiration, ECOA, MDIA and other compliance related issues
- Act as a trouble-shooter for problem loans, interacting between the Loan Officer, customer and Underwriter
- Maintain current knowledge of underwriting guidelines for various investors and internal software systems used
- Review new files within 48 hours
- Close all loans on or before expected closing date
- Keep accurate and updated notes on every loan file in our Loan Origination System
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
