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Loan Processor provides professional support services to Loan Officer by assembling a completely documented residential mortgage loan file in preparation for submission of the file to the underwriting department.
Essential Duties and Responsibilities
*Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.* Set up loan file in system* Serve as a liaison between the customer, loan officer and underwriter* Obtain needed documentation via, credit reports, appraisals and related information* Review of all files to ensure RESPA compliance* Order title work and review for accuracy and address any discrepancies* Submits loan file for underwriting approval* Maintain pipeline of loan files submitted for processing, approved and PTF conditions.
This position has no supervisory responsibilities.
* One (1) to Three (3) years prior Loan Processing/ Jr. Processing or Loan Set up experience* Experience in the mortgage industry preferred* Ability to deliver effective results* Reliable transportation, valid driver's license and current automotive insurance* Sound judgment and decision making skills* Ability to work under pressure and meet deadlines with minimal supervision* Excellent service skills
Required Education and Experience
* High School Diploma or Equivalent* Knowledge of Freddie Mac, Client and FHA/VA guidelines* Knowledge of general federal and state mandated consumer disclosure requirements* Familiarity with automated underwriting technology i.e., Client Desktop Underwriter and Freddie mac Loan Prospector* Proficient in data entry and management
* Ability to speak, read and write in the English language* Fluency is other languages preferred* Articulate speaker with good interpersonal skills
* Organizing and prioritizing* Attention to detail and accuracy* Confidentiality* Judgment* Good verbal and written communication skills* Problem analysis and problem solving skills* Ability to meet deadlines
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands to handle or feel, reach with hands and arms, talk and hear. The employee must regularly lift and/or move up to 25 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, color vision and ability to adjust focus.
Work Environment and Environmental Conditions
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The noise level in the work environment is usually moderate. There is no exposure or very limited exposure to physical risk.
Job Type: Full-time
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