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Mortgage Loan Processor EVOLVE BANK & TRUST)
Ref No.: 16-07649
Location: Newark, Delaware
The Mortgage Loan Processor is responsible for providing professional support to a loan officer by completely documenting a mortgage loan file for submission of the file to underwriting where the approval or denial process of the application is made. With daily interactions with loan officers and staff involved in underwriting and closing. The Loan Processor will perform the following duties.

Main Job Tasks and Responsibilities:

•Verify that all loan application documentation has been received.

•Send requests to third party sources to independently verify personal and financial information of the borrower.

•Verify that the loan set up sheet has been completed, the escrow in system is set up correctly, and assists in the credit and appraisal ordering process.

•Update application information accurately into the system.

•Document all communication with applicants and internal personnel on any issues, concerns, or discrepancies in a conversation log.

•Return phone calls and inquiries from loan officer, applicant, builders, or agents, concerning status of application.

•Follow up on requests that were sent to the third parties for personal and financial verifications.

•Verify income ratios, loan values, reserves, and credit history meet loan requirements.

•Review returned verification information for discrepancies and update system.

•Complete loan submission sheets and pre-underwrite files for any additional items that may be required to complete the loan closing process.

•Electronically organize all documentation as determined by corporate office in the correct order to send a file to be underwritten

•Submit loans to underwriting for approval or denial.

•Review and obtain any documentation that the underwriter is requesting on the Underwriting Decision Form.

•Review final numbers, closing costs, payoffs, fees, etc. and schedule the loan closing with loan officer, clients, attorney, agents, closing department, and any other person that is involved in the loan closing.

•Perform other related duties as assigned
  • 2 years minimum experience in Loan Processing
  • Excellent verbal and written communication skills
  • Strong interpersonal skills to build and maintain professional relationships with clients, customers and co-workers
  • Excellent time management and organization skills to effectively prioritize multiple objectives and achieve volume goals
  • Excellent computer skills
  • Encompass knowledge is preferred
ControlID: 14.234.89 SHR