Mortgage Loan Processor

Nationwide Preferred Lender.

#4 Mortgage Company in the Nation to work for!

Employee is responsible for processing and closing a minimum of 15 loans monthly while maintaining a pipeline conducive to meeting the minimum requirement. Employee must maintain a quality rating of 90% or greater (defined as percentage of loans approved at initial submission to Underwriting). Employee is responsible for the secure and accurate accumulation of loan documentation. Employee must ensure the timely and compliant closing of all types of residential mortgage loans within established deadlines.

Essential Duties:

• Maintains a secured environment to process loan files.
• Procures verifications for credit items which include, but are not limited to: employment, asset information, rental history, credit reports, etc.
• Researches and verifies account information and resolves problems for customers as needed.
• Liaisons with third party vendors (appraisal, title, insurance, etc) to obtain necessary documentation for loan approval.
• Reviews documentation and provides conditions for loan approvals needed to comply with underwriting guidelines: borrower documentation, credit, and collateral documentation.
• Analyzes and interprets financial data to fit established parameters set by industry.
• Understands and uses computer programs and systems for the tracking and processing of loans – LOS and AUS systems.
• Provides support duties for management and loan officers as needed.
• Ensures that all necessary disclosures (state, federal and company specific) are provided to client as required.
• Communicates any concerns on possible misrepresentation or fraudulent documentation/activity to Branch Manager and/or Processing Supervisor, if necessary.
• Communicates any and all issues affecting loan process and approval with applicable loan officer.
• Works with underwriting and closing departments to ensure that quality of loan submissions is consistent with maintaining the efficiencies of the loan file flow.
• Communicates concerns or suggestions on improving overall systems to Processing Manager when appropriate.
• Assists with problem-solving when issues arise that involve the successful closing of requested residential loan.
• Maintains necessary pipeline management to ensure timely closings of all loans at a 90% COE success ratio or higher.