Mortgage Loan Processor performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Job Summary:
We are seeking a detail-oriented Mortgage Processor to join our team. The Mortgage Processor will be responsible for reviewing and verifying mortgage loan applications, ensuring all necessary documentation is in place for underwriting, and facilitating a smooth mortgage approval process.
Duties:
- Review mortgage loan applications for accuracy and completeness
- Verify applicant information including employment, income, credit history, and assets
- Communicate with loan officers, underwriters, and borrowers to obtain any missing or additional documentation
- Ensure compliance with all regulatory requirements and internal policies
- Prepare files for underwriting review
- Coordinate with escrow companies, title companies, and insurance agencies to gather necessary information
- Assist in resolving any issues that may arise during the mortgage process
Qualifications:
- Proven experience in loan processing within a banking or financial services environment
- Strong understanding of FNMA guidelines and underwriting criteria
- Knowledge of escrow procedures and mortgage contracts
- Proficiency in math and financial calculations
- Excellent communication skills with the ability to interact effectively with various stakeholders
- Detail-oriented with strong organizational skills
Nice-to-Have Skills:
- Previous experience as a loan officer or underwriter would be beneficial
This position offers the opportunity to work in a dynamic industry with room for growth and advancement. If you meet the qualifications and are looking to join a dedicated team in the mortgage industry, we encourage you to apply.
Job Type: Full-time
Pay: From $45,000.00 per year
Benefits:
Schedule:
Ability to Commute:
Ability to Relocate:
Work Location: In person