Mortgage Loan Processor

Compensation

$

Hours Per Week

40

Number Of Positions

1

Job Description

Job Title: Mortgage Loan Processor

FLSA Status: Non-exempt

Department: Mortgage

Hours of Operation: M – F 8:00 am to 5:00 pm

Hours may vary during High Volume Periods

General Job Summary:

Responsible for the processing of a mortgage loan to insure the loan meets our Agency and Compliance requirements. To better serve the customer, must have knowledge of the different products available. Work closely with all parties involved to create and maintain complete customer satisfaction.

Organizational Duties and Responsibilities:

Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.

Supports all functions that maintain compliance with regulatory agencies.

Essential Duties and Responsibilities:

Gather and interpret data that support mortgage loan request, such as automatic underwriting findings, credit reports, income and asset documentation, appraisals and other requirements

Analyze information for completeness, accuracy and acceptability of Agency guidelines

Submit complete loan packages to underwriter for review

Develop ability to maintain timely processing of a loan package from receipt of file to closing with maximum timelines of 30 days for conventional loans and 45 days for government loans

Aware of product requirements to have the ability to negotiate the necessity of approval conditions that could be deemed unnecessary and a hardship to the customer to produce

Develop and maintain up-to-date knowledge of Agency and Bank’s guidelines, rules and regulations pertaining to generating an acceptable mortgage loan

Keep all parties involved with the mortgage transaction current and up-to-date with the status of the loan during the process

Ability to provide complete and accurate HMDA reporting information

Perform other departmental duties as workload and priorities dictate

Other Functions:

Assist other mortgage department personnel when necessary

Working Conditions:

Office Setting

Minimum Job Requirements:

Education: High school/GED education

Experience: 3+ years experience in FHA, VA, Conventional mortgage processing or underwriting.

Specific Skills:

Ability to function independently in a multi-task environment, as well as part of a team

Comfortable communication with all levels of management and employees

Proven knowledge of Automatic Underwriting Systems and Mortgage Processing Systems

Proven knowledge and experience pertaining to the processing of conventional and government loans

PC literacy with 35 WPM typing skill

Strengths in problem solving and resolution

Detailed oriented and self motivating

Strong planning and organizational skills

Good oral and written communication skills

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Primarily sedentary work performed in an office environment

Ability to sit for extended periods of time while working at a computer

Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment

Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person

Visual acuity sufficient to read computer screens, printed documents, and financial data

Occasional standing, walking, bending, or reaching

Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)

Place of Work

On-site

Requisition ID

62575