Mortgage Loan Processor; BR 25 - Hughes; 1/7/2025
Remote Worker
Description

JOB SUMMARY: Responsible for performing initial appraisal of potential borrowers by thoroughly examining their applications; assessing the credit standings of applicants through background research; and interviewing applicants to evaluate their eligibility for loan or mortgage.


ESSENTIAL FUNCTIONS:

  • Identify customer needs, explore all options, and suggest different types of loans. Review files for completeness and accuracy.
  • Verify accuracy of system input. 
  • Analyze file for program applicability. 
  • Review necessary documentation, such as income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
  • Follow up with clients to request additional documents as needed or to clarify important points. 
  • Provide status updates to loan officers, borrowers, and agents.  
  • Remain up to speed regarding lending and other financial services.
  • Coordinate all aspects of submission to underwriting, documentation requests and satisfaction of closing/funding conditions. Coordinate closings as needed. 
  • Submit files in a timely manner in accordance with company standards.
  • Review pre-audit HUD-1 to ensure accuracy. Work with loan officer and title companies to resolve any discrepancies prior to closing.
  • Prioritize workflow to ensure time sensitive files are handled in proper order.
  • Assure compliance with all regulatory and governmental standards, guidelines, rules and regulations with all regulatory authorities, federal or state ordinances and administrative regulations and statues.
  • Forge trust relationship and enhance customer dedication. 
  • Ensures confidentiality of bank and customer information.
  • Performs other duties as assigned.


Requirements

Preferred Skills:

  • Preferably 5 years or more processing conventional, VA and FHA loans. 
  • Encompass experience preferred.


Requirements:

  • Post TRID knowledge required. 
  • Comprehension of direct/indirect lending procedures. 
  • In-depth understanding of relevant rules and regulations.
  • Strong organization skills and detail oriented.
  • Excellent communication and sales skills.