Mortgage Loan Processor; BR 42 - VMOA; 4.7.25
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:
ā¢ Identify customer needs, explore all options, and suggest different types of loans. Review files for completeness and accuracy.
ā¢ Verify accuracy of system input.
ā¢ Analyze file for program applicability.
ā¢ Review necessary documentation, such as income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
ā¢ Follow up with clients to request additional documents as needed or to clarify important points.
ā¢ Provide status updates to loan officers, borrowers, and agents.
ā¢ Remain up to speed regarding lending and other financial services.
ā¢ Coordinate all aspects of submission to underwriting, documentation requests and satisfaction of closing/funding conditions. Coordinate closings as needed.
ā¢ Submit files in a timely manner in accordance with company standards.
ā¢ Review pre-audit HUD-1 to ensure accuracy. Work with loan officer and title companies to resolve any discrepancies prior to closing.
ā¢ Prioritize workflow to ensure time sensitive files are handled in proper order.
ā¢ 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.
ā¢ Forge trust relationship and enhance customer dedication.
ā¢ Ensures confidentiality of bank and customer information.
ā¢ Performs other duties as assigned.
Requirements
Preferred Skills:
ā¢ Preferably 5 years or more processing conventional, VA and FHA loans.
ā¢ Encompass experience preferred.
Requirements:
ā¢ Post TRID knowledge required.
ā¢ Comprehension of direct/indirect lending procedures.
ā¢ In-depth understanding of relevant rules and regulations.
ā¢ Strong organization skills and detail oriented.
ā¢ Excellent communication and sales skills.
Apply Now
Apply Now
ESSENTIAL FUNCTIONS:
ā¢ Identify customer needs, explore all options, and suggest different types of loans. Review files for completeness and accuracy.
ā¢ Verify accuracy of system input.
ā¢ Analyze file for program applicability.
ā¢ Review necessary documentation, such as income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
ā¢ Follow up with clients to request additional documents as needed or to clarify important points.
ā¢ Provide status updates to loan officers, borrowers, and agents.
ā¢ Remain up to speed regarding lending and other financial services.
ā¢ Coordinate all aspects of submission to underwriting, documentation requests and satisfaction of closing/funding conditions. Coordinate closings as needed.
ā¢ Submit files in a timely manner in accordance with company standards.
ā¢ Review pre-audit HUD-1 to ensure accuracy. Work with loan officer and title companies to resolve any discrepancies prior to closing.
ā¢ Prioritize workflow to ensure time sensitive files are handled in proper order.
ā¢ 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.
ā¢ Forge trust relationship and enhance customer dedication.
ā¢ Ensures confidentiality of bank and customer information.
ā¢ Performs other duties as assigned.
Requirements
Preferred Skills:
ā¢ Preferably 5 years or more processing conventional, VA and FHA loans.
ā¢ Encompass experience preferred.
Requirements:
ā¢ Post TRID knowledge required.
ā¢ Comprehension of direct/indirect lending procedures.
ā¢ In-depth understanding of relevant rules and regulations.
ā¢ Strong organization skills and detail oriented.
ā¢ Excellent communication and sales skills.
Apply Now
Apply Now