The Mortgage Loan Processor is responsible for processing all first and second mortgages, working closely with the Loan Officers, Underwriters, and Closers from application through post-closing of the mortgage loan. In addition, this role analyzes, reviews, and clears underwriting conditions, resolves routine title issues, prepares loan files for closing when necessary, and more.
Key Job Responsibilities and Accountabilities
· Processes and closes first and second mortgage applications in accordance with secondary market/Credit Union guidelines and ensures loan documentation complies with Federal, State, and local rules and regulations.
· Keeps abreast of industry developments including, but not limited to, changes in regulations and technology.
· Ensures adherence to company policies and procedures and Banking/Credit Union Regulations.
· Performs additional duties as required.
· Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, partners, and vendors.
· Interacts with Loan Officers, Underwriters, Closers, Support, and Submission team members to facilitate a smooth transaction. Additionally, interacts with outside sources such as vendors, service providers, partners, and members to facilitate a smooth transaction.
· Maintains a high level of customer service by being proactive in communication with co-workers, members, vendors, attorneys, partners, title company representatives to ensure proficient processing of all loans and a positive experience.
· Manages satisfactory reviews and clearance of underwriting conditions which include, but are not limited to, income, asset documentation, collateral documentation, and resolving routine title issues ensuring loan files meet secondary market/Credit Union guidelines. Routine title issues include, but are not limited to, vesting issues, child support liens, judgement liens, mechanic liens, and undisclosed liens.
Job Requirements, Competencies, and Skills
· Bachelor’s degree in finance, business administration, or other business-related degree preferred, will consider experience in lieu of degree.
· Minimum of three years related experience; related work experience in mortgage industry required.
· Detailed knowledge of secondary market guidelines and regulations.
· Knowledge of the mortgage process from origination to post closing.
· Excellent problem-solving, organizational, analytical, verbal, and written communication skills.
· Strong decision making and time management skills with the ability to manage multiple projects/duties.
· Trustworthy with the ability to maintain the highest level of integrity and trust.
· Proficiency in Microsoft Office, specifically Outlook, Teams, Word, Excel, PowerPoint, and SharePoint. Related experiences with loan origination systems preferred, but not required.
Job Type: Contract
Pay: $24.00 - $29.00 per hour
Schedule:
Experience:
- Mortgage servicing: 3 years (Required)
- Customer service: 3 years (Preferred)
Work Location: Remote