Mortgage Loan Processor

Residential Mortgage Loan ProcessorThe purpose of this position is processing residential mortgage loan applications to ensure a smooth mortgage process. This position is an entry level position for individuals with less than 1 year of mortgage lending, or related experience that indicates an ability to master the technical and detailed duties required for the production of quality loan files. This position may serve as an assistant to an experienced processor, until a level of proficiency is achieved before transitioning to individual assignments for processing.This position may be filled at Level I, II, or III. Additional responsibilities and qualifications apply.ResponsibilitiesAssist experienced processors with routine duties, such as ordering flood certs, ordering appraisals, paying invoices, etc.Update information from bank statements, paystubs, and appraisal to bank's origination system.Order and collect documentation necessary to address automated underwriting findings.Ensure compliance with bank and government regulationsStudy the automated findings and UW conditions on files to learn the requirements for loan approvals.Obtain the knowledge needed to independently submit quality files to underwriting.Perform additional duties as assigned.Additional Responsibilities Level II:Data entry of loan applications to bank's processing system and submission to automated underwriting system.Communicate with all parties on status of file.Work with originator and borrower to clear underwriting conditions.Interpret automated underwriting decisions working with system to obtain best possible outcome for borrower.Solve file issues and problems within bank guidelines.Additional Responsibilities Level III:Order and collect documentation necessary to address automated underwriting findings.Proactively anticipate problems and work to solve them.Train and mentor the Level I and II processors.QualificationsHigh School diplomaRelated education or processing/ real estate experience within a business, such as a bank, credit union, legal firm, insurance company, title company etcKnowledge of common computer operationsExcellent organizational skills and attention to detailGood communication and listening skillsAbility to be teachable and respond positively to coaching and trainingAbility to accurately input data with very little margin for errorAbility to learn new processes quickly, retain information, and validate received information as applicableAbility to read, understand, apply knowledge, and ask for helpAdditional Qualifications Level II:Two (2) to three (3) years of related experienceKnowledge of mortgage investor guidelinesKnowledge of appraisal processThorough knowledge of automated underwritingKnowledge of compliance guidelinesExcellent organizational, communication, and computer skillsTime management and prioritization skills necessary to manage workloadAbility to solve complex loan problemsAbility to manage difficult situations between interested parties in the mortgage transactionAbility to understand, apply knowledge, and resolve issues that arise between automated underwriting rules and manual underwriting rulesAdditional Qualifications Level III:Three (3) or more years of related experience with definitive evidence of ability to function at elevated capacityKnowledge and mastery of mortgage investor guidelines and appraisal review processMastery of automated underwriting processThorough knowledge of compliance guidelinesAbility to train others effectivelyPhysical Requirements/Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse, while viewing computer screens.Note: This is a brief description of this position and is not limited to those described herein. Management retains the right to add, delete or modify any of these responsibilities at any time during employment.