Senior Mortgage Loan Processor

FLSA: Non-Exempt Department: Residential Lending Reports to: AVP, Manager Residential Lending Arundel Bank headquartered in Anne Arundel County seeks a Senior Mortgage Loan Processor. You will be charged with processing a variety of conventional, FHA and VA mortgage loans (1st, fixed 2nd trusts, HELOCS, construction perm, etc.). Processing includes but is not limited to a thorough review and/or verification of all originated loans for compliance as well as qualifying factors such as income, credit, and assets. The Senior Mortgage Loan Processor will work with team members and title companies/attorneys to ensure accurate and timely loan processing. Is this the job for you? Do you possess a strong service orientation, attention to detail, and excellent communication and interpersonal skills? Do you have 5 or more years of experience in residential lending with 3 or more years in processing conventional FHA and VA loans? If so, this may be the job for you. Responsibilities Processes mortgage applications that are originated by the Residential Lending Department and/or approved Brokers. Processing activities include, but are not limited to, verification of income, employment, assets, down payments, debts, and property values. Orders title searches, property appraisals, appraisal reviews and AVMs. Loan files are processed in accordance with Arundel Federal and/or FNMA, FHMLC, FHA and VA underwriting policies as well as Automated Underwriting System (AUS) feedback certificates as applicable. Accurately calculates all types of income including but not limited to self-employed, fluctuating hourly, commission, rental, etc. Confer with Loan Originators and Loan Underwriters to assist with scenarios/policies and aid in resolving complex mortgage applications. Maintain loan documentation in customer’s electronic file, ensuring all policies and procedures of the Bank are followed. Update loan records as required. Audits files to ensure that all required documents are present and in compliance. Utilize tact and experienced based knowledge to resolve customer (internal and external) problems by explaining specific policies and products while representing the Bank in a professional manner and maintaining positive customer relations. Provides general department support when loan pipeline and/or staff schedule warrants including, but not limited to, review title work, Loan Estimate (LE), and other documents for accuracy and compliance. Review and reconcile Closing Disclosure (CD) with Loan Estimate (LE) prior to closing to identify and/or correct tolerance violations. Responsible for applying requirements relating to Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) including Beneficial Ownership (BO). Responsible for applying all regulatory requirements during the performance of the job duties as assigned. Complete all annual required BSA and other bank compliance training as assigned in a timely manner. Perform other loan processing and administrative duties as assigned by the AVP, Manager Residential Lending and/or VP, Residential Lending. Qualifications High school degree or equivalent (GED). Minimum five years’ experience in the field of mortgage banking with 3 or more years in processing conventional loans, FHA and VA loans. Experience in loan closing a plus. Strong knowledge of secondary market guidelines, including FNMA and FHLMC, FHA, VA, general Investor overlays and conventional mortgage insurance required. Knowledge of real estate lending criteria, compliance, and federal/state regulations. Demonstrated proficiency with standard mortgage Loan Origination Systems (Encompass preferred) as well as DU and LPA Automated Underwriting Systems. Demonstrated understanding of entire mortgage loan process from origination through post-closing. Excellent organizational, analytical, and problem-solving skills. Excellent verbal, written, telephone and interpersonal communication skills. Must possess strong service orientation. PC proficient, including Microsoft Office (Word, Excel, Outlook) and the Internet. Why join Arundel Bank? We are a community retail bank focusing on deposits and lending serving Anne Arundel county since 1906. “Your Vision. Our Strength.” is the phrase that describes what we do and have consistently done for over 100 years: use our strong capital position and financial strength to help our customers achieve their financial dreams and personal visions. We offer a comprehensive benefits package including paid time off, medical, dental, vision, life, and disability insurance, HRA, FSA, paid holidays, and 401(k) profit sharing plan. Learn more about Arundel Federal at: Arundel Bank is an Equal Opportunity/Affirmative Action Employer and will not discriminate in its employment practices due to an applicant's race, color, religion, national origin, sex gender identity/expression, age, ancestry, sexual orientation, disability, genetics, veteran status, marital status, pregnancy-related conditions, or political beliefs. We also maintain a drug-free workplace. Job Type: Full-time Pay: From $23.75 to $33.25 per hour Flexible work from home options available. #J-18808-Ljbffr