Mortgage Processor

Mortgage Processor

The Mortgage Processor is responsible for evaluating, authorizing approval or denying applications for people or businesses. The Mortgage Processor will act as the liaison between potential clients and our growing financial institution by researching credit records, determining client needs and recommending the best loan products for the loan package. The goal is to help eligible applicants obtain loans in a timely and professional manner while protecting our institution's credibility. For those clients undergoing financial hardship, mortgage processors help with determining ratios and metrics to set up debt payment plans.

Primary duties include:

• Complying with industry-related regulations, requirements and state/federal laws as applicable to the job duties of this position.
• Interviewing applicants, researching applicant credit status and current financial position to evaluate their eligibility for a mortgage loan.
• Identifying and recommending products that meet the customer's needs and the originations leading guidelines.
• Concluding on all applicable financial and non-financial criteria and development loan repayment plans.
• Collecting and preparing all necessary documentation for the loan package. Checking documents for proper vesting, legal descriptions, closing dates and signatures.
• Finalizing loan contracts and keeping clients informed in rules and obligations.
• Remaining up to speed regarding lending and other financial services.
• Submitting files to the designated Underwriter.
• Completing all required disclosure/verifications during the mortgage application and underwriting process.
• Following up with clients to verify important information.
• Regular and sustained attendance.
• Following all bank and regulatory compliance related policies and procedures; including Bank Secrecy Act/Anti-Money Laundering, reporting suspicious activity to the BSA Officer and additional BSA job functions as required by job.
• Maintaining compliance with and adhering to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.

Minimum educational and experience requirements include:

• Bachelor's degree in business, banking, or finance preferred.
• Required to possess all applicable licenses.
• A minimum of 5 years' experience as a Mortgage Processor or similar role.
• In-depth knowledge of closing procedures, loan processes, and documentation.
• High level of understanding of current regulatory requirements affecting mortgage loans.

Minimum skill requirements include:

• Professional and effective verbal and written communications.
• High degree of detail orientation.
• Strong organizational skills.
• Ability to work independently with minimal supervision.
• Proficient with MS Office.

Physical demands include:

• Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer.
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use.
• Continuous communication: verbal and written, in-person, phone and electronic.

Work environment is an office environment.

Equal Opportunity Employer. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.