Mortgage Loan Processor

Role Description

The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include:

• Carefully reviewing mortgage applications to confirm that all essential fields have been completed.
• Organizing additional application materials.
• Submitting applications on schedule.

Job Functions

• Manages pipeline of 20-25 loans per month, including purchases and refinances.
• Compiles and verifies borrower information for residential mortgage loans.
• Calculates borrower income, assets, and liabilities.
• Reviews loan applications for completeness, ensuring loan meets standards (type, amount, assets); reconciles against system input.
• Gathers required documentation from borrowers and third parties.
• Communicates effectively with Mortgage Loan Originators and other stakeholders to complete mortgage loan file processing requirements.

Qualifications

• Education: High school diploma or equivalent required.
• Years of Related Experience: Minimum 3 years processing experience.
• Knowledge, Skills and Abilities (KSAs):
• Proficient with DU/GUS/LP.
• Familiar with FHA, VA, USDA and conventional products.
• Proficient in Mortgage Loan Origination Systems (LOS).
• Excellent written and verbal communication skills along with solid computer skills.
• Analytical thinker and consultative mind to support both team members and managers in all areas of the business.

Requirements

• Silverton Mortgage is committed to creating an inclusive workplace.
• Silverton Mortgage is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

Benefits

• The expected base pay range for this position is from $55,000 to $60,000 plus additional bonus opportunity resulting in an expected total annual compensation of $80,000-90,000.
• The annual compensation range is based on experience, qualifications, and other relevant factors.
• Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.