Sr. Loan Processor

Minimum Education Required

High School Diploma or GED; Some college preferred

License(s) Required

NMLS

Compensation

$29.50 - $37.00 / Hourly

Hours Per Week

40

Number Of Positions

1

Shift

First Shift (Day)

Job Description

The Sr. Loan Processor will be responsible for processing first mortgage applications and consumer loans in accordance with all applicable federal and state guidelines.

Process residential first and second mortgage, personal & auto loan applications in accordance with all investor requirements, federal and state regulations

▪

Verify and calculate financial information to determine applicant eligibility with respect to the Bank’s risk and salability to Secondary Market. Investigate credit depository and all other financial data

▪

Request information and follows up with all necessary paperwork within established timeframes

▪

Review eligibility of applications received from mortgage lenders. Keep lenders informed of status of loan applications in process. Reviews documents and interacts with customers to process applications. Ensure applications are processed within established timeframes. Maintain contact with customers whose applications are in process. Interact with attorneys and realtors as needed

▪

Update loan origination computer system and file documentation as needed. Ensure integrity of the data entered into the loan origination system

▪

Maintain a current knowledge of all Federal and State regulations pertaining to lending, including but not limited to compliance with FNMA, FHLMC, and PMI

▪

Review and monitor expiration of file documentation. Update documentation and files as needed. Update documents to comply with investors’ aging requirements.

▪

Function as backup for Sr. Loan Closing Rep and Loan Officer as required

▪

Maintain compliance while performing all job functions

Place of Work

On-site

Requisition ID

MBSLPR01

Job Type

Full Time

Application Email

View email address on click.appcast.io