Mortgage Loan Processor

Responsibilities

• Organize and prepare loan files for underwriting, ensuring all documents are easily accessible and formatted appropriately.
• Complete and send verification forms (e.g., employment, income, mortgage, deposits) promptly.
• Order and review credit reports, appraisals, and title reports, addressing any discrepancies or adverse conditions.
• Act as the primary point of contact for members throughout the mortgage process.
• Communicate effectively with Loan Officers, realtors, sellers, insurance agents, closing agents, and appraisers to resolve issues and coordinate processes.
• Monitor loan files for compliance with secondary market and regulatory standards.
• Provide updates and clarification regarding adverse information to ensure underwriter approval.
• Review and address any conditions or additional requirements post-underwriting.
• Maintain an active pipeline of 20 to 45 loans monthly, ensuring timely processing and closures.
• Coordinate settlement dates with members, title companies, and closers.

• Associate’s degree preferred or equivalent specialized training in mortgage or financial services
• Minimum of 3 years of related work experience in mortgage or financial processing
• Knowledge of Agency, Freddie Mac, and Fannie Mae underwriting guidelines
• Proficiency in Microsoft Word and Excel; familiarity with Encompass preferred
• Accurate typing at a minimum speed of 35 words per minute
• Strong written and verbal communication abilities
• Excellent organizational skills and attention to detail
• Ability to exercise sound judgment and diplomacy
• Nationwide Mortgage Licensing System (NMLS) registration required within 30 days of employment

• Loan File Organization
• Credit Report Review
• Typing Speed of 35 WPM
• Verification Form Completion
• Compliance Monitoring
• Attention to Detail
• Organizational Skills
• Sound Judgment
• Diplomacy

• NMLS Registration