Corporate Mortgage Processor III

About The Role

Summary
The Mortgage Loan Processor III position requires outstanding customer service and communication skills. Mortgage loan processors should have an aptitude in math and excellent time management and organizational skills. Attention to detail is essential. The Mortgage Loan Processor III processes and prepares for closing retail mortgage loans (conventional & government, construction, purchase & refinance, portfolio ARMs) under various loan programs in accordance with policies and procedures.

This is a Corporate position which may be located in an available bank division in Texas.

The entry rate for this position is $24.85+/hour (calculated for Texas). All compensation offers are analyzed individually and take into consideration multiple factors including but not limited to geographic location, years of experience, and educational background.

• Processes mortgage loan applications, ensuring compliance with regulations, policies, and procedures, within the required timeframe. This includes carefully reviewing the loan application to confirm it has been completed, verifying loan information and accuracy of data in Encompass. Performing preliminary income calculation/analysis, and ensuring all documents are reviewed and signatures are in order prior to submission to underwriting.
• Conducts follow‑up on third party service orders to ensure information is received in a timely manner. Generates re‑disclosures and change in circumstances as necessary. Satisfies underwriting conditions. Ensures file is complete and all requirements are met for loan to close. Coordinate loan closings including delivery of documents to title/escrow company.
• Acts as liaison between originator, underwriter, and closer/funder, to ensure timely closing of the loan, accurate completion of all loan documents, proper and complete signatures, and coordination of closing process.
• Responsible for mitigating processing related post‑closing deficiencies.
• Must comply with all company policies and procedures and all applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Must complete the assigned online training courses and achieve a passing score by due date.

Education

Required:

High School Diploma / GED.

Experience

Required:

5 years Mortgage Fulfillment Experience. 4 years Mortgage processing experience. Expert

Experience:

Loan platform software such as Encompass, and the ability to learn additional computer applications; HFA and construction procedures. Expert

Experience:

Ability to interpret underwriting guidelines and use sound judgment to clear conditions. Expert

Experience:

Conventional, FHA, VA, USDA, and construction loan processing and Loan Policy procedures. Advanced / Specialized Knowledge:
Tax returns to review and determine qualifying income. Advanced / Specialized Knowledge: DU, LP, and Loan Beam applications/results and how to interpret them.

License/Certification
None required.

• Ability to multi‑task and handle complex tasks efficiently. Strong organizational skills.
• Strong analytical skills.
• Strong attention to detail.
• Employee must be trustworthy and possess a significant level of credibility, discretion, and diplomacy.
• Employee must be a team player with a passion for customer service and a proven ability to build rapport and work effectively with employees at all levels of the organization.
• Employee must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Employee must be capable of regular, reliable, and timely attendance.
• Employee must be capable of interacting calmly and professionally with a variety of people from diverse backgrounds at various levels within and outside of the organization.

Travel
Occasional travel required: (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities.

Working Conditions
Environment:
Indoors, a climate‑controlled shared…