Mortgage Loan Processor

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Loan Centralization EE Full Time Lexington, KY, US

MORTGAGE LOAN PROCESSOR

The position Loan Processor is responsible for assisting the Mortgage Loan Originators (MLO) and Loan Administrative Assistant in gathering, organizing, and reviewing required documents and reports for a Mortgage Loan Application and Home Equity Line of Credit Application to be considered for approval under Whitaker Bank loan policy and product guidelines. Assists in preparing approved loan requests for closing. The position of Mortgage Loan Processor is required to be fully knowledgeable and skilled in all areas of mortgage loan processing, secondary market loan processing and home equity line of credit processing closing and funding.

Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

1. Accepts assigned Mortgage Loan and Home Equity Line of Credit applications and related file in the bank’s Mortgage Loan Operating System, Encompass

2. Orders and reviews appraisal, flood certification, title search, title insurance, homeowner’s insurance, and verifications employment.

3. Reviews and verify that income documentation has been uploaded in file (pay stubs, W2’s, 1099’s tax returns, social security awards letter, and related income documentation) per bank underwriting guidelines is in file.

4. Determines if any additional documentation is needed.

5. Exports secondary market loan files for upload to investor website and works directly with investor loan processor and underwriters to provide proper due diligence items to achieve clear to close.

6. Obtains the necessary loan approval information from the lender, and verifies loan is approved under appropriate Whitaker Bank lending authority chart.

7. Runs HPML test on all applicable loans.

8. Verify all HMDA data is accurate for reporting.

9. Completes compliance reviews to ensure documentation in file is complete.

10. Assisting in coordinating closing with bank approved attorney or customer requested attorney.

11. Prepares final document package and funding for all portfolio loans and HELOCs and sends to attorney or MLO for closing.

12. Operates computer terminal or personal computer to process loan activity, determine balances, and resolve problems within given authority.

13. Types routine letters, reports and forms.

14. Completes online compliance training as assigned and required.

15. Treats people with respect; keeps commitments;
Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

16. You are to conduct yourself professionally and as a bank representative while at work and in public.

17. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

18. Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.

19. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

The position of Mortgage…