Processor Senior

Job Description

A Processor Sr supports loan applicants, loan officers, underwriters and appropriate third parties by ensuring the timely, accurate and compliant processing of mortgage loans. A Processor reviews, verifies and completes collection of documentation to prepare loan applications for underwriting decisions. Senior Level processors handle the widest variety of loan applicants and applications with minimal supervision or guidance.

1. Documentation (Review and Verification) – Review each loan file to verify documents are present, accurate, accurately calculated, compliant and sufficiently complete for an underwriting decision. This includes satisfying DU requirements and calculation of income prior to underwriting submission.

2. Advanced Processing – Master the process for the widest variety of loan types (conventional, FHA, VA, fixed, ARM, jumbo, multiple transactions, refinance, purchase, Texas 50(a)(6)), property types (primary, secondary, investment) and income types (W2, retired, self-employed) with minimal supervision or guidance.

3. Communication (Internal and External) – Accurately inform each applicant, loan officer, underwriter or appropriate third party about loan application status and issues to resolve.

4. Computer Skills – Accurately enter loan application data into the computerized loan processing system to make available to all appropriate personnel. Conduct online research.

5. Closing Support – Assist other departments in preparing loan closings by informing parties of final approval and performing other related tasks.

6. Deadlines – Consistently hit ongoing tight deadlines with regard to underwriting, closing, etc.

7. Compliance – Meet rules, obligations, timelines, and deadlines to comply with company policy, contracts, investor guidelines, lending programs and state and federal law and regulation.

5+ years of directly related experience and training