What are the responsibilities and job description for the Mortgage Loan Processor I position at First Federal Bank?
FIRST FEDERAL BANK
Dunn, NC
JOB DESCRIPTION
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Job Title: Mortgage Loan Processor I Supervisor: Director of Residential Lending
Last Date Reviewed: 2/11/26 Position
Last Date Modified: 2/11/26
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Corporate Officer Title (if applicable):
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Overview
| Manage residential mortgage loan files from application to underwriting approval, closing and post-closing, ensuring accuracy and compliance. A processor will act as the primary liaison between loan officers, borrowers, and underwriters to collect and clear conditions to close a loan. |
Key Responsibilities
- Prepare initial disclosure packages and disclose to meet federal guidelines
- Documentation Collection & Verification: Review loan applications for accuracy and verify borrower employment, income, assets, and credit reports.
- Loan File Management: Organize and submit completed loan packages to underwriting.
- Liaison Duties: Communicate with borrowers, underwriters, attorneys, and title companies to move the file forward.
- Conditions Clearance: Gather necessary documentation to satisfy underwriter conditions.
- Compliance & Regulatory Adherence: Ensure all files adhere to bank, investor, and government guidelines (FHA, VA, Conventional).
- Closing Coordination: Prepare all necessary documentation for closings to meet federal guidelines and coordinate to schedule closings.
- Objectively handle, process, and secure sensitive information and communications
· Performing additional duties as requested by Director of Residential Lending.
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| Required Skills and Qualifications
· Proficient oral and written communication skills · Prior banking or credit related experience with a general understanding of banking fundamentals · Ability to meet strict deadlines, multi-task, and work with other departments as well as external customers to achieve required results.
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PREFERRED JOB QUALIFICATIONS
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· Bachelor’s degree in business related field.
FFB Management reserves the right to change this position description at any time according to business needs.
EOE