What are the responsibilities and job description for the Mortgage Loan Processor position at First Rate Financial Lic #184451?
Company Description First Rate Financial (FRF) is a boutique mortgage brokerage dedicated to providing industry-leading communication, technology, and service to clients across Alaska. Built for Alaskans by Alaskans, FRF focuses on making the mortgage experience easy, engaging, and educational while investing resources in both clients and the broader community. The team is united by a mission to positively impact the community and the people they serve, guided by core values including growth, integrity, excellent customer service, strong relationships, and a magnetic culture. Through its 501(c)(3) non-profit, the First Rate Foundation, FRF offers rapid relief and financial support to individuals and families in need, reflecting a strong commitment to “people helping people.” As the organization grows and evolves, FRF continues to create new opportunities and deliver a personalized mortgage experience centered on achieving the best possible outcomes for clients.
Role Description The Mortgage Loan Processor at First Rate Financial Lic #184451 is a full-time, on-site role based in Anchorage, AK. This role is responsible for managing mortgage loan files from application through closing, including collecting and verifying documentation, reviewing credit reports, income, assets, and liabilities, and ensuring files meet lender and regulatory requirements. The Mortgage Loan Processor will coordinate with loan officers, underwriters, and other stakeholders to resolve conditions, clarify borrower information, and maintain clear, timely communication throughout the loan process. Daily responsibilities include updating loan status in internal systems, preparing and submitting complete and accurate loan packages, monitoring key deadlines, and proactively identifying potential issues to keep loans on track. The role also involves maintaining detailed records, protecting confidential information, and providing a professional, service-oriented experience that aligns with FRF’s mission and values.
Qualifications
Role Description The Mortgage Loan Processor at First Rate Financial Lic #184451 is a full-time, on-site role based in Anchorage, AK. This role is responsible for managing mortgage loan files from application through closing, including collecting and verifying documentation, reviewing credit reports, income, assets, and liabilities, and ensuring files meet lender and regulatory requirements. The Mortgage Loan Processor will coordinate with loan officers, underwriters, and other stakeholders to resolve conditions, clarify borrower information, and maintain clear, timely communication throughout the loan process. Daily responsibilities include updating loan status in internal systems, preparing and submitting complete and accurate loan packages, monitoring key deadlines, and proactively identifying potential issues to keep loans on track. The role also involves maintaining detailed records, protecting confidential information, and providing a professional, service-oriented experience that aligns with FRF’s mission and values.
Qualifications
- Strong knowledge of the mortgage industry and familiarity with current lending regulations and compliance requirements.
- Hands-on experience with mortgage lending processes, including working with different loan products and investor guidelines.
- Proficiency in loan processing, including collecting, organizing, and validating borrower documentation and data.
- Understanding of underwriting principles and the ability to work closely with underwriters to clear conditions and finalize approvals.
- Experience handling loans from application through closing, ensuring accuracy, timeliness, and adherence to policies.
- Excellent attention to detail, organizational skills, and ability to manage multiple files and deadlines simultaneously.
- Clear, professional written and verbal communication skills for working with borrowers, team members, and external partners.
- Comfort with mortgage-related software, loan origination systems, and standard office tools (e.g., Microsoft Office or similar).
- Commitment to integrity, customer service, and teamwork in alignment with FRF’s mission and core values.