What are the responsibilities and job description for the Mortgage Loan Processor position at KAI Mortgage?
Job SummaryWe are seeking a detail-oriented and experienced Mortgage Loan Processor to join our financial services team. The ideal candidate will be responsible for managing the processing of mortgage loan applications, ensuring compliance with federal regulations, and facilitating smooth loan approvals. This role requires a strong understanding of FNMA guidelines, underwriting processes, and loan origination procedures. The Mortgage Loan Processor will serve as a key liaison between borrowers, underwriters, and loan officers to deliver efficient and accurate loan processing services.DutiesReview and verify loan documentation to ensure completeness and accuracy in accordance with FNMA standards and Fair Housing regulations.Coordinate with loan officers, underwriters, and borrowers to gather necessary information for loan approval.Conduct credit analysis and assess borrower financials, including escrow calculations and basic math evaluations.Prepare and submit loan packages for underwriting approval while ensuring compliance with TILA, contracts, and banking regulations.Manage the entire loan processing cycle from application intake to final approval, including TILA disclosures and escrow arrangements.Utilize 10 key typing skills to accurately input data into processing systems.Monitor the progress of loans through various stages of processing, providing updates to relevant parties.Ensure adherence to all federal, state, and local regulations related to mortgage servicing and fair lending practices.Maintain organized records of all loan documentation for audit purposes.QualificationsProven experience in mortgage loan processing or related roles such as loan officer or underwriting within the financial services industry.Strong knowledge of FNMA guidelines, underwriting procedures, mortgage servicing, and fair housing regulations.Familiarity with TILA disclosures, escrow processes, contracts, banking policies, and credit analysis techniques.Proficiency in basic math skills and 10 key typing for accurate data entry.Ability to interpret financial documents and perform detailed credit analysis.Excellent organizational skills with attention to detail to ensure compliance with all regulatory requirements.Strong communication skills for coordinating with team members and clients effectively. This position offers an opportunity to contribute significantly to our mortgage operations while working within a professional environment committed to compliance and excellence in financial services.Knowing Spanish is a plus.
Salary : $50,000 - $100,000