What are the responsibilities and job description for the Distributed Mortgage Loan Senior Processor position at Northwest Bank?
IN0534 Fishers, OH0523 Independence Bus Office, OH0713 NW Bancshares HQ, PA0186 Mount Joy, PA0258 Bellevue, PA0445 Williamsport, PA0736 Administration Center
Job Description
The Distributed Mortgage Loan Processor is responsible to process residential mortgage loan applications in accordance with internal policies and procedures, secondary market guidelines, as well as relevant government regulations and procedures.
Essential Functions
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Experience
Knowledge of banking industry laws, regulations and the retail origination process.
Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans.
Excellent verbal and written communication skills with the ability to work closely with other team members.
Proficient organizational and multi-tasking skills with attention to detail, accuracy and thoroughness.
Ability to work in a fast-paced high production environment.
Ability to work collaboratively and manage multiple deadlines and priorities.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
Job Description
The Distributed Mortgage Loan Processor is responsible to process residential mortgage loan applications in accordance with internal policies and procedures, secondary market guidelines, as well as relevant government regulations and procedures.
Essential Functions
- Ensure compliance with third party vendors and total document and data integrity
- Manage personal workload/workflow
- Interact with Mortgage Loan Originators, Loan Production Assistants and other members of the fulfillment team on a daily basis
- Obtain original information and documentation from Mortgage Loan Originators (MLOs) and Loan Production Assistants for underwriting review
- Interact with third-party vendors to acquire verifications, appraisals, title work, flood zone determinations, insurance documentation, payoffs, tax transcripts and other reports as needed for each loan file
- Organize, review and validate all loan file documentation for completeness and quality to ensure that the file is ready for submission
- Manage a pipeline of working loan files to ensure loan files move through processing and closing in a timely manner
- Update data in the Encompass loan origination system to ensure all file information is current and accurate
- Process loan files in compliance with Northwest policies, regulatory guidelines, investor and industry standards
- Maintain current knowledge of mortgage loan programs, procedures and guidelines
- Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
- Complete special projects as requested
- Abide by the rules of the safety and loss prevention program
- Perform work tasks in a safe manner
- Report any and all injuries to supervisor
- Know what to do in case of an emergency
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Experience
- 3 - 5 years of experience in the mortgage industry
- 2 - 6 years of experience demonstrating success processing mortgage loans for a financial institution
- Ability to establish effective working relationships among team members and participate in solving problems and making decisions
- Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
- Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
- Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
- Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Knowledge of banking industry laws, regulations and the retail origination process.
Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans.
Excellent verbal and written communication skills with the ability to work closely with other team members.
Proficient organizational and multi-tasking skills with attention to detail, accuracy and thoroughness.
Ability to work in a fast-paced high production environment.
Ability to work collaboratively and manage multiple deadlines and priorities.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.