Mortg Processor

GENERAL SUMMARY: Responsible for processing loan applications from origination through closing. Inputs information on the system and obtains all documentation necessary. Orders necessary documentation for approval and closing of the loan. Communicates effectively to complete loan process. RESPONSIBILITIES AND DUTIES:

• Processes loan applications. Duties include opening loan application files, ordering credit; appraisals, titles, and verifications; inputting all information on system.
• Reviews daily status of loans in process, updates files daily as needed, copy loan documentation as needed and update status report. Follow up on loan documentation such as title requirements.
• Submits loans packages to underwriters after reviewing all information for accuracy and copying all files.
• Manage mortgage portfolio, including rate adjustments, escrow analysis, payment of taxes and insurance, payoff and correspondence.
• Coordinates between real estate and escrow companies and customers to set up closing sessions. Draws up closing documents as necessary.
• Performs other related duties as assigned by management.
• Regular and reliable attendance.
  
  

KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of bank operations, policies, and procedures.
• Knowledge of residential lending practices and principles.
• Knowledge of underwriting guidelines.
• Knowledge of FNMA, FHA, VA and NIFA guidelines.
• Skill in operating computer terminals and printers and other varied office equipment.
• Skill in reading and understanding residential loan applications.
• Skill in communicating with customers and co-workers in a courteous and professional manner.
• Ability to create an efficient work environment with minimal supervision.
• Ability to maintain organization and accuracy.
• Ability to multi-task.
• Ability to work as a team player.
  
  

EDUCATION AND EXPERIENCE:

• High School graduate or equivalent.
• Previous mortgage loan processing experience preferred.
  
  

PHYSICAL REQUIREMENTS:  NOTE: The statements herein are intended to describe the general nature and level or work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills, required of person so classified.

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