Mortgage Processor

Job Details

Description

Position Summary: The Mortgage Processor is responsible for evaluating, authorizing approval or denial of applications for people or businesses. The Mortgage Processor will act as the liaison between potential clients and our growing financial institution by researching credit records, determining client needs and recommending the best loan products for the loan package.

Essential Functions

• Interview applicants, research applicant credit status and current financial position to evaluate their eligibility for a mortgage loan.
• Identify and recommend products that meets the customer’s needs and the originations leading guidelines.
• Conclude on all applicable financial and non-financial criteria and development loan repayment plans.
• Collect and prepare all necessary documentation for the loan package. Check documents for proper vesting, legal descriptions, closing dates and signatures.
• Finalize loan contracts and keep clients informed in rules and obligations.
• Completes all required disclosure/verifications during the mortgage application and underwriting process.
• Regular, reliable, and predictable attendance.
  
  

Marginal Functions

• Comply with industry-related regulations, requirements, and state/federal laws as applicable to the job duties of this position.
• Remain up to speed regarding lending and other financial services.
• Submit files to the designated Underwriter.
• Follow-up with clients to verify important information.
• Keep abreast of industry regulations and changes and recommend procedural changes to management.
• Submit files to the designated Underwriter.
• Follow-up with clients to verify critical information.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned
  
  

Minimum Educational & Experience Requirements

• High school diploma or equivalent required
• Bachelor’s degree in business, banking, or finance preferred.
• Required to possess all applicable licenses
• A minimum of 5 years’ experience as a Mortgage Processor or similar role
  
  

Minimum Skill Requirements

• In-depth knowledge of closing procedures, loan processes, and documentation.
• High level of understanding of current regulatory requirements affecting mortgage loans
• Professional and effective verbal and written communications
• High degree of detail orientation
• Strong organizational skills
• Ability to work independently with minimal supervision
• Proficient with MS Office
  
  

Physical Demands

In terms of an 8-hour workday, “occasional” equals 1% to 33%, “frequent” equals 34% to 66% and “continuous” equals 67% to 100%. However, some duties are performed monthly, annually or sporadically throughout the year and are essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of the position, if the accommodation does not impose an undue hardship that would require significant difficulty or expense.

• Continuous stationary position, particularly, but not limited to, at a desktop computer
• Continuous repetitive use of hands/arms; particularly concerning to typing, writing, phone & computer use
• Continuous communication: verbal and written, in-person, phone and electronic
  
  

Work Environment

• Office environment; remote and hybrid flexibility if determined by management