What are the responsibilities and job description for the Mortgage Processor position at Security National Mortgage Company?
Description
What You'll Do
A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System.
Essential Functions:
To verify the borrower's information, Mortgage Loan Processors order credit reports, ,verify employment with the employer, review documentation provided by the borrower, title company, appraiser, real estate agent to support the following:
- Employment
- Income
- Assets
- Net worth
- Willingness to pay
- Property appraisal
- Property survey
In their final analysis of the loan, the Mortgage Loan Processor determines when the file is complete and ready for underwriting submission. The file is then submitted to the underwriting for underwriting of all the documentation prepared and reviewed by the processor.
- Review the loan package
Upon loan approval the Loan Processor will be responsible for coordinating the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower.
- Accumulate any additional conditions as required from the borrower for funding.
Requirements
What We'll Love About You
- Bi-Lingual (Spanish) Required
- Full-time In office position
- Excellent customer service
- Effective communication skills including written and verbal
- Basic knowledge of lender’s and investor’s underwriting and program guidelines
- Ability to prepare state and federally required disclosures
- Ability to manage processing pipeline
- Knowledge of basic underwriting guidelines to calculate income, assess adequate asset availability, review appraisal report, read title commitment/preliminary title reports
- Depending on the opening, may train or may need someone with 1-2 years experience
What You'll Love About Us
- Great Company Culture
- Top Workplaces 10 years in a row (2016,'17,'18,'19,'20 & '21, '22, '23, '24, '25)
- Going Places. Company recently added to the Russell 2000 Index, attributing our strong growth
- Rest and Relaxation. Accrued sick / vacation leave and 10 paid holidays
- Health Benefits. Medical with HSA and FSA options, dental, and vision
- Prepare for the Future. 401(k) with company match