What are the responsibilities and job description for the Loan Processor position at Silverton Mortgage?
Why Silverton Mortgage
Location/Branch: Corporate
Reports to: Senior Director of Operations
Department: Processing
FLSA Status: FT, Hourly/Non-Exempt
Pay: The expected hiring range for this position is from $43,694-$55,000/year plus additional bonus opportunity.
The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.
Workstyle: Remote Eligible
Job Summary
The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been completed, organizing additional application materials, and submitting applications on schedule.
Job Functions
File Management and Communication
This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.
Requirements And Qualifications
Education: High school diploma or equivalent required.
Years of Related Experience: Minimum 3 years processing experience.
Knowledge, Skills And Abilities (KSAs)
Business Unit -
Silverton Mortgage
- We are a people first organization that was voted a top place to work by the Atlanta Journal and Constitution and the Financial Services Industry
- We believe in giving back and we do so through The Silverton Foundation
- Our strong communication skills drive customer satisfaction
- We offer extensive product lines and maintain an in-house loan process that offers a competitive edge
- We have fun!
Location/Branch: Corporate
Reports to: Senior Director of Operations
Department: Processing
FLSA Status: FT, Hourly/Non-Exempt
Pay: The expected hiring range for this position is from $43,694-$55,000/year plus additional bonus opportunity.
The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.
Workstyle: Remote Eligible
Job Summary
The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been completed, organizing additional application materials, and submitting applications on schedule.
Job Functions
File Management and Communication
- Manages pipeline of 20-25 loans per month, including purchases and refinances.
- Compiles and verifies borrower information for residential mortgage loans.
- Calculates borrower income, assets, and liabilities.
- Reviews loan applications for completeness, ensuring loan meets standards (type, amount, assets); reconciles against system input.
- Gathers required documentation from borrowers and third parties.
- Communicates effectively with Mortgage Loan Originators and other stakeholders to complete mortgage loan file processing requirements.
This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.
Requirements And Qualifications
Education: High school diploma or equivalent required.
Years of Related Experience: Minimum 3 years processing experience.
Knowledge, Skills And Abilities (KSAs)
- Proficient with DU/GUS/ LP.
- Familiar with FHA, VA, USDA and conventional products.
- Proficient Mortgage Loan Origination Systems (LOS).
- Excellent written and verbal communication skills along with solid computer skills.
- Analytical thinker and consultative mind to support both team members and managers in all areas of the business.
- Goal-oriented, self-motivated with the capacity to meet and exceed assigned goals.
- Willing to learn, industrious, determined, and assertive.
- Excellent organizational skills and the ability to multitask to complete a wide variety of tasks.
- Strong people skills with ability to interact with all internal teams and external customers.
- Must be able to maintain sensitive and confidential information.
- Diligence to ensure tasks are completed thoroughly and on time.
Business Unit -
Silverton Mortgage
Salary : $43,694 - $55,000