As a Mortgage Processor you will prepare and process mortgage loan files from application through closing.  This will involve obtaining all necessary documentation as well as ensuring compliance with bank, regulatory and investor guidelines and customer service standards. 

·         Partner with Originators and Underwriters to actively manage the mortgage loan pipeline, ensuring key dates and benchmarks as well as production standards are met.

·         Review loan files for accuracy and completeness prior to sending initial disclosures and submission to underwriting,

·         Act as a liaison by providing excellent customer service and maintaining communication between all parties involved in the transaction.

·         Gather requested verifications for loan conditions such as VOEs, VODs, VOMs, and submit for final loan approval; communicate loan statuses to Originators, Underwriters, and Secondary Market personnel. 

·         All operations have specific deadlines to meet or exceed. Prioritize workflow so loans close on time. 

·         Prepare approved loans for closing and coordinate closing with lenders, borrowers and title companies.

·         Work closely with STC Settlement Services to meet their needs.

·         Strive to improve and update mortgage processing procedures for all functions.

·         Performing test loans within loan operating system.

·         Post-closing procedures such as booking loan to Somerset Trust Company core operating system; packaging loans sold to Pennsylvania Housing Finance Agency (PHFA) and Citizens Home Loans, obtain guarantees from United States Department of Agriculture (USDA).

·         Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies

·         Perform other related work and duties as assigned

High School Diploma or general education degree (GED). Good understanding of financial institution products and services.  Residential mortgage loan processing experience is a plus. Basic understanding of loan processing and closing policies, procedures, documents, underwriting requirements, government and agency requirements, and terminology.

TECHNICAL SKILLS

Ability to operate a personal computer and job-related software.  (Web-based systems, Word, Excel, Core Operating System DNA).  Must be willing to learn new systems and not have any issues with emerging technology.

LANGUAGE SKILLS

Ability to read and interpret documents such as procedure manuals.  Ability to write business correspondence, and policies using proper grammar and accurate spelling.  Possess excellent organization skills, ability to read and interpret reports, and work quickly and efficiently while providing the utmost accuracy and attention to detail.  Excellent written and verbal communication skills.  

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts and interest, etc.

REASONING ABILITY

Capable of working under pressure from internal and external customers to meet deadlines and maintaining a high degree of diplomacy and tact.  Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.  Ability to deal with problems involving several concrete variables in standardized situations. Desire to understand and utilize systems to their utmost capabilities.  Ability to work within a team environment.  Ability to use available information to make decisions.

PHYSCIAL DEMANDS

• While performing the duties of this job, the employee is required to use hands and fingers to operate office equipment, telephones, etc.
• The employee must occasionally lift and/or move up to 25 pounds.
• Specific vision abilities required by this job include close vision, and ability to adjust focus.

WORK ENVIRONMENT

·         The noise level in the work environment is usually moderate.

BENEFITS AND ADDITIONAL INFORMATION

·         Bank wide bonus, 401(k), ESOP, Medical, Dental & Vision insurance, Health Savings Account, Life Insurance, Paid Holidays, PTO, and Paid Volunteer Time.

·         Work Schedule is Monday through Friday

·         Full-time 37.5 – 40 hours per week

·         Flex Schedule Information

This job description is not designed as a comprehensive list of activities, duties, and/or responsibilities and may change at any time with or without notice. The duties and qualifications stated within this job description are representative of the knowledge, skill, and/or ability required for this position.

Somerset Trust Company is an Equal Opportunity Employer, including disability and protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.