Mortgage Loan Processor

TITLE : Processor

DEPARTMENT : Mortgage Operations

REPORTS TO : Mortgage Operations Manager

FLSA STATUS : Non-Exempt

EMPLOYMENT STATUS: Full-time

Salary $50,000-$75,000 per year based on experience.

Company Conformance Statements:

In the performance of their respective tasks and duties all employees are expected to conform to the following:

Perform quality work within deadlines with or without direct supervision.

Interact professionally with other employees, customers and suppliers.

Work effectively as a team contributor on all assignments.

Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

Position Summary:

This position is responsible for processing residential mortgage applications from internal and external referral sources.

Essential Functions:

• Review loan files for minimum information/ documentation requirements and completeness/accuracy standards; including, requesting verification of employment, income, asset and liability information. Order appraisals, credit reports, title commitments, flood certifications and surveys.
• Review and analyze information/documentation for compliance with company, secondary market, regulatory and quality control guidelines. Assessing and validating all of the credit, income, asset and supplemental information used to qualify the prospective borrower for the loan requested.
• Work with borrower to answer questions, clarify circumstances which will contribute to an accurate assessment and review the collateral being used as security for the loan. Investigate and resolve problems.
• Interact with internal and external business development staff, applicants, referral sources, sellers, attorneys and vendors to coordinate mortgage processing/closing activities.
• Upon approval, the Processor is responsible for effectively communicating all approved loan terms and conditions of approval to an existing/potential borrower(s). Furthermore, this individual must ensure all regulatory loan documents are provided to a borrower in a timely manner.
• Other duties as assigned

Minimum Qualifications (Knowledge, Skills and Abilities)

• Knowledge of the mortgage industry is required.
• Excellent computer skills including all MS Office applications required.
• Must be efficient with strong attention to detail.
• Strong organizational skills required.
• Must be able to work under pressure with strict deadlines.
• Must have strong customer support orientation (for internal/external customers), demonstrated professional demeanor, and the ability to maintain confidential information.

Training and Experience:

• 3-5 years industry experience required.
• University or Undergraduate degree preferred.
• H.S. Diploma or equivalent required.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle controls; and talk or hear. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, or kneel. The employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Note:

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will posses the skills aptitudes and abilities to perform each duty proficiently. The requirements listed in this document are the minimum levels of knowledge, skills or abilities. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.

Thompson Kane and Co, LLC is an Equal Opportunity Employer. This company does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

Job Type: Full-time

Pay: $50,000.00 - $75,000.00 per year

Work Location: In person

Salary : $50,000 - $75,000