What are the responsibilities and job description for the Mortgage Loan Processor - Residential Lending Services position at United Bank of Southwest Alabama & Northwest Florida?
Job Function / Summary
Candidate is responsible for managing mortgage applications from initiation to closing, ensuring adherence to regulations & bank policies. Primary duties include reviewing and verifying financial documents, analyzing information and collaborating closely with loan officers and third parties to facilitate an efficient mortgage experience for the bank's clients.
Primary Duties & Responsibilities
Candidate is responsible for managing mortgage applications from initiation to closing, ensuring adherence to regulations & bank policies. Primary duties include reviewing and verifying financial documents, analyzing information and collaborating closely with loan officers and third parties to facilitate an efficient mortgage experience for the bank's clients.
Primary Duties & Responsibilities
- Review and evaluate mortgage applications to ensure completeness & accuracy.
- Verify & analyze financial information, including credit reports, employment history, and income documentation.
- Communicate with loan officers, clients, and other interested parties to gather additional information and resolve any discrepancies.
- Prepare loan files for underwriting by ensuring all necessary documentation is collected and organized.
- Monitor the progress of mortgage loan files and provide status updates to team members.
- Ensure compliance with federal and state regulations governing mortgage lending.
- Maintain detailed records of all communications and documentation related to loan applications.
- Provide excellent customer service throughout the mortgage process in order to build strong relationships with clients and the bank's lenders.
- Any other duties as assigned by Management.