What are the responsibilities and job description for the Mortgage Loan Processor position at VeeAR Projects Inc.?
- Preferred Encompass Experience and at least 2 years of mortgage processing experience
- Must be able to work in fast paced environment.
- This position processes mortgage loans, loan applications, and all associated documentation at a higher level of complexity.
- Validates application information for underwriting purposes and updates department systems accordingly.
- Prepares approved loans for closing submission and notifies appropriate parties for action on declined loans.
- Contributes to protecting the Bank from fraud, misrepresentation, and mortgage loan default through compliance with federal regulations, department policy, and standard procedures.
Responsibilities
- Mortgage Processing - Verifies the accuracy and completion of all documentation or information necessary for loan closings. Assists in scheduling loan closings and answers questions regarding the mortgage loan process. Places closing conditions on the file and prepares approved loans for the Closing Department. Submits loans recommended for decline to second level review and issues adverse action notices.
- Loan Operations - Provides ongoing communication to associates and management regarding loan status, conversations with applicants, and outstanding issues. Conveys deficiencies in loan documentation with the necessary parties. Ensures compliance in all operations with applicable guidelines and regulations. May assist management with more complex matters and projects.
- Collateral Appraisal - Secures a property appraisal and completes the initial review against established checklists.
- Business Support - Performs a variety of administrative support tasks during the course of mortgage processing.
- Pipeline Management - Manages a pipeline of active loans by updating and prioritizing activities based on projected loan closing date. Ensures that loans close prior to approval expiration and rate lock expiration.