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Position Overview :
This position is primarily responsible for gathering, organizing and processing residential mortgage loan documentation and establishing and maintaining loan documentation files.
The incumbent functionally supports loan officers and staff, finalizes loan application packages and performs various administrative support duties.
The incumbent provides the highest quality of service to every customer.
Primary Responsibilities :
Processes residential mortgage loan applications by identifying and gathering required documentation from Mortgage Loan Officers and Borrowers.
Enters data into the Loan Origination System (LOS) and ensures appropriate documentation and data entry occur in order to ensure an accurate underwriting determination in an accurate and timely manner.
Collects and reviews sales contracts, credit reports, Internal Revenue Service (IRS) returns, construction plans and specifications, appraisals, title commitments, flood certificates, etc.
according to established policies and procedures.Properly indexes all received documentation in the imaging system.Orders and reviews any verifications, re-verifications, insurance commitments as required.
Functionally supports loan officers by facilitating the exchange of information necessary to complete loan transactions.
This communication pertains to the borrowers, settlement agents, insurance providers or any other resources necessary to perfect the loan file for submission.
Maintains communication with underwriters to identify and facilitate condition clearance.
Documents all communication and loan milestone detail in the notes section of the loan origination system to facilitate management and audit reviews.
Ensures a well documented, easy to review loan history so as to ensure the loan file demonstrates the accurate transaction history.
Escalates issues as necessary to the appropriate source for an accurate resolution.
Performs an initial review of documentation to troubleshoot for any potential issues that might jeopardize loan approvals.
Reviews any pertinent loan documentation or third party documentation to this end and indexes all accordingly.
Establishes partnerships with loan officers and operations partners in order to facilitate mortgage loan origination.Acts as a liaison for the field within operations and externally with vendors and borrowers to represent the company as a primary contact for the organization in order to ensure the timely completion of transactions.
Maintains an understanding of compliance and regulatory risk relevant to processing mortgage loan applications.Maintains knowledge of all loan programs and program requirements.
Performs other related duties and projects as assigned.
N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Compliance with regulatory laws and company procedures is a required component of all position descriptions.
Minimum Level of Education Required to Perform the Primary Responsibilities of this Position :
High School or GED
Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position :
Skills Required to Perform the Primary Responsibilities of this Position :
Excellent organizational, analytical and interpersonal skills
Excellent communication skills, both written and verbal
Detail-oriented
Ability to use general office equipment
Ability to use a personal computer and job-related software
MS Word - Basic Level
MS Excel - Basic Level
MS PowerPoint - Basic Level
Knowledge of compliance issues, secondary market and job-related policies and procedures.
Licensures / Certifications Required to Perform the Primary Responsibilities of this Position :
N / A
Physical Requirements or Work Conditions Beyond Traditional Office Work :
N / A
Last updated : 2024-05-21
Full Time
Banking
$55k-74k (estimate)
05/23/2024
08/20/2024
f-n-b.com
BRUNDIDGE, AL
100 - 200
1904
Private
JAMES T RAMAGE ILL
$10M - $50M
Banking
The First National Bank provides various retail and commercial banking services.
The job skills required for Mortgage loan processor include Mortgage Loans, Underwriting, Data Entry, Commitment, Credit Reports, Loan Origination, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage loan processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage loan processor. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Mortgage loan processor positions, which can be used as a reference in future career path planning. As a Mortgage loan processor, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage loan processor. You can explore the career advancement for a Mortgage loan processor below and select your interested title to get hiring information.
If you are interested in becoming a Mortgage Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Mortgage Loan Processor job description and responsibilities
Loan processors must communicate regularly with loan officers and lenders to complete the loan process.
01/24/2022: Jacksonville, FL
Manages an active pipeline of loans (average of 15-20 loans monthly) and maintains timely and compliant flow of such loans through the process.
03/09/2022: Sarasota, FL
The Loan processor also helps to ensure that the loan approval stays within lending guidelines.
02/19/2022: San Bernardino, CA
Loan processors should be able to make right decisions at the right time.
03/30/2022: Springfield, MO
Responsible for providing clerical support for all mortgage loan processing activities.
04/03/2022: Worcester, MA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Mortgage Loan Processor jobs
Communicate with lenders regarding required loan documentation for complete file documentation.
01/24/2022: Rock Island, IL
Must have at least one year of loan processing experience.
03/14/2022: Saginaw, MI
Proficient knowledge of lending processes, loan principles, loan systems.
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Advanced knowledge of mortgage lending, processing, credit analysis, mortgage laws and regulations.
03/28/2022: Reno, NV
A comprehensive certification training program for new & existing loan processors.
02/20/2022: Rock Island, IL
Step 3: View the best colleges and universities for Mortgage Loan Processor.