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Premium Mortgage
Rochester, NY | Full Time
$38k-48k (estimate)
5 Months Ago
Genesee Regional Bank
Rochester, NY | Full Time
$85k-113k (estimate)
2 Months Ago
Mortgage Loan Processor I
Premium Mortgage Rochester, NY
$38k-48k (estimate)
Full Time | Lending & Credit 5 Months Ago
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Premium Mortgage is Hiring a Mortgage Loan Processor I Near Rochester, NY

The Mortgage Loan Processor I will be responsible for completing the following job duties. 

  • Reviews all documentation provided by Loan Officer and ensures all eFolder Placeholders are properly labeled, broken down, and tracked per Spreadsheets provided. 
  • Makes applicable updates to Asset, Credit, Employment per documentation provided.
  • Reviews file to ensure all opening tasks were completed per FSU Loan Review Procedure prior to submission to Processing. 
  • Quickly and efficiently reviews files received/assigned from the File Set-up Queue after Loan Officer has requested File Set-up
  • Addresses any Red Flags and notes them in Tell the Story and Emails Loan Officer to advise, including, but not limited to, AUS Findings Ineligible, Credit Report has expired or will expire prior to closing, etc.
  • Completes File Set-up Checklist in LOS System and note any observations or documents needed in Tell the Story
  • Maintains file review turn times of 24 hours or less
  • Meets established production standards and metrics for this position
  • Knows, understands, and lives the company core values
  • Performs other duties as assigned
  • Training as needed

This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time. 

Qualifications:

The following qualifications are required of the Mortgage Loan Processor I. 

Education:

  • A college degree with three years related experience and/or training. A combination of equivalent education and experience is acceptable.

Experience:

  • Previous experience in the mortgage industry with understanding of loan processing desired. 

Job Summary

JOB TYPE

Full Time

INDUSTRY

Lending & Credit

SALARY

$38k-48k (estimate)

POST DATE

12/20/2023

EXPIRATION DATE

07/18/2024

WEBSITE

premiummortgage.com

HEADQUARTERS

LATHAM, NY

SIZE

25 - 50

FOUNDED

2000

REVENUE

$10M - $50M

INDUSTRY

Lending & Credit

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The job skills required for Mortgage Loan Processor I include Mortgage Loans, Loan Processing, Credit Reports, Loan Review, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Loan Processor I. 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 I. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Mortgage Loan Processor I positions, which can be used as a reference in future career path planning. As a Mortgage Loan Processor I, 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 I. You can explore the career advancement for a Mortgage Loan Processor I below and select your interested title to get hiring information.

Genesee Regional Bank
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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.

03/10/2022: San Bernardino, CA

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.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College