Hancock Whitney
Senior Mortgage Loan Processor- Bilingual (English/Spanish)
Hancock Whitney, Covington, Louisiana, United States, 70435
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Job Function / Summary Verifies that the information received is accurate and acceptable. Requires a basic knowledge of mortgage documents, review underwriting conditions, acquire required documentation, and is responsible for the final presentation of the loan package to an underwriter for the final decision by performing the following duties.
Essential Duties and Responsibilities
Reviews and inputs incoming documents (i.e. VOE, VOD, credit, etc.) into Mortgage Loan Operating System (LOS)
Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Reruns Automated Underwriting System (AUS) to ensure same automated decision is applicable
Recommends that loan not meeting standards be denied
Calls specified companies to obtain property abstract, survey, and appraisal if needed
Determines if appraisal is to be ordered and what type
Reviews appraisal for errors and meets underwriting criteria and notifies lender of any discrepancies
Informs supervisor of discrepancies in title or survey
Assembles file in electronic imaging system and reviews for completeness and accuracy
Notes the estimated closing date and type of transaction
Reads notepad for pertinent information not obvious in file, identifies missing items and notifies appropriate party
Orders updates to credit report
Requests needed documentation not previously requested
Reconciles LOS and AUS
Gathers all required documentation prior to closing and resubmits for final approval
Submits mortgage loan application file for underwriting approval
Orders flood determination
Types and mails approval and denial letters to applicants
Confirms closing date and location of closing
Sends out construction package if necessary to branch lenders
Prepares closing sheet and sends file to closing department for settlement
Notates denial or withdrawal status in LOS and prints appropriate package
Submits denied files to underwriting for review and signatures
Reconciles fees to determine if funds are missing
Records data on status of loans, including number of new applications and loans approved, canceled, or denied
Supervisory Responsibilities This job has no supervisory responsibilities.
Minimum Required Education and/or Experience
Required: High school diploma or general education degree (GED) and four to six years related experience and/or training; or equivalent combination of education and experience
Preferred: Bachelor's degree and four to six years related experience and/or training
Experience Preferred: Four to six years of mortgage lending or similar financial experience and/or education.
Certificates, Licenses, Registrations No specific requirements are needed to satisfactorily perform this job.
Essential Mental & Physical Requirements
Ability to work under stress and meet deadlines
Ability to operate related equipment to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to travel if required to perform the essential job functions
Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
DISCLAIMER This job description is only valid as of the date it was revised. Please contact the HR Compensation Department to obtain the latest version. Information contained herein should be treated as confidential to Hancock Holding Company.
NOTHING IN THIS JOB DESCRIPTION RESTRICTS MANAGEMENT'S RIGHT TO ASSIGN OR REASSIGN DUTIES AND RESPONSIBILITIES TO THE JOB AT ANY TIME
Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.
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Job Function / Summary Verifies that the information received is accurate and acceptable. Requires a basic knowledge of mortgage documents, review underwriting conditions, acquire required documentation, and is responsible for the final presentation of the loan package to an underwriter for the final decision by performing the following duties.
Essential Duties and Responsibilities
Reviews and inputs incoming documents (i.e. VOE, VOD, credit, etc.) into Mortgage Loan Operating System (LOS)
Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Reruns Automated Underwriting System (AUS) to ensure same automated decision is applicable
Recommends that loan not meeting standards be denied
Calls specified companies to obtain property abstract, survey, and appraisal if needed
Determines if appraisal is to be ordered and what type
Reviews appraisal for errors and meets underwriting criteria and notifies lender of any discrepancies
Informs supervisor of discrepancies in title or survey
Assembles file in electronic imaging system and reviews for completeness and accuracy
Notes the estimated closing date and type of transaction
Reads notepad for pertinent information not obvious in file, identifies missing items and notifies appropriate party
Orders updates to credit report
Requests needed documentation not previously requested
Reconciles LOS and AUS
Gathers all required documentation prior to closing and resubmits for final approval
Submits mortgage loan application file for underwriting approval
Orders flood determination
Types and mails approval and denial letters to applicants
Confirms closing date and location of closing
Sends out construction package if necessary to branch lenders
Prepares closing sheet and sends file to closing department for settlement
Notates denial or withdrawal status in LOS and prints appropriate package
Submits denied files to underwriting for review and signatures
Reconciles fees to determine if funds are missing
Records data on status of loans, including number of new applications and loans approved, canceled, or denied
Supervisory Responsibilities This job has no supervisory responsibilities.
Minimum Required Education and/or Experience
Required: High school diploma or general education degree (GED) and four to six years related experience and/or training; or equivalent combination of education and experience
Preferred: Bachelor's degree and four to six years related experience and/or training
Experience Preferred: Four to six years of mortgage lending or similar financial experience and/or education.
Certificates, Licenses, Registrations No specific requirements are needed to satisfactorily perform this job.
Essential Mental & Physical Requirements
Ability to work under stress and meet deadlines
Ability to operate related equipment to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to travel if required to perform the essential job functions
Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
DISCLAIMER This job description is only valid as of the date it was revised. Please contact the HR Compensation Department to obtain the latest version. Information contained herein should be treated as confidential to Hancock Holding Company.
NOTHING IN THIS JOB DESCRIPTION RESTRICTS MANAGEMENT'S RIGHT TO ASSIGN OR REASSIGN DUTIES AND RESPONSIBILITIES TO THE JOB AT ANY TIME
Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.
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