Secondary Market Mortgage Loan Processor
First Federal Bank, Dickson, Tennessee, United States, 37055
We are seeking a detail-oriented and experienced Secondary Market Mortgage Loan Processor to join our team. This role is vital in managing the processing of mortgage loans for secondary market transactions, ensuring compliance with industry standards and regulatory requirements. The ideal candidate will have a strong background in mortgage servicing, loan origination, and financial services, with a focus on FNMA guidelines and underwriting procedures. This position offers an opportunity to work within a dynamic environment that values accuracy, efficiency, and regulatory compliance.
Duties
Review and verify loan documentation to ensure completeness and accuracy in accordance with FNMA and TILA regulations Prepare and process loan packages for secondary market sale, including escrow and contract documentation Conduct credit analysis and assess borrower financial information to determine loan eligibility Coordinate with underwriters, loan officers, and other stakeholders to facilitate smooth loan processing Ensure compliance with Fair Housing regulations and other federal/state lending laws Manage loan processing workflows using 10-key typing skills and basic math for data entry and calculations Assist in the preparation of loan files for sale or securitization, ensuring all required documentation is complete Maintain detailed records of loan processing activities and communicate status updates to relevant parties Support mortgage servicing functions as needed, including escrow management and document tracking Experience
Prior experience in mortgage processing, underwriting, or loan origination within the financial services or banking industry preferred Knowledge of FNMA guidelines, fair housing regulations, TILA, and mortgage servicing standards required Familiarity with credit analysis, contracts, escrow processes, and basic math skills necessary for accurate data handling Experience working with loan officers or in a mortgage lending environment is a plus Proficiency in 10-key typing and familiarity with mortgage processing software systems preferred This position requires a strong understanding of mortgage industry standards combined with excellent organizational skills. Candidates should be committed to accuracy, compliance, and providing exceptional service within a fast-paced environment.
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Review and verify loan documentation to ensure completeness and accuracy in accordance with FNMA and TILA regulations Prepare and process loan packages for secondary market sale, including escrow and contract documentation Conduct credit analysis and assess borrower financial information to determine loan eligibility Coordinate with underwriters, loan officers, and other stakeholders to facilitate smooth loan processing Ensure compliance with Fair Housing regulations and other federal/state lending laws Manage loan processing workflows using 10-key typing skills and basic math for data entry and calculations Assist in the preparation of loan files for sale or securitization, ensuring all required documentation is complete Maintain detailed records of loan processing activities and communicate status updates to relevant parties Support mortgage servicing functions as needed, including escrow management and document tracking Experience
Prior experience in mortgage processing, underwriting, or loan origination within the financial services or banking industry preferred Knowledge of FNMA guidelines, fair housing regulations, TILA, and mortgage servicing standards required Familiarity with credit analysis, contracts, escrow processes, and basic math skills necessary for accurate data handling Experience working with loan officers or in a mortgage lending environment is a plus Proficiency in 10-key typing and familiarity with mortgage processing software systems preferred This position requires a strong understanding of mortgage industry standards combined with excellent organizational skills. Candidates should be committed to accuracy, compliance, and providing exceptional service within a fast-paced environment.
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