Mortgage Loan Processor
ServisFirst Bank, Huntsville, AL, United States
At ServisFirst, Our Name is Our Mission.
Duties And Responsibilities
Process loans from set-up to closing by verifying, compiling and entering borrower information into loan processing system(s)
Review loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment; verify Loan Estimate data is in compliance
Verify all loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all application federal and state regulations
Interact with Mortgage Loan Officer (MLO) to obtain information from borrower or to seek clarification about documents in the loan file, contact borrower to obtain missing or incomplete information, as necessary
Contact specified companies to obtain property abstracts, surveys, and appraisals
Provide strong and clear communication to underwriters, other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time
Submit loan application files to underwriting for approval
Protect the confidentiality of borrower information
Manage an assigned number of loans with minimal errors and exceptions
Remain alert to consumer disclosure issues that arise during loan processing
Responsible for the review and verification of initial disclosures under the timeline set forth by compliance
Perform administrative duties such as faxing, photocopying, filing and phone support as necessary
Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies
Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.
Note: Additional duties and responsibilities may be assigned.
Minimum Qualifications
High school diploma or equivalent; some college preferred
One (1) year of loan processing related experience and/or experience plus training
Previous experience using automated underwriting technology preferred
Basic knowledge of bank operations and products
Basic knowledge of federal and state banking compliance regulations, and other Bank operational policies
Excellent knowledge of agency guidelines
Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements
Effective oral, written and interpersonal communication skills with the ability to carry out instructions, understand procedures and write correspondence
Proficient in Microsoft Outlook, Word and Excel
Excellent customer service and time management skills
Ability to multitask, as shown in previous experience as a processor completing tasks under time constraints
Good organizational skills and ability to develop basic understanding of underwriting guidelines
Good data entry/keyboarding and math skills
Physical Requirements And Environmental Conditions The physical requirements and environmental conditions of this position consist primarily of:
Sustained standing and sitting
Frequent use of PC, including typing or sustained attention to monitor
Frequent typing using a keyboard and/or calculator
Occasional lifting of basic office files or equipment up to 20 lbs
Normal office environment with comfortable internal temperatures and low level noise
EOE/AA
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Duties And Responsibilities
Process loans from set-up to closing by verifying, compiling and entering borrower information into loan processing system(s)
Review loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment; verify Loan Estimate data is in compliance
Verify all loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all application federal and state regulations
Interact with Mortgage Loan Officer (MLO) to obtain information from borrower or to seek clarification about documents in the loan file, contact borrower to obtain missing or incomplete information, as necessary
Contact specified companies to obtain property abstracts, surveys, and appraisals
Provide strong and clear communication to underwriters, other mortgage department personnel and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time
Submit loan application files to underwriting for approval
Protect the confidentiality of borrower information
Manage an assigned number of loans with minimal errors and exceptions
Remain alert to consumer disclosure issues that arise during loan processing
Responsible for the review and verification of initial disclosures under the timeline set forth by compliance
Perform administrative duties such as faxing, photocopying, filing and phone support as necessary
Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies
Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.
Note: Additional duties and responsibilities may be assigned.
Minimum Qualifications
High school diploma or equivalent; some college preferred
One (1) year of loan processing related experience and/or experience plus training
Previous experience using automated underwriting technology preferred
Basic knowledge of bank operations and products
Basic knowledge of federal and state banking compliance regulations, and other Bank operational policies
Excellent knowledge of agency guidelines
Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements
Effective oral, written and interpersonal communication skills with the ability to carry out instructions, understand procedures and write correspondence
Proficient in Microsoft Outlook, Word and Excel
Excellent customer service and time management skills
Ability to multitask, as shown in previous experience as a processor completing tasks under time constraints
Good organizational skills and ability to develop basic understanding of underwriting guidelines
Good data entry/keyboarding and math skills
Physical Requirements And Environmental Conditions The physical requirements and environmental conditions of this position consist primarily of:
Sustained standing and sitting
Frequent use of PC, including typing or sustained attention to monitor
Frequent typing using a keyboard and/or calculator
Occasional lifting of basic office files or equipment up to 20 lbs
Normal office environment with comfortable internal temperatures and low level noise
EOE/AA
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