Mortgage Loan Processor
Presidential Bank, Colonial Heights, VA, United States
Description
The Mortgage Loan Processor is primarily responsible for processing mortgage loans. This includes setting up and processing all types of mortgage loans, maintaining and transferring loans between computer systems, ordering required documents, and printing required loan documents. Review each loan document for completeness and accuracy.
Excellent customer service in person, by phone, and through mail
Knowledge of FHA, VA, USDA and Conventional underwriting guidelines and loan process
Ability to review AUS findings and guidelines prior to loan submission to confirm that application fits loan program applied for
Understand how to properly send disclosures to clients to be in compliance
Order needed services and verifications
Provide status updates to loan officer, applicant, Realtor, and title company
Maintains record of all loans in process and reviews status with originator regularly
Clear outstanding conditions and schedule loan for closing
Strong attention to detail and organizational skills
Work with minimal supervision and follow established procedures
Assists, when needed, with reports and procedures
Other projects and/ or duties as assigned
Requirements
High School Diploma or equivalency
Minimum 5 years of experience in mortgage processing
Ability to read, write and communicate at a level consistent with the requirements of the position
Ability to present products and service information to members
Excellent communication and interpersonal skills are required. Must be able to communicate professionally and effectively, orally and in writing with borrowers, co-workers, and managers
Must possess a basic understanding of mortgage underwriting guidelines and credit analysis
Must have a working knowledge of federal lending regulations and RESPA requirement
Detail oriented with the ability to work with basic mathematical concepts such as percentages, ratios and fractions
Working knowledge of Point preferred
Working knowledge of Microsoft Word and Excel
Demonstrated ability to work effectively with co-workers in a team-environment
Ability to define and resolve problems
Ability to work effectively under strict time constraints, deadlines, and the flexibility to adapt to peak periods of heavy workload
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Excellent customer service in person, by phone, and through mail
Knowledge of FHA, VA, USDA and Conventional underwriting guidelines and loan process
Ability to review AUS findings and guidelines prior to loan submission to confirm that application fits loan program applied for
Understand how to properly send disclosures to clients to be in compliance
Order needed services and verifications
Provide status updates to loan officer, applicant, Realtor, and title company
Maintains record of all loans in process and reviews status with originator regularly
Clear outstanding conditions and schedule loan for closing
Strong attention to detail and organizational skills
Work with minimal supervision and follow established procedures
Assists, when needed, with reports and procedures
Other projects and/ or duties as assigned
Requirements
High School Diploma or equivalency
Minimum 5 years of experience in mortgage processing
Ability to read, write and communicate at a level consistent with the requirements of the position
Ability to present products and service information to members
Excellent communication and interpersonal skills are required. Must be able to communicate professionally and effectively, orally and in writing with borrowers, co-workers, and managers
Must possess a basic understanding of mortgage underwriting guidelines and credit analysis
Must have a working knowledge of federal lending regulations and RESPA requirement
Detail oriented with the ability to work with basic mathematical concepts such as percentages, ratios and fractions
Working knowledge of Point preferred
Working knowledge of Microsoft Word and Excel
Demonstrated ability to work effectively with co-workers in a team-environment
Ability to define and resolve problems
Ability to work effectively under strict time constraints, deadlines, and the flexibility to adapt to peak periods of heavy workload
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