Mortgage Processor III

Mortgage Processor III

Requirements

• Associates Degree or two years equivalent work experience
• Two to three years prior mortgage processing or underwriting experience

Responsibilities

• Maintain effective and professional communication with all necessary parties involved in a new loan application, including the customer, broker, all co-workers, and other external partners to ensure a seamless and positive experience
• Work with various internal departments as well as external organizations to obtain processing related documentation or obtain necessary information needed to complete an application i.e.: Verification of Employment, IRS Transcripts, title search, appraisal, bank statements, etc.
• Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines
• Monitor, update and analyze credit reports, appraisals, income documentation, and all verifications to ensure they adhere to product, underwriting and investor guidelines
• Perform other administrative duties supporting the origination department including, but not limited to: preparing and mailing commitment letters, review title and homeowner’s insurance, mailing loan suspend notices, providing the closing attorney with additional documentation, and all applicable processing checklists
• Ability to scrutinize a loan application to assess qualification, and is able to restructure a loan or recommend solutions
• Empowered to review and accept loan conditions based on underwriter requirements
• Ensures adherence to all regulatory requirements and guidelines
• Strong analytical/mathematical background to evaluate changes to borrower’s current fee structure, allowable changes to those fees and the re-creation of the required regulatory documents

Preferred Qualifications

• Good PC skills with strong knowledge of Excel, Word, Email Platform and Adobe
• Ability to make sound decisions based on information provided
• Knowledge of Product, Investor and Compliance Requirements
• Versatility and flexibility working within an ever changing fast paced mortgage environment
• Adapting to new policies and procedures to improve processes and workflow
• Ability to function independently within time constraints
• Excellent verbal and written communication skills
• Highly organized with the ability to multitask
• Strong attention to detail
• Prioritization of daily workload
• Ability to work in a team environment
• Strong work ethic, reliable and dependable