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Senior Mortgage Loan Processor
Hancock WhitneySenior Mortgage Loan Processor verifying documentation and managing loan packages for final underwriting decisions in the financial services industry.
About the role
Key responsibilities & impact- Verifies that the information received is accurate and acceptable
- Requires a basic knowledge of mortgage documents, review underwriting conditions, acquire required documentation
- Responsible for the final presentation of the loan package to an underwriter for the final decision
- 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
- 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
Requirements
What you’ll need- High school diploma or general education degree (GED); Bachelor’s degree preferred
- 4-6 years related experience and/or training
- 4-6 years mortgage lending or similar financial experience and/or education preferred
- Equivalent combination of education and experience considered
Benefits
Comp & perks- 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.
ATS Keywords
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Hard Skills & Tools
Mortgage Document ReviewLoan Application VerificationAppraisal ReviewCredit Report UpdatesDocumentation GatheringFinal Approval SubmissionFee ReconciliationElectronic Imaging SystemClosing Sheet PreparationDenial Letter Preparation
Soft Skills
Attention to DetailCommunication SkillsOrganizational Skills