Mortgage Processor

• Organizes the paperwork and documents pertaining to a mortgage loan
• Prepares disclosures, ordering appraisals, title work and escrow
• Confirms data as compiled by the loan originator in SNMC’s Loan Operating System
• Verifies the borrower's information by ordering credit reports, verifying employment, and reviewing documentation
• Determines when the file is complete and ready for underwriting submission
• Coordinates the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower
• Accumulates any additional conditions as required from the borrower for funding

Mortgage Processor organizing mortgage loan paperwork at Security National Financial Corporation

Mortgage Processor organizing mortgage loan paperwork at Security National Financial Corporation. Responsible for disclosures, appraisals, title work, and coordinating loan funding.

• Process residential mortgage loans across various programs in accordance with bank policies, procedures, and all regulatory requirements.
• Deliver excellent customer service through proactive communication and collaboration with all internal teams and external customers.
• Analyze loan files, including income, asset, and credit documentation, to ensure completeness and accuracy prior to submission.
• Submit loan files through automated underwriting systems (DU – Fannie Mae Desktop Underwriter or Freddie Mac Loan Product Advisor).
• Maintain accurate and complete data within the loan origination systems to ensure data integrity.
• Utilize fraud detection tools to identify discrepancies and resolve issues in a timely manner
• Act as a primary point of contact for borrowers, employers, appraisal management companies, and attorneys to obtain and clear outstanding conditions.
• Maintain consistent follow-up to ensure all required documentation is received and conditions are cleared.
• Monitor loan pipeline to meet service-level expectations and ensure timely progression from application through closing.
• Collaborate closely with loan officers, underwriters, and closers to meet established deadlines and performance standards.
• Demonstrate strong critical thinking skills by identifying potential risks or issues and escalating properly.
• Thrive in a fast-paced, high-volume environment, while maintaining accuracy and attention to detail.
• Exhibit strong time management and organizational skills to effectively prioritize and meet deadlines.
• Support the bank’s community presence by participating in civic and community functions to promote business development opportunities.

Mortgage Processor II delivering high-quality loan processing at Newtown Savings Bank

Mortgage Processor II

Mortgage Processor II at Newtown Savings Bank responsible for high-quality loan processing and managing loan pipelines. Delivering customer service and ensuring compliance with regulatory standards in a remote environment.

• Process first mortgage loans in accordance with applicable federal/state laws, as well as Navy Federal's policies and procedures
• Establish and maintain contact with members and external third parties, such as real estate agents (if/when applicable); to guide and follow mortgage loan process from warm handoff by loan officer through loan closing process
• If changes to the loan occur during the course of processing the loan, such as appraisal amount or financial circumstances, processor will continue to qualify applicants as necessary; may interview and counsel members regarding mortgage loan products and make adjustments accordingly
• Provide detailed mortgage information to members regarding mortgage requirements, products, related services, policies & rates
• Clarify complexities of the mortgage/equity loan process
• Evaluate, personalize, and recommend financing alternatives
• Obtain, review and verify mortgage applications have required loan documentation, such as title insurance, appraisals, loan applications, credit reports, and income and asset declarations are accurate and provided promptly to underwriters for loan approval
• Request and obtain any additional documentation needed from the member to meet loan requirements
• Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority
• Validate automated underwriting decision per delegated authority
• Ensure progress and inclusion of required mortgage processing information
• Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulations; apply and communicate changes impacted by related regulatory requirements, practices and legislation updates
• Determine and advise members on approved loan conditions and documentation requirements
• Communicate and document loan decisions so that involved parties are well-informed
• Ensure loans are compliant with RESPA guidelines prior to submission for quality assurance review and closing
• Coordinate settlement dates with members, attorneys, and realtors
• Reconcile changes, revisions and corrections with closing agents and settlement attorneys to ensure accurate and efficient processing of mortgage loans
• Analyze, research, and resolve discrepancies, problems & issues related to member accounts/loans; may require additional interaction with members, other staff and outside contacts for completion
• Prepare and review loan activity reports to effectively track status updates, provide pipeline metrics and quickly identify/address items in need of attention
• Perform other duties as assigned

Mortgage Processor I handling first mortgage loans for Navy Federal

Mortgage Processor I

Mortgage Processor I responsible for processing first mortgage loans at Navy Federal. Managing member communications and documentation for compliance with federal/state laws.

• Take ownership of all tasks and challenges encountered in the operation of the assigned position.
• Manage a pipeline of loan applications, collect and review mortgage related documents, and drive the loan process from application through closing.
• Maintain compliance with SouthState Bank Corporate Code of Conduct and Ethics, all anti-money laundering guidelines, regulatory requirements, and all other applicable operating procedures.
• Review and analyze loan application and all supporting documentation, including credit report, income documents, asset documents, property documentation, AUS findings, and other documentation specific to the loan submission.
• Perform income calculations and asset reconciliations.
• Request documentation from Customer and/or Loan Officer as applicable to the loan submission.
• Keep Customer and Loan Officer updated on document requests and loan status using verbal and written (electronic) communication practices.
• Update LOS, AUS, and any other applicable loan decisioning systems.
• Maintain working knowledge of all applicable program guidelines, including any secondary investor guidelines specific to the loan submission.
• Order third party services including, but not limited to, tax transcripts, title work, flood determination, appraisal, and insurance declarations information.
• Run and review Compliance and Fraud engines; follow established procedures to address and/or clear findings, including updating loan data inside of LOS as applicable.
• Submit a complete and accurate loan file to underwriting (internal, private mortgage insurance company, or investor).
• Obtain all required conditions as established by underwriting.
• Request initial Closing Disclosure and submit a complete and accurate loan file to closing.
• Coordinate closing date with Loan Officer, Customer, and Closing Agent.
• Manage pipeline to meet established SLA’s and critical loan dates (e.g.: contingency, closing, and lock expiration).
• Other duties as assigned by management that are deemed essential.

Mortgage Processor III managing loan applications and driving the loan process

Mortgage Processor III

Mortgage Processor III managing a pipeline of loan applications through closing and ensuring compliance with regulations. Responsible for reviewing documentation and coordinating with Customers and Loan Officers.

• Reviews loan applications to assess qualification and restructures or recommends solutions
• Responsible for clearing conditions on residential mortgage loan products
• Maintain effective communication with all necessary parties
• Work with various internal departments as well as external organizations
• Immediately notifies all necessary parties of irregularities
• Monitor, update and analyze credit reports, appraisals, income documentation
• Support the origination department with administrative duties
• Ensure adherence to all regulatory requirements and guidelines
• Identify risk-related issues needing escalation to management
• Promote an environment that supports belonging and reflects the M&T Bank brand

Senior Processor assessing complex mortgage applications

Mortgage Processor IV

Senior Processor at M&T Bank reviewing complex residential mortgage applications. Clearing conditions and ensuring regulatory compliance for optimal processing experience.

• Maintain effective communication with all necessary parties involved in a new loan application
• Work with various internal departments as well as external organizations to obtain processing related documentation
• Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines
• Monitor, update and analyze credit reports, appraisals, income documentation, and all verifications
• Perform other administrative duties supporting the origination department
• Ability to scrutinize a loan application to assess qualification
• Empowered to review and accept loan conditions based on underwriter requirements
• Ensure adherence to all regulatory requirements and guidelines
• Identify risk-related issues needing escalation to management

Mortgage Processor III managing loan requests and communications at M&T Bank

Mortgage Processor III at M&T Bank managing loan requests based on product and underwriting knowledge. Assessing qualifications, communicating with customers, and ensuring adherence to guidelines.

Mortgage Processor jobs in United States

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Mortgage Processor

Mortgage Processor II

Mortgage Processor I

Mortgage Processor III

Mortgage Processor IV

Mortgage Processor III