Junior Mortgage Loan Processor

Description

Summary:

The Junior Mortgage Processor is responsible for junior level processing of mortgage loan applications while working under the guidance of a seasoned processor to assure that all company policies and procedures have been met including all compliance regulations for individual investors. Additionally the junior mortgage processor maintains utmost level of customer service for borrowers.

Essential Job Functions may include:

• Process and complete FHA and conventional mortgage loan files in conjunction with a seasoned processor.

• Verify all documentation for accuracy and completeness.

• Calculate Income, 1040s, etc.

• Package loan files complete and thorough for Underwriting.

• Obtain required stipulations from borrower, guiding loans from origination through closing.

• Maintain communication with Loan Officers on all programs and the status of the loans.

• Based upon underwriting decision, finish processing for loan closing or mail adverse action letter to borrowers.

• Provide exceptional customer service to both internal and external customers.

• Meet goals set forth with team lead.

Other Related Duties:

Performs other related duties as assigned.

Supervisory Responsibilities:

This position has no supervisory responsibilities.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• 1-3 years experience processing home loans.

• Knowledge of pertinent federal, state and local codes, laws and regulations.

• Loan Origination skills highly preferred (Encompass).

• Demonstrated communication, telephone and organizational skills.

• Knowledge of FHA and Conventional mortgage programs.

• Knowledge of additional mortgage programs a plus (ie, FHA, Conventional, 203K, VA, Homestyle, Sonyma, etc).

Education and/or Experience:

Associate's degree (A. A.) or equivalent from two-year College or Technical School; 1-3 years related experience and/or training.

Language Skills:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Certificates, Licenses, Registrations:

None required

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Employer’s Rights:

This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks and functions listed in this job description. The employer has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to perform the essential job functions either unaided or with reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall determine reasonable accommodation on a case-by-case basis in accordance with applicable law.

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