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Mortgage Processor

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Description

Summary

The Processor is responsible for reviewing the completed loan application to assure that all company policies and procedures have been met including all compliance regulations for individual investors. This position verifies and processes all documentation for accuracy and submits completed application package to underwriting for approval.

 

Essential Job Functions:

  • Reviews and sets up new files.
  • Pre-screens loan files for qualifications consistent with appropriate underwriting program guidelines.
  • Sends TIL and all compliance documentation within regulated time.
  • Sends all verifications in accordance to loan application order.
  • Prepares all reports per investor requirements.
  • Assures compliance with government regulations and company policy through review of loan applications and loan submissions to company underwriter, FHA/VA and mortgage insurance companies.
  • Reviews and compares returned documentation with original information as indicated on loan application.
  • Analyzes tax returns and income.
  • Sets up escrow account.
  • Processes funds and billings as received.
  • Discusses any discrepancies with Loan Officer, buyers and Realtors or any party concerned.
  • Helps resolve problems during loan processing.

Other Related Duties:
Performs other related duties as assigned

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:
Associate's degree (A. A.) or equivalent from two-year College or Technical School; or six months to one year related experience and/or training; or equivalent combination of education and experience.