Loan Processor
Essential Duties and Responsibilities
Satisfactorily completes all required compliance training and is responsible for compliance with legal, regulatory and company policies.
Reviews residential loan application file to verify that application data is complete, and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Notifies loan representative or branch manager of loans that do not meet standards.
Calls or writes credit bureau and employer to verify accuracy of information.
Orders appraisal reports.
Requests additional items in writing and verbally from borrowers.
Types final loan application forms.
Calls specified companies to obtain preliminary title policy, survey, and appraisal.
Informs supervisor of discrepancies in title or survey.
Submits mortgage loan application file for underwriting approval.
Types and mails approval and denial letters to applicants.
Prepares written request for loan documents.
Coordinates mortgage closing with closing agent and/or escrow company
Records data via loan origination system on status of loans, including number of new applications and loans approved, canceled, or denied.
Preferred Skills:
Skills/Qualifications
Excellent organizational and time management skills
Effective verbal and written communication skills required
Effective decision making skills and sound judgment
Service and team oriented
Education/Experience
High School Diploma or equivalent
6 months of related experience
Mortgage experience
Computer Skills
Microsoft Office Suite
DataTrac and Calyx Point,ConformX
Internet SoftwareEstimated Salary: $20 to $28 per hour based on qualifications.
Satisfactorily completes all required compliance training and is responsible for compliance with legal, regulatory and company policies.
Reviews residential loan application file to verify that application data is complete, and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Notifies loan representative or branch manager of loans that do not meet standards.
Calls or writes credit bureau and employer to verify accuracy of information.
Orders appraisal reports.
Requests additional items in writing and verbally from borrowers.
Types final loan application forms.
Calls specified companies to obtain preliminary title policy, survey, and appraisal.
Informs supervisor of discrepancies in title or survey.
Submits mortgage loan application file for underwriting approval.
Types and mails approval and denial letters to applicants.
Prepares written request for loan documents.
Coordinates mortgage closing with closing agent and/or escrow company
Records data via loan origination system on status of loans, including number of new applications and loans approved, canceled, or denied.
Preferred Skills:
Skills/Qualifications
Excellent organizational and time management skills
Effective verbal and written communication skills required
Effective decision making skills and sound judgment
Service and team oriented
Education/Experience
High School Diploma or equivalent
6 months of related experience
Mortgage experience
Computer Skills
Microsoft Office Suite
DataTrac and Calyx Point,ConformX
Internet SoftwareEstimated Salary: $20 to $28 per hour based on qualifications.
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