Mortgage Loan Processor performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Job Overview:
We are seeking a detail-oriented Mortgage Processor to join our team. The Mortgage Processor will be responsible for reviewing and verifying mortgage loan applications to ensure accuracy and completeness.
Responsibilities:
- Review mortgage loan applications for completeness and accuracy
- Verify supporting documentation such as income, credit, and property valuations
- Communicate with loan officers, underwriters, and borrowers to obtain any missing information
- Ensure compliance with all relevant regulations including Fair Housing regulations, TILA, and other industry standards
- Coordinate with title companies, appraisers, and other third parties as needed
- Assist in resolving any issues that may arise during the loan approval process
- Maintain accurate records of all transactions
Qualifications:
- Prior experience in mortgage processing or related field preferred
- Knowledge of mortgage servicing, credit analysis, loan origination, and escrow processes
- Familiarity with basic math principles and financial calculations
- Understanding of loan contracts and documentation requirements
- Strong attention to detail and organizational skills
- Excellent communication and interpersonal abilities
- Ability to work efficiently in a fast-paced environment
If you are a motivated individual with a passion for the mortgage industry and meet the qualifications outlined above, we encourage you to apply for this exciting opportunity.
Required: Bilingual in English/Spanish
Bonus Pay: Loan processor is eligible for monthly bonus per files closed.
90-day review: Performance review meeting will be held after a new employee's roughly first three months on the job.
Job Type: Full-time
Pay: From $25.00 per hour
Expected hours: 40 per week
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Work Location: Hybrid remote in Renton, WA 98057
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