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)
In the performance of assigned tasks and duties all employees are expected to conform to the following:
Review and adhere to policies and guidelines contained within the Employee Handbook, including privacy and information security guidelines.
to understand their views and needs. Take ownership of problems and issues, taking into consideration the breadth of PRMI competencies in providing solutions.
Position purpose - Responsibilities/Duties/Functions/Tasks
The purpose of this position is to work with clients to collect and verify employment and financial data to complete mortgage loan applications.
Contacts applicants by telephone, e-mail, or in-person meetings to gather financial information, including employment situation, salary, assets, financial status, current debts and current expenses
Orders appraisal and title and assists in loan application completion
Receives data needed by mortgage loan processors to verify employment length, financial statement accuracy, and collateral asset values
Clears underwriting conditions and reviews closing conditions
Submits application to the lender
Contacts and communicates with loan closer
Qualifications
Basic reading, writing, and arithmetic skills
Strong attention to detail
Strong communication skills, both written and oral
Ability to effectively and professionally handle difficult situations that may arise when working with branches/divisions
Ability to multi-task and manage time efficiently
Knowledge of Microsoft Excel and Microsoft Word
Familiarity with Accounting terms and procedures (e.g. debits, credits, General Ledgers, etc.)
Preferences
Knowledge of Microsoft Office and telephone protocol
Ability to type 50 wpm
Reporting Skills, Administrative Writing Skills, Process Management, Organization, Analysis, Professionalism, Problem Solving, Supply Management, Inventory Control
Work Requirements
Must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and perform in an office environment with possible exposure to CRT, LCD and UV Rays. The ability to work extended hours may be required.
Nothing in this job description restricts management’s right to assign or reassign duties and
responsibilities to this job at any time.