Senior Mortgage Processor Job Lincoln area,Nebraska USA,Finance & Banking

Position Summary

The Mortgage Loans Senior Processor processes mortgage loans intended for sale on the secondary market. This includes all processing steps from origination up until closing and includes a variety of loan types (Conventional, FHA, VA).

Essential Functions

Process mortgage loans intended for sale on the secondary market including Conventional, FHA, VA, NIFA and other special programs as needed. This includes all processing steps from origination up until closing.

Review file for accuracy, analyze documentation, pre-underwrite loan file and submit to underwriting.

Coordinate loan process while working closely with all parties involved in transaction (originator, underwriter, closer, etc).

Manage a production pipeline and clearly communicate and accurately update the status of each loan.

Review and clear all underwriting conditions prior to closing.

Resolve all items identified in pre/post-closing reviews.

Anticipate all requirements of the loan cycle from beginning to end.

Ensure all transactions meet compliance bank policy, regulatory compliance, investor guidelines and customer service standards.

Understand and adhere to all bank policies, laws and regulations applicable to their role. Complete compliance training; follow internal processes and controls as required.

Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.

Regular and reliable attendance is an essential function of this position.

Performs other job related duties or special projects as assigned.

Expectations Checklist

NOTE:

All checklist items are required to be eligible for a Processing 1 position unless otherwise noted.

Little to no experience processing (supervisor/manager discretion)

Little to no experience secondary market loans (supervisor/manager discretion)

Effectively handle 10-25+ files in the pipeline at a time

Conventional purchase and refinances

Learning Processing Expectations

Must be able to VPN

Demonstration of good written communication skills, procedure writing upon request will be required.

Exceptional level of customer service to borrowers and officers

Demonstrated ability to review and apply Agency and Investor guidelines.

Gaining knowledge and understanding of TRID, Adverse Action and Reg B

NOTE:

All checklist items are required to be eligible for a Processing 2 position unless otherwise noted.

Minimum 1-2 year experience processing (supervisor/manager discretion)

Minimum 1-2 year experience secondary market loans (supervisor/manager discretion)

Effectively handle 25-50+ files in the pipeline at a time

Conventional purchases and refinances

Learning stages and beginning mastery of other loan types; example FHA

Meets everyday Processing Expectations

Must be able to VPN

Demonstration of great written communication skills, procedure writing upon request will be required.

Exceptional level of customer service to borrowers and officers

Demonstrated ability to review and apply Agency and Investor guidelines

Demonstrates knowledge and understanding of TRID, Adverse Action and Reg B

Basic understand of loan product and profitability

Sufficient comprehension of the entire loan lifecycle (origination - servicing) with a clear understanding of how closing support the transaction.

NOTE:

All checklist items are required to be eligible for a Senior Processing position unless otherwise noted.

Minimum 3 year experience processing.

Minimum 5 year experience secondary market loans (supervisor/manager discretion).

Effectively handle 30-60+ files in the pipeline at a time.

Conventional - at least 150 purchase and 150 refinance transactions.

FHA - at least 25 transactions.

NIFA - at least 20 transactions with at least 10 being HBA's.

VA and/or RD - at least 5 transactions.

Jumbo - at least 5 transactions.

Meets everyday Processing Expectations at a satisfactory level.

DD/Closing/Funding/Post Closing Training & Knowledge Rotation.

Produce 1 set of initial documents per quarter.

Produce 1 redisclosure per quarter.

Produce 1 set of closing docs per quarter.

Must be able to VPN and serve as a business recovery critical team member.

Extensive product/investor pricing knowledge.

Demonstration of excellent…


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