Mortgage Loan Processor

Summary

This position is responsible for providing processing support to the Mortgage Loan Processor II. Once loans are submitted to Processing, it is the level 1 Processor’s responsibility to initiate services, such as ordering title, insurance, verification of employment, and flood insurance, in addition to other tasks based on loan type. This position will prepare to hand the file off to the assigned processor and assist in other capacities as deemed necessary.

• Receives new loan application files as submitted to Processing and initiates the ordering of title commitment, flood insurance, evidence of insurance, ordering payoffs, verifications of mortgages, and verifications of employment or any other service and documents
• Performs an initial review of the file to determine the loan specific needs based on loan type. Ensure accuracy of file and initiate any necessary corrections.
• Primary contact for appraisal orders, follow up, receipt and delivery
• Upon completion of tasks, submits the loan to the assigned Processor and communicates a summary of completed tasks and important information. Any documents received from ordered services to be included in loan file.
• Coordinate a smooth and timely transition to the Processor with the goal of expediting the Processing process.
• Effectively manages an assigned pipeline of loans to ensure all documents are received timely in order to meet the strict deadlines required.
• Assist other department and fellow team members with their workloads to ensure a smooth production flow for loan applications.
• Other duties as assigned by management team.
• Regular attendance required, working at the work site during regular business hours and/or assigned hours.