Mortgage Processor

Mortgage Processor

Location:

Wayne, NJ (onsite 5 days a week)

Duration: 3 Months +

Job Description:

Mortgage Processor is responsible for the collection, verification and entry of all information required to render a credit decision on an application.

Responsibilities include but are not limited to:

• Prepare and mail required regulatory disclosures.
• Order appraisal and flood certification and retrieve and review same.
• Score application via automated underwriting system and carefully review decision results.
• Communicate with applicant, Home Loan Consultant, and/or Home Loan Assistant to request required documentation.
• Verify accuracy of information upon receipt and edit LOS as needed.
• Review the entire file, put it in proper order and submit it to the underwriter.
• Manage an assigned pipeline of loans and ensure contingency and closing dates are met.
• Work with Home Loan Consultant to determine viable solutions to make deals work while balancing high credit quality.
• Update general comments with all activity on the loan.
• Request verifications (VOE, VOD, VOM, etc.), when applicable.
• Responsible for providing customers with periodic status updates regarding their loan application.

Required Skills:

• Good verbal and written communication skills.
• Basic PC skills.
• Ability to handle multiple assignments simultaneously.
• Demonstrate excellent customer service and pipeline management skills.
• Ability to handle confidential material in a professional, ethical manner.
• Knowledge of FNMA, FHLMC, FHA, and VA underwriting guidelines.

Required Experience:

High School Diploma or GED and a minimum of 3-5 years related experience in residential mortgage processing.