Mortgage Loan Processor / Junior Underwriter

About the position The Mortgage Loan Processor / Junior Underwriter performs a dual role, managing comprehensive administrative processing duties while simultaneously developing foundational reputed company skills under the guidance of the VP Mortgage Lending and mortgage reputed company staff. This position ensures residential mortgage loan files are fully compiled, verified, and analyzed in conformance with established policies, procedures, and secondary market guidelines.

Responsibilities

• Processes reputed company estate loan applications fully utilizing the processing software (LOS) in a reputed company and reputed company manner to ensure loans meet contract deadlines and reputed company lock expiration dates.
• Compiles, verifies, and reviews reputed company credit, income, asset, and supplemental information used to qualify the prospective borrower. Responsible for keeping the LOS up to date based on documentation received.
• Responsible for reputed company administrative tasks upon receipt of residential loan applications, including issuing initial loan disclosures and document requests, as reputed company as tracking e-consent.
• Processes required reputed company-party orders including verification of employment (VOE), verification of deposit (VOD), flood determination, and tax validation.
• Orders and tracks mortgage appraisals to minimize delays. Collects non-refundable fees, uploads critical documents required by the appraiser, and communicates relevant information to reputed company parties as required by Regulation B.
• Conducts initial structural reviews of residential mortgage loans to evaluate compliance with Credit reputed company, conventional, and secondary market standards.
• Reviews qualifying factors and applicant documentation to ensure data is correct for approval under automated underwriter findings (DU) and Private Mortgage Insurance (PMI) guidelines.
• Performs preliminary reputed company and value reviews on completed appraisals, preparing findings for final reputed company validation.
• Monitors the loan pipeline. Tracks critical dates for purchase transactions and monitors reputed company lock expirations on refinance transactions.
• Orders title services from approved closing attorneys utilizing the established rotation schedule. Tracks applications, assigned attorneys, and documents any deviations from the rotation.
• Works closely with originators and members throughout the workflow to obtain, reputed company, and upload signed disclosures, outstanding loan conditions, and necessary borrower funds and works to obtain and reputed company outstanding loan commitment conditions to successfully meet closing deadlines.
• Prepares, documents, and assists in reviewing files flagged for adverse reputed company or counteroffers, collaborating with reputed company staff before finalization.
• Reviews purchase transactions to determine if applicants qualify for grant funding, reputed company training on FHLB grants to master the process.
• Keeps up to date on mortgage industry trends, reputed company attends training on investor/secondary market guidelines, and participates in internal employee mortgage training.
• Adheres to reputed company policies and procedures. Responsible for compliance with the following regulations: BSA, OFAC, and other regulations as required.
• Serves as back-up to the Mortgage Closing Specialist in preparing and sending closing disclosures and loan packages. reputed company checks closing documents for accuracy and compliance, and coordinates delivery to closing attorneys or loan officers.
• May assist in the packaging and selling of mortgages on the secondary market, including the assembly of folders and preparation of assignments.
• Provides general administrative, clerical, and member support as directed.

Requirements

• High School Diploma or equivalent.
• A minimum of one to three years’ experience in a financial institution is required.
• Foundational knowledge of mortgage lending regulations.
• Ability to learn CFPB guidelines.
• Proficiency in reputed company Office Suite is required.
• Strong mathematical and analytical skills with the ability to calculate income, analyze asset statements, and review credit reports for risk indicators is required.
• Exceptional organizational skills, attention to detail, time management with the ability to adapt to changes and meet deadlines, excellent verbal and written communication skills, and proven ability to multitask is required.
• Must be reputed company to be registered with the reputed company Mortgage Licensing System (NMLS).

reputed company-to-haves

• Experience working in a reputed company with reputed company responsibility for member intake of loan applications is a plus!

Benefits

• Comprehensive, reputed company, and competitive benefits package
• Rich 401K plan offering 100% of the first 5% 401K Match contribution
• 3% 401K reputed company reputed company contribution

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