The purpose of this position is processing residential mortgage loan applications to ensure a smooth mortgage process. This position is for an experienced loan processor having 2+ years’ experience in the processing of residential mortgage loans.
Data entry of loan applications to bank’s processing system and submission to automated underwriting system.
Order and collect documentation necessary to address automated underwriting findings.
Communicate with all parties on status of file.
Work with originator and borrower to clear underwriting conditions.
Interpret automated underwriting decisions.
Ensure compliance with bank and government regulations.
Solve file issues and problems within bank guidelines.
Knowledge of mortgage investor guidelines
Knowledge of appraisal process
Thorough knowledge of automated underwriting
Knowledge of compliance guidelines
Excellent organizational, communication, and computer skills
Time management and prioritization skills necessary to manage workload
Ability to solve complex loan problems
Ability to manage difficult situations between interested parties in the mortgage transaction
Ability to understand, apply knowledge, and resolve issues that arise between automated underwriting rules and manual underwriting rules