Senior Mortgage Processor

    • Job Tracking ID: 512439-765862
    • Job Location: Dunedin, FL
    • Job Level: Any
    • Level of Education: Any
    • Job Type: Full-Time/Regular
    • Date Updated: April 05, 2021
    • Years of Experience: Any
    • Starting Date: ASAP
Invite a friend
facebook LinkedIn Twitter Email


Job Description:

The Senior Mortgage Processor will dominate in service by ensuring the timely and accurate packaging of all first mortgage loans originated in accordance with established policies and procedures. Compliance with all appropriate organizational policies and procedures as well as state and federal regulations.

 

Senior Mortgage Processor Summary: Serves as primary point of contact for the mortgage process after the loan is submitted to processing, with a focus on ensuring loan applications are accurate and supporting documentation is complete. Responsible for analyzing all information and documentation; verify through outside sources, the validity of the information, calculate debt-to-income, assets, and loan-to value ratios. Follow product and investor guidelines. Assemble a completely documented file and submit it to underwriting for a loan decision.

 

  • Prepares mortgage loan files by reviewing loan application and documentation. Validating information entered in LOS (Loan Origination system) and AUS (Automated Underwriting System).

  • Have a thorough understanding of industry compliance and regulation requirements, including Credit Union, investor, FHA/VA, TILA-RESPA Integrated Disclosure rule (TRID), Federal and State guidelines.
  • Performs thorough analyses of loan files to determine compliance with credit union, investor, FHA/VA, Federal and State guidelines.

  • Maintain communication with applicants throughout the processing period, assisting them with any questions and notifying them of any additional information required.

  • Complete final evaluation and analysis of completed application packages and prepare files for approval, specifying any applicable conditions to the approval, review the commitment and any additional required disclosures.

  • Assemble and review documents for submission and prepare files for closing.

  • Prepare initial and/or re-disclosures as necessary.

  • Maintain a pipeline of 30-45 loans per month active pipeline.

  • Meet required time frames for file review, processing, underwriting submission and closing deadlines.

  • Direct Junior Processors to assist on files throughout processing.
  • Serve as a loan partner to loan officer.
  • Notify borrowers, Realtors and Loan Offices of updates and underwriting decision.

  • Prepare when applicable "Decline Letters" and ensure accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.

  • Be available to closers and loan officers for general guideline interpretations and questions on specific loan files.

  • Back up for file set up processing and closing as necessary, including secondary market functions.
  • Assist with file preparation for closing; Back up for closing position as necessary.
  • Meet required time frames for file review and submission to underwriting and closing.
  • Perform related duties as directed by Team Lead and/or Manager.
  • Provide a weekly mortgage status report.

  • Responsible for upholding all credit union ethical standards.

  • Represents the credit union in a courteous and professional manner.

  • Perform other essential job functions as required or assigned.

     

Experience and Skills:

Required Education:

High school diploma/G.E.D.

Required Experience (3-5 years each):

  • Loan processing
  • Knowledge of Secondary Market Guidelines; Fannie Mae & Freddie MAC, FHA/VA preferred
  • Familiar with private investor and insurance guidelines

Required Skills:

  • Proficient in Microsoft Office: Outlook email and calendars, Word, Excel
  • Listening, observation, and analytical skills
  • Demonstrated ability to collect data, establish facts, and draw conclusions
  • Proficient in loan origination systems
  • Common office equipment including PC computer and 10 key calculator
  • Data entry
  • Strong verbal communications and business writing
  • Mathematical aptitude
  • Strong interpersonal skills
  • Ability to work effectively under specific time constraints
  • Thrive in a fast-paced environment
  • Ability to multi-task and work well under pressure
  • Ability to prioritize
  • Ability to ogranize
  • Ability to meet deadlines
  • Work independently and in groups
  • Reasoning ability