Mortgage Loan Processor

posted:
Location
Huntsville, Alabama
Industry
Banking (Business and Financial Operations Occupations)
Job Type
Full-Time
Working Hours
8:00 AM - 5:00 PM
Salary
US$ 20.00 - US$ 27.00 per hour
Ref. Number
S_65214
Contact
Glenn,Kylah, Spherion
Phone
256-8810993
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Job Description

Reviews and analyzes loan documentation and ensures all items needed are requested from the borrower to prepare loan file and submit to underwriting for approval. Works with Loan Officer, Loan Officer Assistant, Underwriting, and Closing Department in support of the team's efforts to meet or exceed mortgage loan schedules and customer expectations. Gathers information and maintains each file from initial submission to closing. Inputs loan information into the system. Ensures all loan documentation is complete, accurate, verified, and complies with company policy and meets investor's guidelines. Orders and coordinates additional loan documents, if required.

Responsibilities:
Handles more complex loans such as government loans , jumbo loans and self employed borrowers.
Reviews loan application files for accuracy and completeness.
Conduct pre-underwriting reviews of Borrower documentation , obtaining additional documents as needed to for loan approval the remaining conditions prior to loan closing, and resubmitting loan files to underwriting for final approval once all conditions have been received
Checks, inputs and uploads data in Encompass.
Cultivate and maintain a close relationship with all borrowers and proactively and effectively communicate all information to Borrowers from the time the loan is decisioned through clear-to-close.
Serve as Subject Matter Expert (SME) within the team and provide direction, guidance, and training to staff members
Contacts specified 3rd party entities to verify accuracy of employment, credit, and other information.
Maintains Bank compliance standards by ensuring that all loan documentation complies with policy and is complete, accurate and verified. Review data input in comparison to loan documents and update/inquire accordingly Maintains department standards for timely review of files and pipeline flow.

Working hours: 8:00 AM - 5:00 PM

Skills:
Proficient in Encompass loan origination system
Proficient with Microsoft Office Suite.
Ability to comprehend and compute basic math skills.
Work in a fast paced environment.
Effectively communicate both orally and written.
Prioritize daily tasks and display exemplary time management skills.
Ability to lift 5 pounds.
Demonstrates a commitment to Relationships F-I-R-S-T in all areas of job performance.

Education:
High School

Experience:
1-4 years

Qualifications:
High School Diploma or equivalent required
6 years of recent mortgage processing and underwriting experience
Proficient use of loan origination systems
In-depth knowledge of mortgage loan underwriting criteria and compliance guidelines, including ability to research guidelines Understanding of credit guidelines and ability to read credit reports, tax returns and other income documents
Basic underwriting knowledge/comprehension, including: income calculation, asset review, appraisal review, and understanding of AUS findings, etc.
In-depth knowledge of mortgage lending guidelines and regulations (RESPA, REG B, HMDA, FHA, VA, Conventional, and other products offered)


If qualified email your resume to Kylahglenn@spherion.com with the subject line "loan processor" for immediate consideration

Spherion has helped thousands of people just like you find work happiness! Our experienced staff will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temp-to-perm or direct hire opportunities, no one works harder for you than Spherion. EEO Employer: Race, Religion, Color, National Origin, Citizenship, Sex, Sexual Orientation, Gender Identity, Age, Disability, Ancestry, Veteran Status, Genetic Information, Service in the Uniformed Services or any other classification protected by law.

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