Job Description
We are looking for an expert data cruncher with a knack for processing financial information. Mortgage Processors are responsible for interviewing loan applicants, reviewing applicant financial data, efficiently communicating with third parties, among other duties.
MORTGAGE PROCESSOR RESPONSIBILITIES:
- Reviewing loan applications
- Evaluating applicant financial information including salary, assets, debts and expenses
- Verifying the accuracy of applicant data
- Managing real estate loan documentation
- Ensuring compliance with banking regulations
- Submitting a detailed loan package to the Underwriting department
- Evaluating credit history & credit profile to meet program guidelines
- Effectively coordinating with third parties in the loan process such as escrow, title, and real estate agents
MORTGAGE PROCESSOR REQUIREMENTS:
- 2+ years experience in mortgage processing (must be within the last 5 years)
- Excellent mathematical and statistical aptitude
- Analytical mindset
- Good written and verbal communication
- Good organizational skills
- Exceptional interpersonal skills
- Attention to detail
- Knowledge of FHA, VA, Conventional guidelines as well as non-QM guidelines
- Broker & Correspondent experience
- Must be able to close 15-20 loans/month
- Computer literate
- Familiarity with different lender portals
- Proficient in Microsoft Office and Adobe Acrobat
- Knowledge of running DU
- Encompass experience is a MUST
- The ability to read and interpret TRID documents and how it compares to each transaction