Job Description
MORTGAGE LOAN PROCESSOR
Description: Obtains necessary information to process and complete loan files
Job Purpose: Examines documents to ensure accuracy and compliance with existing underwriting guidelines.
Duties:
- Prepares mortgage loan file by reviewing loan application; clarifying or obtaining additional information.
- Confirms mortgage loan application information by mailing verification forms; contacting verification sources.
- Obtains mortgage loan documentation by ordering credit report, land survey, building appraisal, title, and related information.
- Identifies mortgage loan application and documentation problems by highlighting deficiencies; notifying mortgage loan underwriter and mortgage loan supervisor.
- Prepares closing statements and informs borrowers by calculating principal and interest payments, and closing costs; forwards information to borrowers.
- Keeps information accessible by sorting, organizing, and filing documents.
- Maintains customer confidence by keeping mortgage loan information confidential.
- Updates job knowledge by participating in educational opportunities; maintaining personal networks.
- Accomplishes bank mission by completing related results as needed.
Skills/Qualifications:
- Bilingual preferred but not required (English/Chinese)
- Organization
- Thoroughness
- Financial Skills
- Financial Software
- Documentation Skills
- Analyzing Information
- General Math Skills
- Informing Others
- Reporting Skills
- Research Skills