Mortgage - Processor
Mortgage - Processor
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Job Description
Overview
As a processor your goal is to create raving fans of your customers which are the borrowers sales and underwriting staff. You will process loans in accordance with company policies and procedures. At PRMG we make it our mission to place individuals in a job capacity that compliments their skill sets and strengths that allows for personal growth and future career advancement. We believe in cultivating a family like work environment where our company culture is known for its casual yet professional team-oriented setting and most importantly we value work life balance.
PRMG offers a comprehensive benefits package for our full-time employees and their dependents which includes medical dental vision life insurance short-term disability long-term disability a Health Savings Account (HSA) a Flexible Spending Account (FSA) and various other products based on benefits eligibility elections and employee premiums. Upon hire you will be eligible to enroll in all our company-sponsored benefit programs (Medical Dental Life and Voluntary) on the first of the following month. After completing 60 days you will be eligible to enroll in our 401(k) program on the first of the following month. Additionally eligible employees may apply for job openings through PRMGs Internal and External Job Portal to request a transfer to a different department or position.
Responsibilities
- Verifies compiles and inputs/updates application information for mortgage loans
- Reviews residential loan application file to verify that application data is complete and meets establishment standards including type and amount of mortgage applied for including but not limited to borrower credit assets liabilities and length of employment
- Recommends that loan not meeting standards be denied or restructured
- Is able to run AUS after application data is confirmed to be accurate and meets guidelines
- Is able to order verifications (income assets credit liabilities) to verify accuracy of information stated on loan application
- Is able to complete and generate various loan application forms/disclosures for borrowers
- Is able to order title work insurance condo docs for approval appraisals and any other property related items required for the loan
- Is able to perform necessary follow up on any items required for the loan in a timely manner ( insurance appraisal loan conditions from borrower etc.)
- Informs supervisor and/or Loan Originator of discrepancies on any loan documentation provided or ordered
- Submits mortgage loan application file for underwriting approval
- Types and emails/mails approval and denial letters to applicants
- Submits approved mortgage loan file to closing departments and closing settlement agent/attorney for settlement
- Uses all required Checklists for Underwriting and Closing Departments
- Keeps records/logs/pipeline report on status of branch loans assigned to their queue including number of new applications and loans approved canceled or denied
- Is able to communicate effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan Approval
- Performs other related duties as assigned
- Submits conditions to Underwriter
- Oversees Jr Loan Processors duties if applicable to branch
Qualifications
Experience:
- Two or more years of loan processing experience or
- Xinnix Training completion for Processing required AND Processing mentor assigned by branch with 2 years active processing experience
Skills:
- Ability to make sound judgments regarding the resolution of customer service issues
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative
- Ability to handle detailed assignments and maintain confidentiality
- Excellent communication and interpersonal skills
- Organizational skills necessary to prioritize workload
Education:
- High School Diploma or equivalent
Travel:
- None
At PRMG we not only celebrate and support differences we thrive on it for the benefit of our employees our products and our community. We are proud to be a workplace that provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race color religion age sex national origin disability status marital status protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws.
Min
Max
Employment Type
Full-Time
