Mortgage Loan Processor

Saint Louis, MI - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Job Title: Mortgage Loan Processor

Reports To: Manager Real Estate Processing and Closing

Positions Supervised: N/A

FLSA Status: Non-Exempt

Job Summary

The Mortgage Loan Processor is responsible for managing and reviewing mortgage and home equity loan applications to ensure accuracy completeness and compliance with regulatory requirements internal policies and investor guidelines. This role acts as a key liaison between mortgage loan officers underwriters closers and other third-party vendors to facilitate a seamless loan process from application to closing. With a focus on maintaining a high level of service the Mortgage Loan Processor analyzes credit reports income documentation and other supporting materials to identify and resolve issues proactively. ** This is a Hybrid/St Louis position **

Job Responsibilities

The intent of this job description is to provide a representation of the types of duties and level of responsibilities required of this position and is not intended to be an exhaustive list of all responsibilities duties and skills. Team members may be directed to perform job-related tasks other than those specifically stated in this description.

Review Conventional Mortgage and Home Equity applications for completeness accuracy and compliance with investors insurers regulatory and internal policy requirements.
Serve as the primary point of contact for applicants providing regular updates answering questions and guiding them through the loan process.
Verify supporting documentation including income assets employment credit property and other required items for underwriting submission.
Identify and obtain missing or incomplete documentation needed to advance the loan file to the next processing stage.
Ensure all documentation and data in the loan file are current and meet guidelines prior to submission to underwriting.
Maintain up to date knowledge of mortgage and home equity loan products underwriting guidelines compliance regulations and internal procedures. Maintain up to date knowledge of underwriting guidelines for Fannie Mae Federal Home Loan Bank and internal loan programs.
Collaborate with mortgage loan officers underwriters closers and other third-party vendors to ensure timely and accurate loan processing.
Update loan origination systems with new documentation and status changes throughout the loan process.
Prepare and review loan files for submission to underwriting and closing ensuring files are complete accurate and audit ready.
Coordinate with the closing department by forwarding approved loan files and preparing the required documents.
Monitor and maintain a daily average pipeline meeting deadlines and ensuring files meet service level expectations and move efficiently through the process.
Escalate issues that may delay or jeopardize loan approval or closing and work to resolve problems quickly and effectively.
Adheres strictly to all federal state investor and internal compliance regulations and protocols.
Prepare and organize loan files ensuring proper documentation naming conventions and file structure.
Maintain and renew NMLS registration annually by completing required continuing education and training.
Support the development and maintenance of training materials and job aids to promote standardized procedures and best practices across the processing team.

Required Qualifications

An equivalent combination of education training and experience will be considered.

High School Diploma
Minimum 2 years processing experience
NMLS Registration

Knowledge Skills and Abilities (KSAs)

A representation of the knowledge skills and abilities necessary to perform this job competently.

Ability to work in a paperless environment.
Creative problem solver with a positive attitude.
Ability to prioritize and multi-task to meet deadlines.
Strong sense of urgency and responsiveness along with the ability to demonstrate professionalism.
Expertise with loan processing software and systems.
Strong understanding of all loan products underwriting guidelines and regulations.
Ability to work independently and meet deadlines in a fast-paced environment.
Exceptional communication member service skills organizational skills and time management skills.

Work Environment

Environmental or atmospheric conditions commonly associated with the performance of this jobs functions.

Hybrid remote and in-office setting; general office environment when in-office.

Physical Abilities

The physical demands described below are representative of those that must be met by an employee to successfully perform this jobs essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Ability to work at a computer in a stationary manner up to 8 hours daily.

Together Credit Union is an Equal Opportunity employer. The Credit Union complies with appropriate federal state and local laws and provides equal employment opportunities without regard to race color religion gender age sexual orientation gender identity or expression national origin military or veteran status disability (including pregnancy) genetic information or any other protected status to all qualified applicants and employees. Together Credit Union is committed to a policy of non-discrimination and dedicated to providing a positive discrimination-free work environment.

Job Title: Mortgage Loan ProcessorReports To: Manager Real Estate Processing and ClosingPositions Supervised: N/AFLSA Status: Non-ExemptJob SummaryThe Mortgage Loan Processor is responsible for managing and reviewing mortgage and home equity loan applications to ensure accuracy completeness and comp...