Mortgage Loan Processor

Requirements

• Review lender notes for any special instruction or requirements
• Complete a Pre-UW scrub of the loan file to determine accuracy and completeness of the URLA and all loan file documentation
• Prepare & review initial loan disclosures for accuracy & completeness
• Disclose all new applications received within the required 3 days
• Verify & document borrower e-consent when received
• Verify ITP was received and documented as needed in the LOS
• Verify Patriot Act information is obtained & documented in every file
• Review all electronic file documentation for accuracy & completeness
• Ensure all documentation is stored/named in our electronic file using approved naming conventions
• Prepare & send revised disclosures when necessary for CIC
• Submit files for initial & final UW review
• Send approval/commitment letter(s), denials or adverse action notices to borrower
• Lock loans with investor (when applicable) and within the LOS
• Send locked LE & Lock-in Agreement to borrower
• Complete all required tasks & functions within the LOS
• Request/obtain any required 3rd party verifications (VOE, VOM, VOL) & update LOS Processing screen as needed
• Order flood determinations, appraisals, tax transcripts, title commitment/letter reports or any other 3rd party services & update LOS Processing screen as needed
• Provide copy of appraisal/valuation to the borrower & send invoice to AP for payment
• Review & obtain all underwriting approval conditions needed for final approval
• Obtain & review hazard and/or flood insurance policies to ensure they meet policy/guidelines
• Review title commitment/letter report and resolve any issues or outstanding liens
• Ensure all timing and delivery requirements have been met (Reg B decision, appraisal delivery, etc.)
• Communicate with MLO and applicants (as needed)
• Order payoffs quotes (internal & external)
• Collaborate with title company and/or MLO to coordinate closings
• Prepare and provide preliminary CD to borrower within required timeframe
• Prepare disbursement worksheet to match prelim CD
• Prepare the final closing package and review all documents for accuracy and compliance
• Verify all at close conditions have been addressed as needed
• Process Plaza/TPO loans and coordinate closing/funding as applicable
• Comply with all bank policies & procedures as well as all applicable federal and state banking regulatory agency policies
• Comply with bank standards for attendance and hours of work
• Perform any other duties as required to fulfill the responsibilities of the position

Benefits

• 401(k) matching
• Paid time off