Mortgage Loan Processing Specialist

Nations Lending Corporation; New Jersey; On-site; USD 41,000 - 64,000; Full time

Job summary

Nations Lending Corporation is seeking a Mortgage Processor to verify and process information for loan approval by reviewing loan applications and submitting the completed file for settlement.

Responsibilities include compiling data, verifying employment/assets, contacting credit bureaus and employers, preparing forms, and coordinating appraisals to ensure accurate loan status through underwriting and closing.

Responsibilities

• Verifies, compiles, and types 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, borrower assets, liabilities, and length of employment.
• Recommends that loans not meeting standards be denied.
• Calls or writes credit bureau and employer to verify accuracy of information.
• Prepares loan application forms, using computer.
• Calls specified companies to obtain property abstract, survey, and appraisal.
• Informs supervisor of discrepancies in title or survey.
• Submits mortgage loan application file for underwriting approval.
• Types and mails approval and denial letters to applicants.
• Submits approved mortgage loan file to mortgage loan closer for settlement.
• Records data on status of loans, including number of new applications and loans approved, canceled, or denied, using computer.

Job description

Nations Lending Corporation is seeking a Mortgage Processor to verify and process information for loan approval by reviewing loan applications and submitting the completed file for settlement.

Responsibilities include compiling data, verifying employment/assets, contacting credit bureaus and employers, preparing forms, and coordinating appraisals to ensure accurate loan status through underwriting and closing.