Mortgage Loan Processor

AmFirst; Birmingham (AL); On-site; USD 52,000 - 75,000; Full time

Job summary

AmFirst in Birmingham, AL is seeking a Mortgage Loan Processor responsible for gathering financial data and credit information used in the credit decision process and preparing loan documents for underwriting. This role also ensures that all documents are complete and in file order prior to submission to Underwriting, and that each loan file is prepared and ready for loan closing.

This position requires strict deadlines, handling confidential information, and clear communication with borrowers

Qualifications

• Bachelor's degree or higher or certifications equivalent to degree.
• Strong interpersonal skills with ability to influence and train others.
• Light lifting and regular attendance are required.

Responsibilities

• Process files from opening through closing of each loan and be primary contact for all parties involved.
• Assemble documents to meet underwriting guidelines and obtain necessary items from customers.
• Review documents for accuracy and determine required documentation for loan file while ensuring compliance.
• Analyze borrower tax returns to determine qualifying income and complete FNMA Form 1084 analysis.
• Coordinate with borrowers and other parties, communicating status and questions in writing and verbally.
• Perform other related duties as assigned.

Skills

Interpersonal skills

Team Player

Detail Oriented

Growth opportunities

Self-Starter

Goal completion

Education

Bachelor's degree or equivalent certifications

Tools

FNMA Form 1084 Self Employed Cash Flow Analysis

Job description

Role

Responsible for gathering financial data and credit information used in the credit decision process. This position is also responsible for preparing loan documents for underwriting; monitoring and following strict deadlines; handling confidential information; and, ensuring that all documents are complete and in file order prior to submission to Underwriting. This position ensures that each loan file is prepared and ready for loan closing.

Essential Functions And Responsibilities

• Process files from opening through closing of each loan. Take ownership of loan files once received from mortgage loan officer. Be primary contact for all parties involved in the process of the mortgage loan.
• Assemble all loan documents necessary to meet the underwriting guidelines for the particular loan program in process. Obtain the necessary documents from the customer to meet Automated Underwriting System Findings.
• Review all documents for accuracy and completeness and determine the documentation necessary to be included in the mortgage loan file while maintaining compliance of necessary loan documentation.
• Analyze borrower(s) Federal Tax returns (if applicable) to determine qualifying income. Complete FNMA Form 1084 Self Employed Cash Flow Analysis for loan files with tax returns. Responsible for ordering appraisals-title and hazard insurance and tracking order status.
• Responsible for conferring with borrowers concerning questions, procedures, necessary information and forms completion, and loan status while communicating in writing and verbally with various parties to the mortgage loan process.
• Performs other job-related duties as assigned.

Performance Measurements

• Meet or exceed department goals that are created in conjunction with corporate goals.
• To ensure all files are in compliance with federal regulations and Credit Union Policy.
• To ensure timely supply of requested documentation to members.
• Report regularly to leadership on the status of all leads and loans being worked.

Knowledge And Skills

Education - (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills - Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Physical Requirements - Light Lifting Required.

Work Environment - Prompt regular attendance at the assigned workplace is required.

Behaviors

Preferred

• Team Player: Works well as a member of a group
• Functional Expert: Considered a thought leader on a subject
• Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

Motivations

Preferred

• Growth Opportunities: Inspired to perform well by the chance to take on more responsibility
• Self-Starter: Inspired to perform without outside help
• Goal Completion: Inspired to perform well by the completion of tasks

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.