Mortgage Loan Processor

Presidential Bank FSB; Colonial Heights (VA); On-site; USD 60,000 - 78,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Disability insurance

Life insurance

Paid leave

Retirement plans

Job summary

Presidential Bank, FSB in Virginia is seeking a Mortgage Loan Processor to handle processing of all mortgage loan types, order verifications, review documents for accuracy, and transfer loans between systems.

The role requires at least 5 years of mortgage processing experience, strong attention to detail, excellent communication, knowledge of underwriting guidelines, and the ability to work under tight deadlines with minimal supervision.

Qualifications

• 5+ years of mortgage processing experience.
• Ability to read, write and communicate at a professional level.
• Working knowledge of mortgage underwriting guidelines and credit analysis.
• Familiarity with federal lending regulations and RESPA.

Responsibilities

• Process mortgage loans including setup and processing.
• Review documents for completeness and accuracy.
• Order required documents and verifications.
• Provide status updates to loan officer, applicant, Realtor, and title company.
• Maintain and transfer loans between computer systems.
• Clear conditions and schedule closing.

Skills

Customer service

Communication

Time management

Problem solving

Education

High School Diploma

Tools

Microsoft Word

Excel

Job description

Description

The Mortgage Loan Processor is primarily responsible for processing mortgage loans. This includes setting up and processing all types of mortgage loans, maintaining and transferring loans between computer systems, ordering required documents, and printing required loan documents. Review each loan document for completeness and accuracy.

• Excellent customer service in person, by phone, and through mail
• Knowledge of FHA, VA, USDA and Conventional underwriting guidelines and loan process
• Ability to review AUS findings and guidelines prior to loan submission to confirm that application fits loan program applied for
• Understand how to properly send disclosures to clients to be in compliance
• Order needed services and verifications
• Provide status updates to loan officer, applicant, Realtor, and title company
• Maintains record of all loans in process and reviews status with originator regularly
• Clear outstanding conditions and schedule loan for closing
• Strong attention to detail and organizational skills
• Work with minimal supervision and follow established procedures
• Assists, when needed, with reports and procedures
• Other projects and/ or duties as assigned

Requirements

• High School Diploma or equivalency
• Minimum 5 years of experience in mortgage processing
• Ability to read, write and communicate at a level consistent with the requirements of the position
• Ability to present products and service information to members
• Excellent communication and interpersonal skills are required. Must be able to communicate professionally and effectively, orally and in writing with borrowers, co-workers, and managers
• Must possess a basic understanding of mortgage underwriting guidelines and credit analysis
• Must have a working knowledge of federal lending regulations and RESPA requirement
• Detail oriented with the ability to work with basic mathematical concepts such as percentages, ratios and fractions
• Working knowledge of Point preferred
• Working knowledge of Microsoft Word and Excel
• Demonstrated ability to work effectively with co-workers in a team-environment
• Ability to define and resolve problems
• Ability to work effectively under strict time constraints, deadlines, and the flexibility to adapt to peak periods of heavy workload

Presidential Bank, FSB offers a competitive benefits package that includes paid leave, health, dental, vision, disability, and life insurance as well as two retirement plans.

Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state or local law.

Equal employment opportunity, including veterans and individuals with disabilities.