Mortgage Loan Processor

United Bank Alabama and Florida; Foley (AL); On-site; USD 42,000 - 66,000; Full time

Job summary

United Bank Alabama and Florida is seeking a Mortgage Processor to manage applications from initiation to closing, ensuring accuracy and regulatory compliance. You will review documents, analyze credit and income data, and collaborate with loan officers and third parties to deliver a smooth experience for clients.

This full-time on-site role requires a high school diploma, 1 year mortgage processing experience (or 2 years banking/clerical), and proficiency with mortgage software and Microsoft

Qualifications

• High school diploma or equivalent required.
• 1 year experience as a mortgage processor or 2 years clerical/banking experience.
• Proficient in mortgage processing software and Microsoft Office Suite.

Responsibilities

• Review and evaluate mortgage applications to ensure completeness & accuracy.
• Verify & analyze financial information including credit reports, employment history, and income documentation.
• Communicate with loan officers, clients, and other parties to gather information and resolve discrepancies.
• Prepare loan files for underwriting with complete documentation.
• Monitor progress of mortgage loan files and provide status updates to the team.
• Ensure compliance with federal and state regulations governing mortgage lending.
• Maintain detailed records of all communications and documentation.
• Provide excellent customer service throughout the mortgage process.

Skills

Mortgage software

Microsoft Office

Communication

Time management

Education

High school diploma or equivalent

Associate/Bachelor's in finance or related

Job description

JOB FUNCTION / SUMMARY:

Candidate is responsible for managing mortgage applications from initiation to closing, ensuring adherence to regulations & bank policies. Primary duties include reviewing and verifying financial documents, analyzing information and collaborating closely with loan officers and third parties to facilitate an efficient mortgage experience for the bank's clients.

PRIMARY DUTIES & RESPONSIBILITIES:

• Review and evaluate mortgage applications to ensure completeness & accuracy.
• Verify & analyze financial information, including credit reports, employment history, and income documentation.
• Communicate with loan officers, clients, and other interested parties to gather additional information and resolve any discrepancies.
• Prepare loan files for underwriting by ensuring all necessary documentation is collected and organized.
• Monitor the progress of mortgage loan files and provide status updates to team members.
• Ensure compliance with federal and state regulations governing mortgage lending.
• Maintain detailed records of all communications and documentation related to loan applications.
• Provide excellent customer service throughout the mortgage process in order to build strong relationships with clients and the bank's lenders.
• Any other duties as assigned by Management.

Requirements

MINIMUM REQUIRED EDUCATION, EXPERIENCE & SKILLS:

• High school diploma or equivalent required
• One-year proven experience as a mortgage processor or two years of clerical and/or banking experience
• Proficient in the use of mortgage processing software and/or Microsoft Office Suite.

PREFERRED EDUCATION, EXPERIENCE & SKILLS:

• Associate's/bachelor's degree in finance, business, or related fields preferred.
• Proven experience in managing multiple mortgage files while meeting deadlines in a demanding environment
• Familiarity with escrow procedures, title insurance, & general working knowledge of real estate transactions.

ESSENTIAL KNOWLEDGE, MENTAL & PHYSICAL REQUIREMENTS:

• Excellent communication skills.
• Ability to manage time and competing priorities in a fast-paced environment.
• Strong interpersonal skills with the ability to interact with all levels of an organization.
• Collaborative professional skills that lead to a collegial and partnered approach to meeting objectives.
• High motivation with ability to successfully meet individual and team goals while maintaining individual performance over the long term.
• Adaptability and flexibility.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to speak or hear, stand, or sit for long periods of time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands and arms. The employee must frequently lift and/or move up to ten pounds, occasionally lift and/or move up to 25 pounds and complete tasks requiring manual dexterity.