Mortgage Loan Processor

Capital-Bank,-N.a.-2; Rockville (MD); On-site; USD 60,000 - 80,000; Full time

Job summary

Capital Bank N.A. in Maryland is seeking a Mortgage Loan Processor to collaborate with loan originators, process mortgage loans, and provide a best-in-class customer experience.

The processor will receive online applications, quickly review for accuracy, advise the LO on viability, and then gather necessary documents for underwriting. Responsibilities include calculating principal, interest and closing costs, preparing files, obtaining verifications and related documents, and coordinating with

Qualifications

• Experience in the mortgage industry as an assistant, loan processor or loan officer is required.
• Must have knowledge of lending terminology and the ability/experience speaking with borrowers regarding lending requirements.
• Experience processing conventional, FHA and VA loans.
• Proven customer service ability is required.

Responsibilities

• Calculates principal, interest and closing cost amounts and notifies the borrower accordingly.
• Prepares mortgage loan files by reviewing loan applications and clarifying and/or obtaining additional information.
• Confirms mortgage loan application information by corresponding with verification sources.
• Obtains mortgage loan documentation by ordering credit reports, land surveys, building appraisals, titles and related information.
• Identifies mortgage loan application and documentation problems by highlighting deficiencies and notifying the mortgage loan underwriter and/or mortgage loan supervisor accordingly.
• Discloses new loans, issues COC’s and completes the set up function of their loans.
• Recent experience in the mortgage industry as an assistant, loan processor or loan officer is required.
• Must have knowledge of lending terminology and the ability/experience speaking with borrowers regarding lending requirements.
• Experience processing conventional, FHA and VA loans.

Skills

Attention to detail

Communication

Time management

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

About Us
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 6 out of 7 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

The Mortgage Loan Processor works closely with loan originators to process mortgage loans in order to provide a best-in-class customer experience. The Processor receives the application online in and must have the ability to quickly review for accuracy and completeness, advise the LO as to viability of loan at first glance and then must acquire necessary documents to submit to underwriting for final approval.

Position Responsibilities

• Calculates principal, interest and closing cost amounts and notifies the borrower accordingly
• Prepares mortgage loan files by reviewing loan applications and clarifying and/or obtaining additional information
• Confirms mortgage loan application information bycorresponding with verification sources
• Obtains mortgage loan documentation by ordering credit reports, land surveys, building appraisals, titles and related information
• Identifies mortgage loan application and documentation problems by highlighting deficiencies and notifying the mortgage loan underwriter and/or mortgage loan supervisor accordingly.
• Calculates principal, interest and closing cost amounts and notifies the borrower accordingly
• Processors should be able to disclose new loans, issue COC’s and complete the set up function of their loans
• Recentexperience in the mortgage industry as an assistant, loan processor or loan officer is required
• Must have knowledge of lending terminology and the ability/experience speaking with borrowers regarding lending requirements.
• Experience processing conventional, FHAand VA loans
• Proven customer service ability is required

Technical Knowledge and Skills

• Microsoft office software suite