Mortgage Loan Processor

Texana Bank; United States; Remote; USD 36,000 - 50,000; Full time

Job summary

Texana Bank in Keller, TX is seeking an experienced Mortgage Processor to perform initial appraisal, analyze borrower applications, and coordinate with underwriting. You will verify documents, review income and assets, and help determine loan eligibility.

The role requires TRID knowledge, strong regulatory understanding, and excellent communication and organizational skills. You will work with loan officers, title companies, and borrowers to ensure accurate files, timely submissions, and

Qualifications

• Post-TRID knowledge is required.
• Understanding of direct/indirect lending procedures.
• In-depth understanding of relevant rules and regulations.
• Strong organization and attention to detail.
• Excellent communication and sales skills.

Responsibilities

• Identify customer needs and explore loan options; review files for completeness and accuracy.
• Verify accuracy of system input.
• Analyze file for program applicability.
• Review documentation such as income, assets, credit reports, verifications, etc.
• Follow up with clients for additional documents or clarifications.
• Provide status updates to loan officers, borrowers, and agents.
• Coordinate submission to underwriting and satisfaction of closing/funding conditions.
• Submit files timely per company standards.
• Review HUD-1 for accuracy and resolve discrepancies prior to closing.
• Prioritize workflow for time-sensitive files.
• Ensure compliance with regulatory standards and privacy.

Skills

TRID knowledge

Lending procedures

Regulatory knowledge

Organization & detail-oriented

Communication & sales skills

Tools

Encompass

Job description

JOB SUMMARY:

Responsible for performing initial appraisal of potential borrowers by thoroughly examining their applications; assessing the credit standings of applicants through background research; and interviewing applicants to evaluate their eligibility for loan or mortgage.

ESSENTIAL FUNCTIONS:

• Identify customer needs, explore all options, and suggest different types of loans. Review files for completeness and accuracy.
• Verify accuracy of system input.
• Analyze file for program applicability.
• Review necessary documentation, such as income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
• Follow up with clients to request additional documents as needed or to clarify important points.
• Provide status updates to loan officers, borrowers, and agents.
• Remain up to speed regarding lending and other financial services.
• Coordinate all aspects of submission to underwriting, documentation requests and satisfaction of closing/funding conditions. Coordinate closings as needed.
• Submit files in a timely manner in accordance with company standards.
• Review pre-audit HUD-1 to ensure accuracy. Work with loan officer and title companies to resolve any discrepancies prior to closing.
• Prioritize workflow to ensure time sensitive files are handled in proper order.
• Assure compliance with all regulatory and governmental standards, guidelines, rules and regulations with all regulatory authorities, federal or state ordinances and administrative regulations and statutes.
• Forge trust relationship and enhance customer dedication.
• Ensures confidentiality of bank and customer information.
• Performs other duties as assigned.

Preferred Skills:

• Preferably 5 years or more processing conventional, VA and FHA loans.
• Encompass experience preferred.

Requirements:

• Post TRID knowledge required.
• Comprehension of direct/indirect lending procedures.
• In-depth understanding of relevant rules and regulations.
• Strong organization skills and detail oriented.
• Excellent communication and sales skills.

Equal Opportunity Statement: Texana Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, or any other protected status under applicable law.

Position Type: Full-Time, Hourly Non-Exempt

Department: Mortgage Operations

Reports To: Mortgage Processing Manager

Salary Range: $26.44-$36.05 per hour

Texana Bank Mortgage

1680 Keller Parkway

Keller, Texas 76248