Mortgage Loan Processor II

Premium Mortgage Corporation; Latham (NY); Hybrid; USD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Mortgage Loan Processor II to join their dynamic team. This role involves obtaining, processing, and reviewing loan documentation efficiently while adhering to established deadlines. Ideal candidates will have a strong background in mortgage processing, excellent customer service skills, and the ability to manage multiple tasks effectively. With a hybrid work model, you will enjoy a balance between office and remote work. This is a fantastic opportunity to grow your career in a supportive environment where your contributions will make a significant impact in the finance and banking sector.

Qualifications

• A college degree with two years of related experience is required.
• Previous experience in the mortgage industry with understanding of loan processing.

Responsibilities

• Process and review all loan documentation in compliance with deadlines.
• Work closely with Underwriting and Closing departments for timely processing.

Skills

Customer service skills

Time management skills

Written communication skills

Verbal communication skills

Team player

Multi-tasking

Detail oriented

Organizational skills

Problem solving skills

Independent Judgement

Education

College degree with two years related experience

Tools

Encompass software

Excel

Word

Computer

Phone

Printer/copier/fax machine

Job description

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The Processor obtains, processes, and reviews all required loan documentation in compliance with the company’s established deadlines.

Job Duties

The Processor will be responsible for completing the following job duties. This job description reflects management’s assignment of essential functions; and nothing in this herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

• Currently (or will be within the first year of hire) trained and approved to process the following loan types: Conventional, FHA, USDA, VA, Construction END loans, Jumbo, and Portfolio.
• Reviews all documentation necessary for Loan Approval for accuracy, completeness, and tracks all data in origination software (Encompass)
• Quickly and efficiently answers questions from consumer throughout the mortgage process
• Stays up to date on changing rules and regulations pertaining to Conventional, Government-insured mortgages, and all other products offered by Premium Mortgage.
• Processes verifications for credit items, including, but not limited to: Employment, Asset information, Rental history, Credit reports, etc.
• Works closely with Underwriting and Closing departments to ensure the timely processing and quality of loan file flow
• Review conditions and ensure Borrower(s) is providing the correct information needed to get their loan Cleared to close.
• Training as needed
  
  

The following qualification are required of the Processor.

Education

• A college degree with two years related experience and/or training. A combination of equivalent education and experience is acceptable.
  
  

Experience:

• Previous experience in the mortgage industry with understanding of loan processing
  
  

Skills:

• Customer service skills
• Time management skills
• Written communication skills
• Verbal communication skills
• Team player
• Multi-tasking
• Detail orientated
• Organizational skills
• Problem solving skills
• Independent Judgement
  
  

Equipment:

The following equipment is used daily by the Processor and provided by Premium Mortgage.

• Computer
• Phone
• Printer/copier/fax machine
• Excel and word programs
• Encompass software
  
  

Working Conditions:

The Processor is primarily in an office setting and maybe exposed to outdoor conditions. Premium Mortgage adheres to a hybrid work model with a requirement of 3 days in office.

The Working Conditions Are Classified As Sedentary Work

• Sedentary work - Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time.
  
  

Physical Requirements:

Requirements

The following is a description of the physical requirements on a daily basis for the Processor. While performing the duties of the job the employee is regularly expected to:

• Stand
• Sit
• Hear
• Walk
• Talk
• Stoop or kneel
• Repetitive motion
  
  

This is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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