Mortgage Loan Processor II

Bank of Utah; United States; On-site; USD 52,000 - 76,000; Full time

Job summary

Bank of Utah seeks a Full-Time Mortgage Loan Processor II to support loan origination and processing from initial application to closing. You will work with loan officers to assemble and verify documents, ensure compliance, and coordinate closings in a fast-paced environment.

The role requires knowledge of FHA/VA/conventional programs, strong attention to detail, and the ability to manage deadlines while providing excellent customer service.

Qualifications

• Proven knowledge of FHA, VA, Conventional, Utah Housing and non-conforming loan programs.
• Ability to analyze IRS forms and schedules for cash flow.
• Familiarity with title commitments and resolving related issues.

Responsibilities

• Performs initial file setup and inputs application data into LOS.
• Prepares and sends initial application disclosures after LO approval.
• Analyzes documents to determine required items for borrower loan; procures missing items.
• Indexes borrower documents into LOS.
• Requests AUS when applicable and reviews feedback for alignment with documentation.
• Maintains loan files for regulatory compliance end-to-end.
• Accounts for receipts and expenditures on loan files.
• Learns and applies income and asset documentation standards.
• Verifies credit reports and collateral documents to verify loan viability.
• Coordinates title, appraisal, flood certification, and closing processes.

Skills

FHA/VA/Conventional loans

IRS forms knowledge

Title commitments familiarity

Communication skills

Time management

Customer service

Data entry accuracy

Education

High School Education

Tools

Mortgage loan software

Windows-based software

Job description

Thanks for your interest in applying to the Bank of Utah. My name is Angie Vause, and I work as VP Mortgage Processing Manager. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named S&P Global Top 20 Bank two years in a row and a Top 100 Fastest Growing Company.

Our Mission Statement:

We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.

Job Opening Details:

If our mission statement piques your interest, we encourage you to apply for the currently open position of Full-Time Mortgage Loan Processor II to work Monday - Friday. This Mortgage Loan Processor II assists Loan Officers/Originators in the origination/processing of mortgage loans. Maintains loan files to ensure files are in compliance and of investment quality. Coordinates loan closings. Assists in on the job training of Level I processors if a Level III processor is not available.

Qualifications:

• 1-3 years experience in Mortgage Loan Processing
• Good knowledge of FHA, VA, Conventional, Utah Housing and non-conforming loan programs
• Good knowledge of all IRS forms and schedules and can determine acceptable cash flow with little assistance
• Good knowledge of title commitments and can resolve associated problems therewith with little assistance
• Good verbal and written communication skills
• Detail oriented
• Able to submit files to underwriting with few conditions
• High School Education
• Experienced in Windows based software
• Experience with mortgage loan software programs
• Good interpersonal and customer service skills
• Time-management and organization skills
• Ability to work with strict deadlines
• Ability to explain technical concepts in simple terms
• Ability to work in fast-paced environment
• Willingness to learn new concepts to grow and advance

Regular Duties and Responsibilities:

• Performs initial file setup. If the file is not in LOS System, input the application information into the system.
• Prepares and sends initial application and disclosure package after L.O.’s approval. Very little assistance (VLA) needed.
• Analyzes initial paperwork to determine what items are needed to proceed with borrowers loan request. Procures missing items from the appropriate parties.
• Indexes all borrowers documents into the correct document types in the LOS System.
• Determines with Loan Officer/Originator (L.O.) when to request Automated Underwriting System (AUS) and requests AUS when applicable. Examines AUS feed back to ensure data coincides with documentation in file.
• Reviews, analyzes, monitors, and maintains loan files for regulatory compliance from beginning to end of loan process. (VLA) Prepares the proper forms and inputs correct information in the computer on all incomplete, withdrawn, denied, and approved but not accepted files. (VLA)
• Accounts for receipts and expenditures on all loan files.
• Keeps data in computer up to date on each loan file.
• Determines what documentation is acceptable to verify borrowers income. Obtains proper income documentation and examines it for accuracy and consistency. Fills out income worksheets. (VLA)
• Examines all applicable IRS forms and schedules to determine cash flow of self-employed borrowers with some assistance.
• Determines what documentation is acceptable to verify borrowers assets for down payment and closing costs. Obtains and analyzes proper asset documentation. (VLA)
• Determines what type of credit report to obtain to properly verify credit and liabilities of borrower. Obtains and analyzes proper credit documentation. (VLA)
• Orders and analyzes Title Commitment and ensures that any and all easements, exceptions, etc. can be properly dealt with. (VLA)
• Reviews purchase contracts and addendums to determine the structure of the sale. Verifies accuracy of numbers in LOS system.
• Orders and analyzes appraisal to determine if property is an acceptable risk. (VLA)
• Orders Flood Certification and reviews for accuracy. Provides Flood notice to borrower in a timely manner when required. Obtains flood insurance when applicable.
• Orders CAIVRS, IDV, GSA’s and LDP’s – if a borrower needs to be cleared, knows what action to take to determine if borrower can be cleared. May need some assistance.
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