MORTGAGE LOAN PROCESSOR - MYRTLE BEACH -ON-SITE

South Atlantic Bank; Myrtle Beach (SC); On-site; USD 42,000 - 62,000; Full time

Job summary

South Atlantic Bank in Myrtle Beach, SC is seeking a Mortgage Loan Processor to support loan officers and prepare files for underwriting and closing.

You will review files for program and regulatory compliance, order services, gather documentation, submit to underwriting, clear conditions, and coordinate settlements with borrowers and settlement agents.

Qualifications

• High school diploma or equivalent.
• Mortgage loan processing experience including government and agency loans.
• Ability to handle a high volume of work.

Responsibilities

• Process Conventional, FHA, VA, USDA and Construction Permanent loans.
• Coordinate with applicants to complete the application process and identify underwriting requirements.
• Gather and verify loan documents; order credit reports, appraisals, title work, and other items.
• Submit loans to underwriting systems and ensure timely closings.
• Maintain investor guidelines and assist training junior staff.
• Cross-train for additional duties as needed.

Skills

Mortgage loan processing

Detail orientation

Communication skills

Customer service

High-volume processing

Education

High school diploma or equivalent

Tools

Encompass

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Job Details

Job DetailsJob Location: Towne Centre - Myrtle Beach, SC 29579Position Type: Full TimeEducation Level: High SchoolTravel Percentage: NoneJob Shift: DayJob Category: Banking

JOB SUMMARY

Provides support to Mortgage Loan Officers and prepares the file for underwriting and closing. The Processor will review the file for compliance with program guidelines, regulatory compliance and required documentation. The Processor will order services, request documentation from borrowers, employers, depositories, etc., submit the file to underwriting, gather and clear conditions, and coordinate the closing with the borrower and settlement agent. The Processor will communicate with the borrower, realtor/builder, insurance agency, attorney, employer and depository regarding routine matters associated with the mortgage process. The Processor will not communicate with the borrowers concerning interest rates, fees, or qualification of the borrower for the loan product selected.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Toperformthisjobsuccessfully, anindividualmust beable toperform eachessentialdutysatisfactorily.Reasonableaccommodationsmay bemade toenableindividuals withdisabilities toperformthe essentialfunctions.

• Able to process all Conventional, FHA, VA, USDA and Construction Permanent loans
• Interacts with applicants to complete the application process and anticipate what conditions may be needed in underwriting status
• Works with all internal and external staff to ensure all necessary supporting loan documentation is obtained and accurate
• Ensures all loan conditions are met and can close within required time frames set by management
• Maintains and organizes current and required loan documents for all loan programs and investors as needed
• Independently processes complex mortgage loans (i.e. Self-Employed, Construction-Permanent, etc.)
• Orders credit reports, appraisals, title work, payoffs, Condo questionnaires and all condo documentation, 4506T’s, and validates social security numbers to SSA in addition to other submission tasks
• Submits loans to Desktop Originator, Desktop Underwriter, Loan Advisor, FHA Total and investor websites
• Sets up CIF before loan closes for all Secondary Marketing loans
• Orders appraisals using the Bank’s rotation list and procedures for appraisal independence
• Submit XML version of appraisals to UCDP
• Able to multi-task and prioritize while meeting processing and closing deadlines
• Uploads/ships closed loans to investor along with any additional documents necessary for the purchase of a loan in Staff Closer’s absence
• Complete/run DataVerify for compliance/underwriting and address any quality control alerts with applicant
• Complete Verbal Verification of Employment for each applicant prior to closing per underwriting guidelines
• Maintains and accesses all investor guidelines, laws, and regulations for processing tasks
• Responsible for training and providing guidance for entry-level mortgage staff
• Responsible for compliance within area of responsibility
• Able and willing to cross-train for other duties such as lock desk backup, GL’s, initial disclosures and booking loans
• Performs all other related duties as necessary

Qualifications

Required:

• High school diploma or equivalent
• Mortgage loan processing experience to include government and agency loans
• Ability to process a high volume of work

Preferred:

• Detail orientation, responsible and accurate
• Excellent communication and organizational skills
• Proficiency with keyboarding and PC including Microsoft Word, Excel, Outlook and Encompass as well as office equipment.
• Exemplary customer service skills, both verbal and written
• 4+ years of processing experience

AAP/EEO STATEMENT

This statement of policy reaffirms South Atlantic Bank’s policy of equal employment opportunity in employment, compensation, training, transfers, promotions and all other aspect of employment regardless of race, color, religion, national origin, age, sex, veteran status, physical or mental handicap/disability and to state that we do carry out this policy at South Atlantic Bank. This policy also applies to all company-sponsored activities such as educational programs, tuition aid and social and recreational activities.