Mortgage Processor

Security National Financial Corporation; Austin (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

Security National Financial Corporation in Austin, TX is seeking a Mortgage Loan Processor to manage loan documentation, disclosures, appraisals, title work and escrow. The processor verifies data compiled by the loan originator in SNMC’s Loan Operating System and ensures files are complete before underwriting.

You will review loan packages, coordinate closing and funding with the loan closer, originator, title and borrower, and gather any conditions needed for funding.

Qualifications

• Excellent customer service.
• Strong written and verbal communication.
• Knowledge of lender/ investor underwriting guidelines.
• Ability to prepare disclosures.
• Ability to manage processing pipeline.
• 2+ years experience preferred.

Responsibilities

• Review the loan package.
• Accumulate any additional conditions for funding.
• Coordinate closing and funding with loan closer, originator, title, escrow, and borrower.
• Submit files to underwriting for review of documentation prepared by the processor.
• Prepare state and federally required disclosures and order appraisals and title work.

Skills

Customer service

Communication skills

Underwriting guidelines

Disclosure preparation

Processing pipeline

Experience 2+ years

Income calculation

Asset review

Title reports

Job description

What You'll Do

A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System.

Description

What You'll Do

A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System.

Essential Functions:

• Employment
• Income
• Assets
• Net worth
• Willingness to pay
• Property appraisal
• Property survey

In their final analysis of the loan, the Mortgage Loan Processor determines when the file is complete and ready for underwriting submission. The file is then submitted to the underwriting for underwriting of all the documentation prepared and reviewed by the processor.

• Review the loan package

Upon loan approval the Loan Processor will be responsible for coordinating the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower.

• Accumulate any additional conditions as required from the borrower for funding.

Requirements

What We'll Love About You

• Excellent customer service
• Effective communication skills including written and verbal
• Basic knowledge of lender’s and investor’s underwriting and program guidelines
• Ability to prepare state and federally required disclosures
• Ability to manage processing pipeline
• Knowledge of basic underwriting guidelines to calculate income, assess adequate asset availability, review appraisal report, read title commitment/preliminary title reports
• 2+ years experience Preferred

What You'll Love About Us

• Great Company Culture
• Top Workplaces 6 years in a row (2016,'17,'18,'19,'20 & '21)
• Going Places. Company recently added to the Russell 2000 Index, attributing our strong growth
• Rest and Relaxation. Accrued sick / vacation leave and 10 paid holidays
• Health Benefits. Medical with HSA and FSA options, dental, and vision
• Prepare for the Future. 401(k) with company match

Physical Requirements

• Ability to sit for extended periods while performing computer-based work.
• Frequent use of a computer, keyboard, mouse, and telephone throughout the workday.
• Ability to view and read information on computer screens and printed documents.
• Frequent verbal communication with employees, loan officers, customers, and third-party vendors via phone, video conference, and in person.
• Ability to hear and comprehend conversations in person and over the telephone.
• Occasionally stand, walk, bend, reach, stoop, and lift or carry office materials weighing up to 20 pounds (such as files, paper boxes, office supplies, or equipment).
• Ability to maintain concentration and attention to detail while performing repetitive administrative tasks in a fast-paced environment.
• Ability to work in a standard office environment with frequent interruptions and changing priorities.
• May occasionally be required to attend meetings or training sessions at other company locations.