Mortgage - Processor

Paramount Residential Mortgage Group Inc. (PRMG Inc.); Lexington (SC); On-site; USD 43,200 - 52,800; Full time

Job summary

Paramount Residential Mortgage Group Inc. (PRMG Inc.) is looking for a Processor in Lexington, South Carolina. The successful candidate will create fans among customers while processing loans according to company policies.

Responsibilities include verifying loan applications, ordering necessary documents, and submitting files for underwriting approval. The role requires a high school diploma and two years of processing experience. A salary of $48,000 per year is offered, and no travel is required.

Qualifications

• Two or more years of loan processing experience required.
• Xinnix Training completion with a mentor assigned by the branch.

Responsibilities

• Verifies application information for mortgage loans.
• Reviews loan applications for completeness.
• Orders verifications to verify accuracy of loan applications.
• Submits mortgage loan application file for underwriting approval.

Skills

Customer service resolution

Problem-solving

Confidentiality

Communication skills

Organizational skills

Education

High School Diploma or equivalent

Job description

Overview

As a processor, your goal is to create raving fans of your customers which are the borrowers, sales, and underwriting staff. You will process loans in accordance with company policies and procedures. At PRMG, we make it our mission to place individuals in a job capacity that compliments their skill sets and strengths that allows for personal growth and future career advancement. We believe in cultivating a family like work environment where our company culture is known for its casual, yet professional, team‑oriented setting and most importantly we value work life balance.

Responsibilities

• Verifies, compiles, and inputs/updates application information for mortgage loans
• Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type, and amount of mortgage applied for including but not limited to borrower credit, assets, liabilities, and length of employment
• Recommends that loan not meeting standards be denied or restructured
• Is able to run AUS after application data is confirmed to be accurate and meets guidelines
• Is able to order verifications (income, assets, credit, liabilities) to verify accuracy of information stated on loan application
• Is able to complete and generate various loan application forms/disclosures for borrowers
• Is able to order title work, insurance, condo docs for approval, appraisals, and any other property related items required for the loan
• Is able to perform necessary follow up on any items required for the loan in a timely manner (i.e. title, insurance, appraisal, loan conditions from borrower, etc.)
• Informs supervisor and/or Loan Originator of discrepancies on any loan documentation provided or ordered
• Submits mortgage loan application file for underwriting approval
• Types and emails/mails approval and denial letters to applicants
• Submits approved mortgage loan file to closing departments and closing settlement agent/attorney for settlement
• Uses all required Checklists for Underwriting and Closing Departments
• Keeps records/logs/pipeline report on status of branch loans assigned to their queue, including number of new applications and loans approved, canceled, or denied
• Is able to communicate effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan Approval
• Performs other related duties as assigned
• Submits conditions to Underwriter
• Oversees Jr Loan Processor's duties if applicable to branch

Qualifications

• Two or more years of loan processing experience or
• Xinnix Training completion for Processing required AND Processing mentor assigned by branch with 2+ years active processing experience

Skills

• Ability to make sound judgments regarding the resolution of customer service issues
• Ability to problem‑solve and exercise independent judgment while displaying a high degree of initiative
• Ability to handle detailed assignments and maintain confidentiality
• Excellent communication and interpersonal skills
• Organizational skills necessary to prioritize workload

Education

• High School Diploma or equivalent

Travel

• None

EEO Statement

At PRMG, we not only celebrate and support differences, we thrive on it for the benefit of our employees, our products, and our community. We are proud to be a workplace that provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Salary

USD $48,000.00 per year (minimum and maximum)