Mortgage Processor

Bell Mortgage; St. Louis (MO); On-site; USD 48,000 - 70,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Employee stock ownership plan

401(k) contribution

Profit-sharing plan

Job summary

Bell Bank Mortgage is hiring a Mortgage Loan Processor to handle loans from receipt through closing. You will review applications, gather documents, order verifications, and ensure compliance with investor guidelines.

The role requires 2–4 years of processing experience, strong attention to detail, and solid communication with borrowers and internal teams. Bell Bank offers a supportive environment and comprehensive benefits.

Qualifications

• 2-4 years of mortgage loan processing experience.
• Full understanding of FHA/VA, FNMA, FHLMC guidelines.
• Proficient computer and accurate typing skills.

Responsibilities

• Review all new loan applications within 72 hours of receipt to ensure compliance with guidelines.
• Prepare final loan package for closing and final approval.
• Serve as the contact for borrowers, sellers, and agents to resolve problems.

Skills

Mortgage processing

Attention to detail

Communication skills

Time management

Education

HS diploma or GED

Tools

Mortgage software

Job description

This position processes all mortgage loans assigned from the loan officers or supervisors by performing the following essential duties and responsibilities.

• Review all new loan applications within 72 hours of receipt of file to ensure compliance with all investor agency/federal compliance guidelines.
• Update loan files, the mortgage computer system, and the tracking system as information is received; prepare final loan package for closing and final approval.
• Determine information needed from customers to successfully process the loan, obtain credit reports, order appraisals, title binders, surveys and tax transcripts; mail verification of deposit, verification of employment, and verification of mortgage forms, and update loan files and tracking systems when forms are returned.
• Review and analyze credit documents for accuracy and compliance with investor/ agency guides. Identify potential problems and discusses them with loan officer and/or supervisor.
• Serve as the contact for borrowers, sellers, and agents involved in loan file, notifying and working with them to resolve any problems that may arise.
• Submit the loan file directly to the underwriting department without prior review from supervisor. If necessary prepare cover letter highlighting compensating factors. Follow up on all outstanding underwriting conditions and resubmit as needed.
• Provide calculation of borrower’s income according to investor/agency guides, including but not limited to borrowers with multiple sources of income.
• Follow and monitor the schedule of closing with title companies.
• Prepare loan file for closing, hazard insurance binder, H06 for condominiums and PUDs, complete TRID checklist.
• Final HUD review.
• Update loan officers with current file status weekly.
• Assist post-closing with any investor pend issues.
• Remain informed of all aspects of investor/agency/compliance policies that affect the processing of mortgage loans.
• Remain knowledgeable of all loan programs offered.
• Respond in a timely manner to quality control inquiries/exceptions on all audit reviews.

Bell Bank Culture, Policy and Accountability Standards

• Know and live Bell Bank’s values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
• Prompt and reliable attendance.
• Perform other duties as assigned.

Education, Experience, and Other Expectations

• H.S. Diploma or General Education Degree (GED)
• 2-4 years of mortgage loan processing experience.

Knowledge, Skills, and Abilities

• Full understanding of FHA/VA, FNMA, FHLMC, FDIC Compliance, ATR/QM, mortgage audit underwriting, appraisal and investor guidelines.
• Proficient computer and accurate typing skills.
• Ability to function efficiently and effectively under deadlines and stress while maintaining a professional and mature profile.
• Ability to manage time, prioritize and multi-task.
• Ability to work extremely well with internal and external customers using excellent written and oral communication skills.
• Detail oriented with the ability to put puzzle pieces together.
• Ability to work well with people with diversified personalities.
• Ability to work as a team member.
• Self-motivated to research and problem solve.

Company Information

If you love sales and are passionate about helping others purchase their dream home, consider a career with Bell Bank's mortgage team. You will work with colleagues in a first class culture that provides a family atmosphere, enjoy great benefits and provides a high level of service that makes each mortgage run smoothly -- by sending closing packages five days before the closing, in-house underwriting and processing and having a support team to allow you to work efficiently.

Bell Bank Mortgage is backed by the financial strength of one of the nation's largest independently owned banks. Founded in 1966 in Fargo, North Dakota, Bell Bank has more than $14 billion in assets and full-service banking locations in Arizona, Minnesota and North Dakota. Bell has empowered more than $30 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need.

Originally founded in 1880 by early Minneapolis civic leader David C. Bell, Bell's mortgage division today has thousands of family mortgages to its name. Bell Bank Mortgage has been in Arizona since 1997 and has several regional offices in the United States.

Bell Bank has been recognized as a top bank and a top financial workplace by American Banker, Forbes and Fortune, and has been named among America's top mortgage employers by National Mortgage Professional magazine.

If you want to work for a strong, growing, forward-looking organization with world-class employees, this is the place for you.

Bell's Values:

• Promoting and sustaining our family atmosphere.
• Providing unequaled personal service to each and every customer.
• Paying it forward.

In addition to salary, Bell Bank offers a comprehensive benefits package.

• healthcare (medical, dental, vision)
• employee stock ownership program
• 401(k) contribution
• profit-sharing plan

All benefits are subject to eligibility requirements.

Bell Bank

Equal Opportunity Employer