Mortgage Loan Processor (Full-Time)

About the position

This position is responsible for assisting Mortgage Loan Officers with CIBM Mortgage products and Processing mortgage loan files in preparation for underwriting and or closing.

Responsibilities

• Daily utilization of loan origination systems and automated underwriting systems 'DU/LP'
• Maintaining proper expectations with all parties on the loan file work within timelines
• Analyzing package for completeness to ensure loan file meets investor guidelines
• Analyzing credit, income, asset and collateral documents and submit files to underwriting
• Clearing loan conditions and communicating effectively with Sales, Mortgage Loan Officer’s assistants and Underwriting team
• Professionally and promptly collecting Documentation outstanding from Clients
• Reviewing and analyzing title for all requirements and address issues, insurance coverage for mortgagee
• Maintaining loan file compliance while managing pipeline as various volume levels
• Working effectively under specific time constraints and meet end-of-month deadlines
• Working in a paperless environment
• Reviewing, analyzing, and submitting loan documents to Underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality
• Scheduling and tracking of closing dates, contingency dates and loan lock expiration's
• Reviewing loan approvals and address all conditions required for underwriting and closing
• Preparing and submitting timely and accurate loan files to the Closing Department
• Providing top-class customer service and respectful, consultative guidance to clients
• Staying abreast of bank policies and procedures by attending and successfully completing all mandatory corporate and departmental training
• Other duties as assigned

Requirements

• High school diploma required
• Four years or more of recent residential mortgage processing experience
• Knowledge of agency loan programs, investor loan programs, and underwriting criteria for government and conventional offerings
• Skills and abilities sufficient to perform the essential functions such as typing, data input, attention to detail, customer service, basic mathematical calculations, organization, and communication skills
• Proficiency in using computer software for typical office applications and employment-related functions

Nice-to-haves

• Experience processing FHA and VA loans is strongly preferred
• Experience managing a pipeline of 45+ refinance or purchase loans
• Proficiency with Empower loan origination software preferable not required
• Ability to calculate income, including self-employed
• Excellent interpersonal, communication, and time management skills
• Ability to operate effectively & efficiently in high-pressure situations
• Ability to work well in a team environment, a team-player
• All applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods
• Ability to multi-task with strong attention to detail while meeting deadlines in a fast-paced environment
• Strong listening, problem solving skills and out of box thinking