Mortgage Loan Processor

$26 - $46/Yr

First National Bank (FNB Corp.) - Independence, OH

Full-time

Remote - Independence, OH

Funds, Trusts, and Other Financial Vehicles

About the position

This position is responsible for processing residential mortgage loan documentation while providing highest quality of service. Additionally, assists with pipeline management and escalations. The incumbent functionally supports Sales & Operations, finalizing loan application packages and performing various administrative support duties for all conventional and government loan programs offered at FNB.

Responsibilities

• Processes residential mortgage loan applications by identifying and gathering required documentation from Mortgage Loan Officers and Borrowers.
• Enters data into the Loan Origination System (LOS) and ensures appropriate documentation and data entry occur in order to ensure an accurate underwriting determination in an accurate and timely manner.
• Reviews collecting sales contracts, credit reports, Internal Revenue Service (IRS) returns, construction plans and specifications, appraisals, title commitments, flood certificates, etc. according to established policies and procedures.
• Properly indexes all received documentation in the imaging system.
• Orders and reviews any verifications, re-verifications, insurance commitments as required.
• Functionally supports loan officers by facilitating the exchange of information necessary to complete loan transactions.
• Maintains communication with underwriters to identify and facilitate condition clearance.
• Documents all communication and loan milestone detail in the notes section of the loan origination system.
• Ensures a well documented, easy to review loan history so as to ensure the loan file demonstrates the accurate transaction history.
• Escalates issues as necessary to the appropriate source for an accurate resolution.
• Performs an initial review of documentation to troubleshoot for any potential issues that might jeopardize loan approvals.
• Establishes partnerships with loan officers and operations partners in order to facilitate mortgage loan origination.
• Acts as a liaison for the field within operations and externally with vendors and borrowers.
• Maintains an understanding of compliance and regulatory risk relevant to processing mortgage loan applications.
• Assists Manager of Mortgage Loan Processing with pipeline management tasks and escalations.
• Coaches and mentors team members, as needed.
• Performs other related duties and projects as assigned.

Requirements

• High School or GED
• 5 years of experience in mortgage processing
• Excellent organizational, analytical and interpersonal skills
• Excellent communication skills, both written and verbal
• Detail-oriented
• Ability to work and multi-task in a fast paced environment
• Ability to use a personal computer and job-related software
• MS Word - Basic Level
• MS Excel - Intermediate Level
• MS PowerPoint - Basic Level
• Knowledge of compliance issues, secondary market and job-related policies and procedures.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Flexible spending accounts
• Health savings account
• 401(k)
• Paid time off, including sick time, vacation time, and paid holidays
• Other voluntary benefits