Mortgage - Processor

About the position

As a Mortgage Processor at Paramount Residential Mortgage Group (PRMG), you will play a crucial role in ensuring a smooth loan processing experience for borrowers, sales, and underwriting staff. Your primary responsibility will be to process mortgage loans in accordance with company policies and procedures, while striving to create exceptional customer experiences. PRMG values personal growth, work-life balance, and a supportive team-oriented environment, making it an ideal place for passionate individuals looking to advance their careers.

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.
• Recommends that loans not meeting standards be denied or restructured.
• Runs AUS after application data is confirmed to be accurate and meets guidelines.
• Orders verifications (income, assets, credit, liabilities) to verify accuracy of information stated on loan application.
• Completes and generates various loan application forms/disclosures for borrowers.
• Orders title work, insurance, condo docs for approval, appraisals, and any other property-related items required for the loan.
• Performs necessary follow-up on any items required for the loan in a timely manner.
• 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.
• Communicates effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan Approval.
• Submits conditions to Underwriter.
• Oversees Jr Loan Processor's duties if applicable to branch.

Requirements

• High school diploma or GED required.
• Two or more years of loan processing experience or Xinnix Training completion for Processing required.
• 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.
• Excellent communication and interpersonal skills.
• Organizational skills necessary to prioritize workload.

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Vision insurance
• Employee discount programs