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Mortgage Loan Processor

Company: Queensborough
Location: Savannah
Posted on: January 15, 2022

Job Description:

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

This is NOT a remote position, it would be located in Savannah, GA.

  • Accurately prepares and processes mortgage loan files. To accomplish this goal, processors need to review the borrowers credit, property, compensation, and employment stability to document applicants capacity and willingness to repay debt. Performing a final review of the file and preparing final submission documents for underwriting.
  • Contacts and follows up with borrowers by phone, mail or e-mail to communicate needed information for timely processing of loan request. Follow up with attorneys, insurance agents, realtors and other involved parties to obtain needed information for timely submission of the loan file. Maintains communication with loan officers on loan file statuses. Performs problem resolution when required.
  • Assists borrowers with the application process or status in the loan officers absence.
  • Processes loans in accordance with the Banks policies and procedures for processing, underwriting, and closing mortgage loans that are maintained in the Banks portfolio.
  • Participates in various training opportunities and maintains updated information provided by various sources to assure knowledge of the most current bank, investor and program guidelines.
  • Perform a thorough review of the underwriters approval letter to determine what is required to complete the processing and close the loan. Prepares the file for the closer. Assures all prior to closing conditions have been met. Assures all Calyx buckets are up-to-date and in order for accurate shipping of the file. (Ex: HMDA/UCD)
  • Provides backup for other processors for vacations, sick leave, etc.
  • Maintains and updates mortgage calendar with scheduled closings and works files according to scheduled dates. Advises MLOs and other parties when closing dates cannot be met.
  • Follow all Bank Secrecy Act policies and procedures in order to assist in detecting and preventing money laundering and other illegal activities being conducted through the company.
  • Submit bills for payment processing. (Ex: Appraisals)
  • Perform a final review of the file, which includes final figures, AUS and all other important information.
  • Perform other duties as assigned by supervisor.

    NON-ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.

    Maintain education and professional expertise through attendance at job related seminars, conferences, and workshops.

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Queensborough, Savannah , Mortgage Loan Processor, Other , Savannah, Georgia

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