Free Classified Ads in US on Craigslist Categories & Regions
[Close] 

Mortgage Loan Processor buy in US, Free Classifieds Ads

Description

Position Overview:

The Mortgage Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and ordering third party documentation by communicating directly with the customer and/or loan officer in a professional and effective manner. The Mortgage Loan Processor provides proper disclosures when required by applicable local, state, and federal regulations.

Responsibilities:

  • Perform a thorough review and analysis of borrower s credit, employment, income and assets as required by the particular loan program before submitting to underwriting
  • Assemble the complete loan package in proper order for underwriting:
    • Verify all required documentation (pre-underwrite) in the file;
    • Complete the required loan checklist;
    • Verify that an application is complete and accurate; and
    • Identify any potential issues that may arise in underwriting
  • Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on those documents. Communicate directly with the Loan Originator, customer, and underwriter to obtain initial and any missing documentation required to qualify for the loan
  • Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures
  • Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information
  • Verify that vendor orders are complete, invoices received, and in the applicant s efile.
  • Manage pipeline by completing and submitting reports within allotted turn-around times.
  • Assist set-up of loans
  • Document all communication related to the loan application in the conversation log.
  • Train and help supervise new loan processors and other processing personnel
  • Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from
classifon.net - Free Classified Ads in US on Craigslist