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Mortgage Loan Processor

The Mortgage Loan Processor is primarily responsible for processing mortgage loans. This includes setting up and processing all types of mortgage loans, maintaining and transferring loans between computer systems, ordering required documents, and printing required loan documents. Review each loan document for completeness and accuracy.  
FLSA Status: Full-Time (Non-Exempt)
Reports to: Mortgage OPS Manager and/or Mortgage Branch Manager, VP/ AVP
Major Duties and Responsibilities:
  • Excellent customer service in person, by phone, and through mail
  • Knowledge of FHA, VA, USDA and Conventional underwriting guidelines and loan process
  • Ability to review AUS findings and guidelines prior to loan submission to confirm that application fits loan program applied for
  • Understand how to properly send disclosures to clients to be in compliance
  • Order needed services and verifications
  • Provide status updates to loan officer, applicant, Realtor, and title company
  • Maintains record of all loans in process and reviews status with originator regularly
  • Clear outstanding conditions and schedule loan for closing
  • Strong attention to detail and organizational skills
  • Work with minimal supervision and follow established procedures
  • Assists, when needed, with reports and procedures
  • Other projects and/ or duties as assigned
Position Requirements:
  • High School Diploma or equivalency
  • Minimum 5 years of experience in mortgage processing
  • Ability to read, write and communicate at a level consistent with the requirements of the position
  • Ability to present products and service information to members
  • Excellent communication and interpersonal skills are required. Must be able to communicate professionally and effectively, orally and in writing with borrowers, co-workers, and managers
  • Must possess a basic understanding of mortgage underwriting guidelines and credit analysis
  • Must have a working knowledge of federal lending regulations and RESPA requirement
  • Detail oriented with the ability to work with basic mathematical concepts such as percentages, ratios and fractions
  • Working knowledge of Point preferred
  • Working knowledge of Microsoft Word and Excel
  • Demonstrated ability to work effectively with co-workers in a team-environment
  • Ability to define and resolve problems
  • Ability to work effectively under strict time constraints, deadlines, and the flexibility to adapt to peak periods of heavy workload
Physical Demands and Work Environment:
The physical demands and work environment characteristics described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
  • While performing the duties of this job, the ability to stand and/or sit for long periods of time is regularly required.  Ability to talk, listen and see. The associate must occasionally reach with hands and arms; stoop, kneel, or crouch
  • The associate must occasionally lift and/or move up to 25 pounds, may also include lifting overhead
  • Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation
  • Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media
  • Moderate sound as in business office with office machines, computers, and people traffic
 Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state or local law.