Loan Processor 1 - Mortgage Administration

About this role

• **Primary Office Location:** ---------------------------- 1205 Westlake Dr Suite 260.
• Make a difference - for us and for your future.** ------------------------------------------------------------------ **Position Title:** Loan Processor - Mortgage Administration **Business Unit:** Mortgage Administration **Reports to:** Manager of Mortgage Processing **Position Overview:** This position is primarily responsible for gathering, organizing and processing residential mortgage loan documentation and establishing and maintaining loan documentation files.
• The incumbent functionally supports loan officers and staff, finalizes loan application packages and performs various administrative support duties.
• The incumbent provides the highest quality of service to every customer.
• **Primary 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.
• Collects and reviews 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.
• This communication pertains to the borrowers, settlement agents, insurance providers or any other resources necessary to perfect the loan file for submission.
• 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 to facilitate management and audit reviews.
• 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.
• Reviews any pertinent loan documentation or third party documentation to this end and indexes all accordingly.
• 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 to represent the company as a primary contact for the organization in order to ensure the timely completion of transactions.

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