Job Snapshot Location: Henderson, NV 89014
Employee Type: Full-Time Employee
Industry: Banking - Financial Services, Mortgage
Manages Others: No
Job Type: Banking
Education: High School
Experience: At least 5 year(s)
Travel: None
Relocation Covered: No
Posted: 11/16/2008
Description
The Loan Processor serves customers by processing mortgage loans from application to closing. Responsible for maintaining open lines of communication with loan officers, staff, closing agents, builders, realtors and customers. The Loan Processor prepares files for underwriting and audits loan documents processed in accordance with state, federal and Investor guidelines.
Essential Duties and Responsibilities:
- Review loan files.
- Order credit reports as needed and order appraisals.
- Send out verification forms as required.
- Calculate debt-to-income and loan-to-value ratios.
- Coordinate conditions with loan officers, realtors, builders, escrow agents, etc.
- Audit files and applications submitted by loan officer for completeness and validity.
- Review loan document package to ensure all required documents have been returned and are compliant with state and federal regulations and investor guidelines.
- Conduct regular follow ups with outside sources for outstanding documents.
- Maintain communication with applicants throughout the processing period, assisting them with any questions and notifying them of any additional information required.
- Gather, document and verify that all required due diligence for each processed loan meets guidelines.
- Monitor status of loans in process.
- Works with Funder/Closer as needed.
- Recognize and prevent all exposure to fraud.
- Handle confidential information with discretion.
Assist Receptionist with overflow calls and monitoring front desk during scheduled breaks and when requested.
Additional Duties and Responsibilities:
Accomplishes all tasks as appropriately assigned or requested.
Requirements
Experience, Competencies and Education:
High school education required. Bachelor’s degree, Associate’s degree or equivalent strongly preferred. Minimum 5 years processing experience with Realtor and Builder business. Knowledge of FHA, VA and basic laws applicable to mortgage lending required.
Knowledge of a variety of computer software applications in word processing, spreadsheets, database and presentation software including, but not limited to, Microsoft Office Suite (MSWord, Excel, Access, PowerPoint). Knowledge of Calyx Point or equivalent Loan Origination system as well as knowledge of Data Trac or equivalent system required.
High level of interpersonal skills to interact with the public in a courteous and professional manner. Ability to perform excellent customer service. Must demonstrate effective oral and written communication skills and the ability to work cooperatively with staff inside and outside of the department.
Continual attention to detail in processing loans to meet Investor guidelines, establishing priorities and meeting deadlines.
Ability to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands.
Language Skills:
Excellent verbal and written communication skills required.
Tags: loan processing, loan processor job, mortgage, mortgage jobs
