Senior Mortgage Processor
Tracking Code : 925-2
Job Description
CFB Loan Services is currently seeking experienced Mortgage Processors to start working in a fast-paced environment immediately. We offer a competitive base salary and bonus opportunity as well as a comprehensive benefits package. Qualified candidates will be responsible for processing Conventional, FHA and VA loans in accordance with company policies and procedures and investor guidelines.
The Mortgage Loan Processor will be responsible for the day-to-day operations of the mortgage loan process including:
* Loan file set up
* Submission of files through automated underwriting programs
* Supports loan originators in gathering appropriate financial documentation/verifications
* Review of completed documents/verifications
* Submission of loans to bank for final approval
* Primarily responsible for follow up on missing loan documentation requested from loan originators
* orders appraisals, credit reports, flood determinations and other documents as needed
* Primarily responsible for monitoring compliance with the regulatory and secondary market guidelines on all FNMA, Freddie Mac, VA, FHA investor and PMI loans
* Key liaison between originators, customers for loan status
* Responsible for tracking and maintaining records for the following loan fees: appraisal, credit reports, loan fees, origination fees, yield spread premiums
* Submits fees and bills to accounting department for reconciliation and payment
* Stays abreast of emerging changes in processing requirements and procedures
* Makes suggestions to CFBLS Peers for improvement of loan process
* Strong knowledge of new GFE 2010 requirements and disclosure protocol is a must
* Performs other tasks and duties as assigned.
Required Skills
Candidate should demonstrate experience with or the ability to quickly understand how to do all of the above tasks
Required Experience
* Five years experience in mortgage industry needed
* High school diploma or equivalent required; Bachelors degree preferred
* General knowledge of Fannie Mae and Freddie Mac guidelines and knowledge of VA and FHA essential
* Experience with DO/DU and Loan Processor Software program
* Working knowledge of Lender’s Office and DataTrac are a plus
* Working knowledge of DocMagic
* Must have a proven ability to work successfully under deadlines
* The ability to use independent judgement and be a multi-tasker is required
* Must be proficient with Microsoft Word and Excel
Benefits:
* Complete benefits package available including Health Insurance
* Dental
* STD/LTD
* And more!
Job Location : Marlton, NJ, US.
Position Type : Full-Time/Regular
Applications accepted through: August 1, 2010
Tags: loan processor job, mortgage, mortgage jobs, processing
