Residential Mortgage Processor
Position Number: 63353 Posting Date: 2010 Jan 27
Location: USA - IL - Vernon Hills
Education: Refer to Position Description
Position Category: Wealth Management
Experience: Refer to Position Description
Position Type: Full-Time
Job Level: Non-Exempt
Position Description
Morgan Stanley Credit Corporation (MSCC) is a wholly owned subsidiary of Morgan Stanley, a global financial services firm with a leading market position in three primary businesses: asset management, credit services, and securities. MSCC has centralized its operations and is expanding its retail Mortgage Lending Division. We are looking for the best of the best to provide premier mortgage services to our clients. As part of Global Wealth Management Division (GWM), we have a partnership with Morgan Stanley’s retail brokerage network that provides a limitless proprietary source of inbound business.
If you have a passion for the mortgage business and are looking for a team atmosphere that encourages success and innovation, a healthy pipeline and a fast -paced environment, MSCC may have something to offer you.
Job Description:
Primary responsibility is to verify and validate customer stated information on the loan application including but not limited to income, assets, property value and ownership against supporting documents provided by the borrower and lender required reports/services. Position is also responsible for identifying and clearing any/all associated fraud alerts on borrower identity and subject collateral.
Skills Required
o Minimum 3 years experience processing residential mortgage loans
o Able to review, analyze and calculate qualifying income documentation from personal tax returns to more complex business returns
o Able to review and analyze property valuations
o Able to review and analyze assets and credit reports
o Able to review, analyze and clear title report findings
o Knowledge of DU, LP, MI and non conforming products/programs.
o Able to work in a paperless, automated and fast paced environment.
o Able to multi task to complete various tasks required
o Possess excellent verbal and written communication skills
o Team player and can work effectively with loan officers, underwriters, closers and field personnel.
o Computer savvy and knowledge of Microsoft applications preferred
Skills Desired
o DU/LP underwriting experience
o Processed loans for various states
o Organized and detail oriented individual
Tags: loan processor job, mortgage, mortgage jobs, processing
