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About the Role

A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System.

Responsibilities

• Verify the borrower's information by ordering credit reports.
• Verify employment with the employer.
• Review documentation provided by the borrower, title company, appraiser, and real estate agent to support employment, income, assets, net worth, willingness to pay, property appraisal, and property survey.
• Determine when the loan file is complete and ready for underwriting submission.
• Submit the loan file to underwriting for review.
• Coordinate the closing and funding of the loan with the loan closer, loan originator, title, escrow, and borrower.
• Accumulate any additional conditions required from the borrower for funding.

Requirements

• Excellent customer service skills.
• Effective communication skills, including written and verbal.
• Basic knowledge of lender’s and investor’s underwriting and program guidelines.
• Ability to prepare state and federally required disclosures.
• Ability to manage processing pipeline.
• Knowledge of basic underwriting guidelines to calculate income, assess adequate asset availability, review appraisal reports, and read title commitment/preliminary title reports.
• Ability to sit for extended periods while performing computer-based work.
• Frequent use of a computer, keyboard, mouse, and telephone throughout the workday.
• Ability to view and read information on computer screens and printed documents.
• Frequent verbal communication with employees, loan officers, customers, and third-party vendors via phone, video conference, and in person.
• Ability to hear and comprehend conversations in person and over the telephone.
• Occasionally stand, walk, bend, reach, stoop, and lift or carry office materials weighing up to 20 pounds.
• Ability to maintain concentration and attention to detail while performing repetitive administrative tasks in a fast-paced environment.
• Ability to work in a standard office environment with frequent interruptions and changing priorities.
• May occasionally be required to attend meetings or training sessions at other company locations.

Skills

• Customer service
• Communication (written and verbal)
• Mortgage loan processing
• Underwriting guidelines
• Disclosure preparation
• Pipeline management
• Income calculation
• Asset assessment
• Appraisal report review
• Title commitment review

Experience Level

• 2+ years experience Preferred

Benefits

• Accrued sick / vacation leave
• 10 paid holidays
• Medical with HSA and FSA options
• Dental
• Vision
• 401(k) with company match

About the Company

• Great Company Culture
• Top Workplaces 6 years in a row (2016, '17, '18, '19, '20 & '21)
• Company recently added to the Russell 2000 Index, attributing our strong growth