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Mortgage Loan Processor

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Insight Global

2021-12-03 08:50:24

Job location Philadelphia, Pennsylvania, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

The Loan Processor is expected to perform a variety of loan documentation duties using comprehensive knowledge of policies and procedures for loan products.

  • Verifies, compiles, borrower's information for mortgage loans
  • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment
  • Orders all services for the loan (title, appraisal, homeowners, flood certs, 4506T, credit supplements, obtaining all information from FHA Connections & VA Portal)
  • Calculate income (fixed, salaried and self-employed) and review Assets (large deposits)
  • Submits mortgage loan file for underwriting approval
  • Works on obtaining conditions on the file in order to get file cleared
  • Works closely with Mortgage Loan Originators and their assistants to gather conditions from the borrowers

Job Type: Full-time

Schedule:

  • Monday to Friday

Experience:

  • Mortgage: 2 years (Required)
  • Loan Processing: 2 years (Required)
  • Mortgage Servicing: 2 years (Required)

Education:

  • Associate (Required)

Application Question:

  • Do you have knowledge of FHA Conventional VA and USDA?

Work Location:

  • One location

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