Mortgage Loan Processor

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Job description

Before I go into what Alterra Home Loans is looking for you to offer, let me tell you a bit about what Alterra can offer YOU !

Outside of our competitive compensation, our company has some amazing benefits to offer to you, your family, and even your pets. . .

• Health Insurance; Medical, Dental, Vision.
• Supplemental Insurance; Accident, Critical Illness, Term Life, Legal & Identity.
• Pet Insurance.
• Company paid life insurance (up to $25,000) with additional buy-up options.
• 401k with company match
• 9 Paid Holidays
• 15 Day of Paid Time Off (PTO).
• Employee Assistance Program (EAP).
• Beautiful work location in a business casual environment.
• Down payment assistance on a home purchase, up to $10,000, after 1 year.

You think our benefits are good? Our company culture is even better! Now come on and check out this role, and I hope to see your resume!

Summary

Loan Processor provides professional support services to Loan Officer by assembling a completely documented residential mortgage loan file in preparation for submission of the file to the underwriting department.

Essential Duties and Responsibilities

• 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.

• Set up loan file in system

• Serve as a liaison between the customer, loan officer and underwriter

• Obtain needed documentation via, credit reports, appraisals and related information

• Review of all files to ensure RESPA compliance

• Order title work and review for accuracy and address any discrepancies

• Submits loan file for underwriting approval

• Maintain pipeline of loan files submitted for processing, approved and PTF conditions

Disclaimer: Job description is not a complete list of duties. The Loan Processor may and/or will be required to perform other functions as asked by management. The Loan Processor must be self - sufficient and show the initiative to self -educate in industry products and program guidelines.

Supervisory Responsibilities

This position has no supervisory responsibilities.

Qualifications

• One (1) to Three (3) years prior Loan Processing/ Jr. Processing or Loan Set up experience

• Experience in the mortgage industry preferred

• Ability to deliver effective results

• Reliable transportation, valid driver's license and current automotive insurance

• Sound judgment and decision making skills

• Ability to work under pressure and meet deadlines with minimal supervision

• Excellent service skills

Required Education and Experience

• High School Diploma or Equivalent

• Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines

• Knowledge of general federal and state mandated consumer disclosure requirements

• Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie mac Loan Prospector

• Proficient in data entry and management

Key Competencies

• Organizing and prioritizing

• Attention to detail and accuracy

• Confidentiality

• Judgment

• Good verbal and written communication skills

• Problem analysis and problem solving skills

• Ability to meet deadlines

Job Type: Full-time

Required education:

• High school or equivalent

Experience:

• Loan Processing: 1 year (Required)

Education:

• High school or equivalent (Required)