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Hancock Whitney · 4 months ago

Senior Mortgage Loan Processor- Bilingual (English/Spanish)

Covington Ops Center - Covington, LA

Full-time

Onsite

Mid, Senior Level

4+ years exp

Hancock Whitney is a financial institution looking for a Senior Mortgage Loan Processor who is bilingual in English and Spanish. The role involves verifying mortgage documentation, ensuring compliance with underwriting standards, and preparing loan packages for final approval.

BankingFinancial Services

Responsibilities

Reviews and inputs incoming documents (i.e. VOE, VOD, credit, etc.) into Mortgage Loan Operating System (LOS)

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

Reruns Automated Underwriting System (AUS) to ensure same automated decision is applicable

Recommends that loan not meeting standards be denied

Calls specified companies to obtain property abstract, survey, and appraisal if needed

Determines if appraisal is to be ordered and what type

Reviews appraisal for errors and meets underwriting criteria and notifies lender of any discrepancies

Informs supervisor of discrepancies in title or survey

Assembles file in electronic imaging system and reviews for completeness and accuracy

Notes the estimated closing date and type of transaction

Reads notepad for pertinent information not obvious in file, identifies missing items and notifies appropriate party

Orders updates to credit report

Requests needed documentation not previously requested

Reconciles LOS and AUS

Gathers all required documentation prior to closing and resubmits for final approval

Submits mortgage loan application file for underwriting approval

Orders flood determination

Types and mails approval and denial letters to applicants

Confirms closing date and location of closing

Sends out construction package if necessary to branch lenders

Prepares closing sheet and sends file to closing department for settlement

Notates denial or withdrawal status in LOS and prints appropriate package

Submits denied files to underwriting for review and signatures

Reconciles fees to determine if funds are missing

Records data on status of loans, including number of new applications and loans approved, canceled, or denied

Qualification

Mortgage Loan ProcessingBilingual (English/Spanish)Automated Underwriting SystemMortgage Loan Operating SystemAttention to Detail

Required

High school diploma or general education degree (GED) and four to six years related experience and/or training; or equivalent combination of education and experience