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Farm Bureau Bank · 10 hours ago

Mortgage Loan Processor

San Antonio, TX

Full-time

Hybrid

Entry, Mid Level

2+ years exp

Farm Bureau Bank is dedicated to supporting rural communities through financial services. The Mortgage Loan Processor will help build the mortgage division by reviewing loan applications, ensuring compliance with guidelines, and coordinating necessary documentation for successful loan processing.

BankingFinanceFinancial Services

Responsibilities

Help build the Farm Bureau Mortgage division

Receive loan applications and review documents to ensure all necessary forms have been completed and comply with Underwriting, and Secondary Market Guidelines

Make Suggestions with alternative methods to obtain satisfactory documentation when necessary

Responsible for ordering title work, hazard insurance and appraisals. Track and monitor orders and understand appraisal timelines to complete the file

Verify credit report, income, assets, and orders preliminary title report, appraisal, fee instructions, and all verifications necessary to complete the loan file

Review and evaluate all documents, including tax returns using judgment to ensure loan falls within guidelines per loan program

Determines allowable income to be used for loan calculations that comply with underwriting guidelines, including complex personal and business tax returns

Package and submit files to lender, per originators initial set up/direction and to lender’s specific process

Manage any funding conditions, including coordinating any forms for audit/compliance packaging post-closing

Coordinate all post approval changes, disclosures and forms as needed. Process the CD and closing requests/doc orders. Collaborate with escrow/title and lender to ensure accurate closing details

Coordinate all 3rd party lender conditions/requirements. Such conditions include escrow/title related, appraisal, Verifications, supplements, established insurances, etc

Communicate with borrowers, and authorized team members to satisfy loan conditions as well as the status of the loan application

Ensures all loans are in compliance with the Bank’s guidelines and external State and Federal regulations (i.e. USPAP, HMDA, RESPA, FNMA, FHLMC, and Fair Lending)

Qualification

Loan Processing experienceMortgage products knowledgeFederal Regulations knowledgeBasic underwriting skillsMortgage terminologyCommunication skillsAttention to detailOrganizational skills

Required

Must have a high school diploma or equivalent

Must have two (2) years Loan Processing experience with mortgage products, including conventional, FHA, VA, and USDA loans

Thorough knowledge of mortgage processing, basic underwriting skills, loan documents, insurance requirements, mortgage terminology and departmental procedure

Thorough knowledge of Federal Regulations and regulatory agencies such as USPAP, HMDS, RESPA, FNMA, FHLMC, VA RD and Fair Lending

Ability to maintain a tickler system