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Central Bank · 18 hours ago

Sr. Mortgage Loan Processor

Jefferson City, MO

Part-time

Hybrid

Mid, Senior Level

3+ years exp

Central Bank is seeking a Sr. Mortgage Loan Processor who will provide highly skilled professional assistance in the processing of residential mortgage loans. The role involves ensuring all documentation meets quality standards, compliance with regulations, and supporting the training of junior staff.

FinanceFinancial Services

Responsibilities

Provides highly skilled professional assistance in the processing of residential mortgage loans

Identifies and analyzes all required documentation required to facilitate mortgage loan approvals from Mortgage investors and underwriters

Able to accurately spread and calculate self-employed income from tax returns including personal, corporate or business returns

Ensures that all credit packages meet quality standards for completeness, accuracy and timelines established for the loan type

Prepares the loan file for submission to underwriting and includes required documentation and figures for the mortgage loan closer to prepare the required closing disclosure

Ensures that all credit packages comply with regulatory requirements and corporate guidelines

Supports and upholds credit policy and all Federal and State Lending Regulations

Will assist and actively participate in training a Mortgage Loan Assistant if one has been assigned

Solid knowledge of FNMA, FHLMC, FHA, USDA, and VA

Knowledge of State sponsored down-payment and other assistance programs

Basic PC knowledge and skills, basic math ability, basic accounting and bookkeeping skills

Ability to use a financial calculator

Must be detail oriented and possess solid organizational and time management skills

Must be able to work independently and handle multiple priorities under pressure of deadline and time restraints

Promotes teamwork within the department and other departments

Reviews file when received and orders all appropriate documents including credit report updates, title work, appraisal, final inspections, hazard insurance, flood certification and flood insurance if required

Ensures that all hazard insurance and flood insurance meets investor requirements prior to the loan closing

Ensures accuracy by reviewing and analyzing all aspects of the mortgage credit package including but not limited to: accuracy of file input, timely delivery of required application disclosures, title policy, assets and asset documentation, income figures and income documentation including personal and corporate tax returns, credit report/credit documentation and appraisal review

Successfully documents mortgage loan file within Encompass processing system as required

Completion of required tracking fields are to be completed prior to submission to underwriting

Ensures legal/regulatory procedures are followed and compliance practices meet all Federal and State standards with a strong emphasis and understanding of HMDA and TRID

Ability to run appropriate AUS on each file, verify and validate AUS findings and document file accordingly

Able to interface effectively and professionally with applicants/borrowers, realtors, builders, appraisers, title companies and others in department to insure efficient and timely workflow and perform related duties as required

Provide quality customer service by answering questions for external and internal customers in a timely and professional manner

Prepares a complete and concise loan file with timely submission to underwriting and closing in order to meet scheduled contract or other predetermined deadlines

Ensures that all conditions have or will be met prior to providing the file to the closing department for preparation of closing documents

Maintains and enhances personal knowledge of products and services as well as the laws, regulation and internal policies and procedures appropriate to the position

Identifies problems and develops procedures to resolve or correct the situation; monitors and measures the results

Provides excellent customer service and solves customer related problems quickly

Provides appropriate documentation to closing department for payment of file related expenses

Promptly forwards all bills/invoices, etc. for approval and payment

Ability to incur expenses is limited to the costs necessitated during the processing of the loan

Qualification

Mortgage processing experienceFNMAFHLMCFHAUSDAVAEncompass loan processing systemLoan documentation policiesCustomer service skillsAttention to detailVerbal communication skillsWritten communication skillsOrganizational skillsTime management skills