SWBC Mortgage Corporation · 4 hours ago
Loan Processing Specialist
SWBC Mortgage Corporation is seeking a talented individual to obtain, prepare and process all necessary documentation required for mortgage loan files through approval. The Loan Processing Specialist will ensure customer service standards are upheld while processing loans in compliance with bank and regulatory guidelines.
FinanceFinancial ServicesLending
Responsibilities
Prepares loan files that are semi-route in nature for loan submission to underwriting by inputting information into system, completing processing sheets, and prioritizing documents in the file, and preparing and mailing all required loan disclosures
Reviews and verifies each file to ensure all information is correct and current and normally receives general instructions on routine work and on new assignments
Orders credit reports, title commitments, surveys, and appraisals from the appropriate party and reviews for acceptability prior to submitting for approval
Acts as a liaison between customers and all parties involved in the transaction and communicates with customers if any items are needed for loan submission and keeps them posted on loan status
Submits files through automated underwriting for approval and completed loan packages to appropriate underwriter for final approval and validation
Prepares approved loans for closing and coordinates closing with lenders, borrowers and title companies to include the reconciliation of money collected and disbursed and the completion of data on the HMDA screen
Attends seminars, in-house training sessions, and/or reads mortgage publications to stay abreast of new loan product guidelines and processing procedures, including credit guidelines and underwriting requirements
Sends verification for deposits, employment, installment loans, mortgages and rentals, as required and participates in providing loan origination services as needed for customer call-ins
Requests additional information from title companies, builders, Realtors and others by phone, fax, or letter when needed and prepares and mails Adverse Action Notices and updates Loan Origination System (LOS)
Qualification
Required
High School Diploma or equivalency
Minimum of one to three (1 - 3) years of mortgage processing or two to three (2 - 3) years of clerical, administrative support, or related experience
State Licensing may be required by some states
Understanding of FNMA and Freddie MAC guidelines
Knowledge of VA and FHA preferred
Understanding of loan processing and closing policies, procedures, documents, underwriting requirements, governmental and agency requirements, terminology and automated processing systems
Understanding of credit policies and approval processes
Working knowledge of general office equipment
Strong analytical and problem solving skills
Good interpersonal skills to work well with loan officers and customers
Excellent verbal and written communication skills
Excellent organizational and time management skills
Able to manage multiple tasks/projects and deadlines simultaneously
Able to work well under pressure
Able to type at least 60 WPM accurately
Able to work under sometimes demanding conditions while maintaining professionalism and enthusiasm
Able to lift 10- 20 lbs. of files or other loan documents
Able to sit for long periods of time preparing and processing mortgage loan files
Benefits
Competitive overall compensation package
Work/Life balance
Employee engagement activities and recognition awards
Years of Service awards
Career enhancement and growth opportunities
Leadership Academy and Mentor Program
Continuing education and career certifications
Variety of healthcare coverage options
Traditional and Roth 401(k) retirement plans
Lucrative Wellness Program
Company
SWBC Mortgage Corporation
SWBC Mortgage helps homebuyers navigate the mortgage process with confidence.
Funding
Current Stage
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