Loan Processor III - Mortgage Operations

GENERAL PURPOSE SUMMARY Processes mortgage loan applications according to investor guidelines and bank policy; identifies and assembles required supporting documentation ensuring accuracy and completeness of mortgage loan applications and answers questions regarding the loan process by performing the following essential duties and responsibilities: ESSENTIAL DUTIES AND RESPONSIBILITIES Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Reviews mortgage loan applications and supporting documentation received from department and branch mortgage loan originators confirming the most suitable loan program has been selected for the borrower, orders additional supporting documentation from borrower and other applicable parties required by investor guidelines and bank policy. Reviews and analyzes documentation for accuracy and compliance with investor guidelines and bank policy; prepares written analysis of income; identifies exceptions to investor guidelines and prepares summaries of compensating factors. Independently reviews and processes complex conventional and government-secured mortgage loans by utilizing online processing software programs, researches online investor guidelines to determine the most appropriate course of action. Assists originating and processing personnel with income analysis and investor guidelines/bank policy questions. Ensures completeness of applications and accuracy of supporting documentation by directly communicating with borrowers, sellers and real estate agents involved in the loan application process and keeps them, along with the originator, current on the progress. Prepares loan application files for closing by ordering closing documents and reviewing supporting documentation to identify anomalies. Performs other work-related duties as assigned supervisor. COMPLIANCE EXPECTATIONS Stay updated on relevant laws and regulations and complete all compliance training on time. Knowledgeable of and comply with bank policies, procedures, laws and regulations that apply to you and your job. Maintain customer confidence and protect the bank’s operations by you and your delegates by identifying and protecting confidential information.