Mortgage Loan Processor

About the role

Our Processors evaluate all information supplied on the mortgage loan application, verify the validity of the information, and assemble a completely documented file to Underwriting and Closing. Processors are the primary liaison between the Branch, loan officer, loan officer assistant, realtors, builders and the customer(s).

*Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.

*Maintains and updates loan application information within loan origination software and other applications.

*As applicable, orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.

*Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.

• *Calculates income, reviews assets and liabilities.
• *Reviews all disclosures for completeness and compliance.
• *Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• *Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer.
• *May maintain accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• *May prepare, when applicable, "Declination Letters." Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• *May schedule closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.) Meets customer service standards as outlined by management.
• *May facilitate training of junior or newly hired processors regarding specific Prime operations including file flow, loan origination software, and other applications.
• *Updates loan officer, loan officer assistant, realtors, builders and customers on loan status.
• *Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• *Maintains a professional image and adheres to standards consistent with company policies and procedures.
• *Other duties as assigned.

Qualifications & Requirements

• *High school diploma or equivalent.
• *3+ years of Mortgage Processing experience
• *Interacts with regional & corporate departments, as well as realtors, sales agents, builders, appraisers, etc.
• *Demonstrated judgment and decision making ability. Excellent and effective presentation and communication skills, both verbal and written.
• *Ability to quickly assess and process large amounts of data and use of appropriate AU software technology.

PrimeLending continues to grow by leaps and bounds

• *Ranked #2 in Top 50 Best Companies to Work For by Mortgage Executive Magazine
• *Competitive Benefits and 401K match
• *Fantastic "One Team-One Purpose" Culture and Core Values
• *Ranked Top 6 Mortgage Lender in the Nation for Purchase business 3 years in a row as listed by Marketrac, 2012, 2013 & 2014
• *Hilltop Holdings (NYSE: HTH) -Our parent company was recently ranked No. 18 on Forbes' annual ranking of the 100 largest publicly-traded banks and thrifts.

What is unique for our Loan Processors?

*Dedicated Underwriting Team and Closing Team working closely and directly with Processing, maintaining best in class service and expertise

*Loan Setup Coordinators to open each file that is sent to processing and Closing Coordinators who will facilitate submissions to our closing department

*The chance to work in a fast paced environment and to help motivated borrowers who are looking to close quickly with superior customer service from application to funding