Residential Mortgage Loan Processor

JOB DESCRIPTION

At AgGeorgia Farm Credit, we strive to build an inclusive team of employees and leverage our unique strengths. Become a part of our team today and grow with us! AgGeorgia Farm Credit prides itself to be a caring, family-oriented culture that promotes a positive work environment. If you are a highly motivated individual looking to serve the community you work in, check us out! The Loan Processor will work at any of our Georgia offices.

The Loan Processor will process mortgage loans by entering data from loan applications into bank-owned processing software and / or lender's software including Fannie Mae's Desktop Underwriter (DU), Freddie Mac's Loan Prospector (LP) or USDA's Guaranteed Underwriting System (GUS), as needed. Prepares and sends necessary disclosures for borrowers' signatures as needed; prepares and sends verifications of employment, assets, mortgage, etc., if applicable; orders credit reports, title work, survey, flood certificate, etc.

• Monitors all files in process and advises mortgage loan originator, borrowers, sellers, and real estate agents of progress of loan and what information or documentation remains outstanding.
• Reviews and analyzes documents for accuracy and compliance with investor guidelines and / or bank policies as they are collected. Identifies potential problems and discuss with mortgage loan originator and / or supervisor.
• Conducts preliminary review of loan file by verifying information including underwriting ratios, income, credit report and scores, appraisal and sales contract; package loan for underwriting and approval.
• Reviews all conditions on approved loans and gathers and submits all required items until "clear to close".
• Works with the closer and attorney / title agent to ensure all closing documents are issued timely and accurately, including the verification of all third party fees to ensure the borrower is charged properly on the final disclosure.
• Perform file completion by building loan file, opening mail, filing documentation, and auditing documents prior to transfer.
• Assist with pipeline management and the proper disposition of loan files including the issuing of loan denials and / or HMDA scrubbing and upload as needed.
• Any other tasks as assigned

Disburses mortgage loans as needed by issuing checks to members, realtors, and mortgage companies or other outside sources within rate lock expiration date and right of rescission confirmation dates; establishes escrow accounts and prepares and sends required documentation to secondary market investor as required.

Other Essential Functions :

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Authority :

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We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.