What are the responsibilities and job description for the Mortgage Loan Processor II position at Armed Forces Bank, N.A.?
Summary:
The Mortgage Loan Processor II is expected to process residential mortgage loans in adherence to product, investor, and agency guidelines, follow applicable laws and regulations, as well as company standards. Act as a liaison between loan officers, clients, and various departments throughout the company.
Principal Accountabilities:
- Process loan applications within designated time frames and update the loan origination system (LOS) daily to ensure accuracy of reporting and loan status.
- Gather necessary documents to process loans and perform an initial review to determine likelihood of approval by analyzing credit, capacity, and collateral to investor guidelines.
- Be proactive in contacting the necessary parties to obtain all needed information to ensure commitment and closing dates are met.
- Review residential loan documentation regarding borrower employment, assets, and liabilities to verify completeness, accuracy, and compliance.
- Request appraisals, title commitments, payoffs, inspections, mortgage insurance and other items through the appropriate vendors.
- Submit, review and/or analyze automated underwriting findings and documentation provided by borrowers.
- Accountable for delivering a complete file to underwriting and closing by ensuring all conditions are cleared in a timely manner.
- Assist Post Closing with investor conditions/stipulations to ensure timely loan purchase.
- Assist fellow team members, Loan Officers, Underwriters and Closers to ensure a smooth production flow of loans to our investors.
- Understands, embodies, communicates, and instills corporate initiatives and vision, including the Six Pillars of Success.
- Maintains client information in complete confidence.
- Completes other specified duties as assigned.
- Regular attendance required, working at the assigned worksite, or assigned remote location during regular business hours and/or assigned hours.
