What are the responsibilities and job description for the Mortgage Loan Processor-bilingual in English and Spanish. position at Capital Bank, N.A.?
About Us
Capital Bank N.A. is the fifth largest bank headquartered in Maryland, serving our communities since 1999. We offer commercial and consumer banking services to clients in the DC metro area, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states.
Come join a bank where our employees thrive and are engaged in meaningful work. For the third year in a row, American Banker named Capital Bank one of the "Best Banks to Work For" in the U.S.
Position Purpose
Capital Bank is looking for a Mortgage Loan Processor to join our team. The Mortgage Loan Processor works closely with loan originators to process mortgage loans in order to provide a seamless customer experience. The Mortgage Loan Processor's primary function is to ensure the timely and accurate submission of loans to Underwriting.
Position Responsibilities
- Gathers and analyzes documentation and other information to take each loan application from once setup to closing
- Contacts borrowers and referral sources as an introduction within 3 days (72 hours) of receipt
- Reviews all income documentation to ensure that is accurate and supports the guidelines in place for a specific loan product
- Reviews product guidelines to make sure that the loan fits and the necessary documentation is obtained, including :
- Verify 2 years of continued employment - document any gaps
- Review asset documentation
- Review credit report
- Review appraisal
- Review title work
- Review hazard insurance
- Obtain payoffs on refinances by contacting current mortgage holder
- Make sure all documentation is legible
- Obtain all required certifications from agent - termite, well, septic, etc. and review upon receipt. Actions as needed.
- Monitor daily closing schedule and make sure all loan are scheduled - if not scheduled notify Title Company, Agent and / or Loan Officer and schedule with closing department
- Submit loan to underwriting in appropriate file order
- Clear all Prior to Closing conditions. - Loans must be "clear to close" at least 48 hours prior to closing
- Advise borrower of loan decision and any required conditions
- Inputs proper loan information into Encompass so that data and supporting documentation are accurate.
- Contacts borrowers to obtain additional documentation as necessary to meet loan guidelines
- Follows Processing procedures as designated by Processing Manager
- Must meet crucial deadlines such as financing contingencies and closing dates
- Works with the MLO and / or LOA regarding missing / requested items
- Updates conversation logs in Encompass
Minimum Education & Experience
Preferred Skills & Qualifications
Working Arrangements
Compensation :
Why Join Us?
Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary : $26 - $36
