Loan Processor

JOB TITLE: Mortgage Processor

PURPOSE: Perform administrative duties related to the processing and servicing of mortgage loans presented by brokers and correspondent lenders.

ESSENTIAL POSITION RESPONSIBILITIES

• Mortgage Loans
• Communicates with, sets up loans in Mortgagebot and provides documents to mortgage brokers for pending loan files.
• Commitment letters
• Prepare letters and forward to customers within prescribed timeframe
• Verify Syracuse Securities commitment letters

• Responsible for verifying on all broker loans:
• Income to debt ratios
• Cash needed to close
• Credit report/credit report scores

• Appraisals - for all loans (Geddes and Brokers) o Appraised value/loan to value
• Order, copy and deposit appraisals
• Review appraisals

• Mortgage Rates
• Monitor area bank interest rates
• Post rates daily in Mortgage Bot
• Forward externally to brokers
• Create weekly special notification
• Update Rate Seeker weekly

• Forward rate changes to Compliance weekly
• To be uploaded to website

• Administrative
• Update loan approvals on Mortgage Bot
• Loan List weekly for the Board Meeting
• Rate shop interest rate list

• Clear to close letters on approved loans
• Track expired commitment letters
• Forward to originator

• Annual Reporting
• Zip code census tract report
• Purge declined/withdrawn files annually

• Audit closed files
• Complete check list on closed files

Requirements

• Must comply with all requirements of the Bank Secrecy Act
• Maintains confidentiality to protect the customer and the financial institution
• Promotes business for the Association by maintaining good customer relations
• Provides courteous, efficient and friendly service to all customers and staff
• Attends seminars and meetings as appropriate
• Additional responsibilities as assigned by Supervisor

EEOC

Geddes Federal Savings and Loan Association is an Equal Opportunity Employer. We consider all applicants for all positions without regard to race, religion, creed, color, sex, age, national origin, disability, sexual orientation, gender identity or expression, transgender status, gender dysphoria, marital or family status, pregnancy, military/veteran status, genetic information including predisposing genetic characteristics or carrier status, arrest or conviction record, domestic violence victim status, or any other protected class or status, in accordance with applicable federal, state, and local regulations.

Job Type: Full-time

Pay: $35,000.00 - $45,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $35,000 - $45,000