What are the responsibilities and job description for the PROCESSOR (Bilingual) position at Golden Empire Mortgage Inc?
Job Description
Job Description
Job summary
Under general supervision of the Branch Manager, the Loan Processor is responsible for preparing mortgage documents for loan approval, advising mortgage lenders of needed documents according to established regulations and procedures and working with the title / escrow company towards “closing” of loan file.
Essential job functions
- Set up new files
- Ordering appraisals
- Order title commitments, flood certifications, and other property certifications as required
- Customer contact regarding conditions required on loan approval
- Send for verifications as needed
- Process active files for final approval
- Re-submit for automated approval after verification of assets and income
- After loan approval, call customers and realtors with any conditions
- Issue closing instructions to closing department.
- Order survey
- Order final inspections
- Follow up on underwriting conditions still outstanding
- Check loan amount, interest rate, etc. in computer for accuracy
- Have evidence of POC’s
- Constantly monitor lock expirations and close dates
- Inform the loan officer immediately of any change in closing date, etc.
- Coordinate closings with title / escrow company.
- Follow up on missing conditions.
- Other duties as assigned.
Minimum requirements
Knowledge, Skills, and Abilities
