What are the responsibilities and job description for the Mortgage Loan Processor position at The Friendship State Bank?
Job Title: Mortgage Loan Processor Status: Non-Exempt
Reports to: Loan Processing Manager
Summary: Responsible for processing, administration, and closing of residential mortgage loans through activities such as processing loan documentation by verifying the accuracy of completion, setting up new accounts, maintaining loan records and files.
Essential Duties
Loan Processor Responsibilities
- Prepares Real Estate loans from application to closing.
- Responsible for scanning quality control checks
- Utilizes Laser Pro and Mortgagebot software to process loan applications and documents
- Schedule appointments for loan officers
- Assists loan officer with supplying information from files, document preparation and
- miscellaneous administrative requests
- Coordinates loan closings with borrower, seller & realtors
- Prepares checks for loan officers
- Logs all closed loans in appropriate monthly logs
- Funds, uploading & General Ledger preparation of all loans
- Quote & process loan pay offs
- Order appraisals, title work, flood certificates
- Collects information for HMDA reportable loans
- Assist loan officer with obtaining underwriting documentation
- Research and resolve problems
- Abide by compliance regulations as well as adhere to loan policy guidelines
Non-essential Duties
Other duties as assigned by management
Sale of Bank products/services when applicable
Knowledge, Skills, and Abilities:
- Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
- Ability to write routine reports and correspondence.
- Ability to speak effectively before groups of customers or employees of organization.
- Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
- Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Training and Experience:
- High school diploma or GED required or;
- One to two years related experience and/or training; or equivalent combination of education and experience.
Conditions of Employment:
- Must travel between branches as required.
- Must pass background check.
NOTE: Friendship State Bank reserves the right to modify, interpret, or apply this job description, as it desires. This job description in no way implies that these are the only duties, including essential duties, to be performed by the employee occupying this position. This job description is not an employment contract, implied or otherwise. The employment relationship remains “at-will”. The aforementioned job requirements may be changed to fulfill any obligation(s) to reasonably accommodate qualified individuals with disabilities.
Friendship State Bank
Summary of Physical, Sensory, and
Environmental Requirements
Needed to Perform Essential Job Duties
Job Title: Mortgage Loan Processor
A. Physical Requirements
1. Lifting: Up to 20 pounds.
2. Carrying: Up to 20 pounds.
Computers, telephones, calculators, office equipment,
4. Use of Equipment:
Continuously
Frequently
Occasionally
Not At All
Explanation
5. Sitting
x
6. Standing
x
7. Walking
x
8. Bending
x
9. Stooping
x
10. Crawling
x
11. Climbing
x
12. Reaching Above Head
x
13. Grasping:
a. One Hand
x
b. Both Hands
x
14. Fine Manipulating:
a. One Hand
x
b. Two Hands
x
B. Environment Requirements
Continuously
Frequently
Occasionally
Not At All
Explanation
1. Exposed To Marked Changes In Temperature
x
2. Outside Work
x
3. Exposure to Dust, Fumes, Odors, Water, Etc.
x
4. Exposure to Biological, Mechanical, Electrical, and/or Chemical Hazards
x
5. Normal (Inside) Environment
x
C. Sensory Requirements
1. Eyesight
Explanation
a. Normal/Corrected
x
Necessary
Not Necessary
b. Close Eye Work
Necessary
x
Not Necessary
c. Other
Necessary
x
Not Necessary
2. Hearing
a. Normal Tones
x
Necessary
Not Necessary
b. Soft Tones
Necessary
x
Not Necessary
c. Other
Necessary
x
Not Necessary
3. Distinguish Smells
Necessary
x
Not Necessary
4. Distinguish Temperatures By:
a. Touch
Necessary
x
Not Necessary
b. Proximity
Necessary
x
Not Necessary