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Company Name : Mission Loans, LLC
Location : Anchorage, AK 99515
Position : Loan Processor
Job Description : Basic Function:
Under the direction of the Branch Manager, Operations Manager and/or Processing Supervisor, evaluates all information supplied as part of the mortgage loan application. Verifies the accuracy of all information provided by the borrowers. Ensures LOS – Byte is thoroughly documented based on the loan level milestones for Underwriting and/or Closing. Acts as the primary liaison between the loan officer, loan officer assistant, realtors, builders and the customer(s).
Job Description:
ROLE AND RESPONSIBILITIES
Maintains knowledge of all policies and updated guidelines and standards as provided by the Company, federal housing programs, investors, and/or agencies.
Maintains and updates loan application information within the Company’s LOS – Byte.
Orders appraisals, title, survey, verifications, and any other items required for loan approval.
Conducts regular status checks with third party sources regarding outstanding documentation.
Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, TRID, RESPA, and HMDA guidelines.
Calculates income, reviews assets and liabilities.
Reviews all disclosures for completeness and compliance.
Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer.
May maintain accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, federal regulations, and applicable state laws.
May schedule closing appointments with respective third parties (i.e. title companies, closing attorneys, corporate closing department and borrowers).
Updates loan officer, loan officer assistant, realtors, builders and borrowers on loan status.
Maintains communication with borrowers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
Maintains a professional image and adheres to standards consistent with Company policies and procedures.
Other duties as assigned.
QUALIFICATIONS AND EDUCATION REQUIREMENTS
High school diploma or equivalent.
Minimum of 3 year mortgage banking experience as a processor or junior processor, required.
Must have working knowledge of Fannie Mae/Freddie Mac and FHA/VA policies and guidelines, as well as, regulatory mortgage compliance rules, state, federal, local government, and insurers.
Excellent written and verbal communication skills.
Excellent organizational and time management skills.
Demonstrated ability to interact effectively with branch, regional and corporate personnel, as well as realtors, sales agents, builders, appraisers, title companies, etc.
Demonstrates good judgment and decision making ability.
PREFERRED SKILLS
N/A
This post is listed Under Alaska jobs
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