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Title
Text copied to clipboard!Mortgage Loan Processor
Description
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We are looking for a detail-oriented and experienced Mortgage Loan Processor to join our team. In this role, you will be responsible for processing mortgage loan applications, verifying the accuracy of applicant's financial information, and ensuring all necessary documents are in order. You will work closely with loan officers and underwriters to ensure a smooth and timely loan process. You will also be responsible for maintaining and updating loan records, and communicating with applicants about the status of their loan application. The ideal candidate has a strong understanding of mortgage loan processing, excellent communication skills, and the ability to work in a fast-paced environment.
Responsibilities
Text copied to clipboard!- Review loan applications for completeness and accuracy
- Verify and analyze loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all applicable federal and state regulations
- Interact with mortgage professionals to obtain necessary documentation
- Prepare mortgage loan file by reviewing loan application, clarifying or obtaining additional information
- Ensure that all regulatory compliance and underwriting guidelines are met
- Act as a liaison between the customer, loan officer and underwriter
- Maintain and update all loan documentation
- Communicate with applicants about the status of their application
- Ensure a smooth and timely loan process
- Stay updated on the latest mortgage and loan products
Requirements
Text copied to clipboard!- High school diploma or equivalent
- Previous experience in loan processing or related field
- Strong understanding of mortgage loan processing
- Excellent communication and customer service skills
- Ability to work in a fast-paced environment
- Detail-oriented with strong analytical and problem-solving skills
- Knowledge of federal and state regulations
- Proficiency in Microsoft Office and loan management software
- Ability to handle confidential information
- Strong organizational skills and ability to prioritize
Potential interview questions
Text copied to clipboard!- How do you handle a high volume of loan applications?
- Can you describe a time when you had to handle a difficult loan application?
- How do you stay updated on the latest mortgage and loan products?
- Can you describe your experience with loan management software?
- How do you ensure compliance with federal and state regulations?