Mortgage Processor

Job Description

Mortgage Processor

Classification: Non-Exempt

Reports to: Mortgage Operations Team Lead

Summary/Objective

The Mortgage Processor is responsible for processing Secondary Market and Express Mortgage loans including In-House, conforming Fannie Mae Conventional, FHA, VA and USDA loans in a timely manner while keeping close communication with the Mortgage Originator throughout the entire process.

Primary Functions

1. Review initial disclosure packages to ensure packages were delivered timely.
2. Order all verification documents as required by Automated Underwriting System (AUS) - VOE, VOD, VOR, VOM, Tax Transcripts, Fraud Reports, etc.
3. Order case number, Certificate of Eligibility, Statement of Service and any other additional documentation as required by government agencies.
4. Order appraisals and final inspections as needed.
5. Make necessary changes to Encompass and AUS as verification documents are received.
6. Responsible for monitoring rate lock expirations and extending or re-locking loans as needed.
7. Identify changes that require a Change of Circumstance and Re-disclosure. Follow bank procedures for requesting and delivering re-disclosures.
8. Responsible for submission of files to the proper underwriting channel while ensuring that files are complete, compliant and well-documented.
9. Work closely with Mortgage Originators to gather the required documentation to clear any underwriting conditions.
10. Order any required closing documentation - title work, flood certification, property insurance, private mortgage insurance, draft Closing Disclosure, payoff statements, etc.
11. Order closing documents from the closing department.
12. Review Closing Disclosure prior to delivery.

Secondary Functions

1. Assists with the resolution of Encompass support issues.
2. Provides back-up support for Mortgage Disclosure Specialist or other "team" or group positions.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supervisory Responsibility

Generally, this position does not have direct supervisory responsibilities.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.

Physical Demands

1. Prolonged periods working at a desk.

Position Type/Expected Hours of Work

This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m.

Travel

Minimal travel is expected for this position.

Required Education, Experience, and Skills

1. High School Graduate or GED.
2. Ability to recognize potential problems and provide proactive communication to find a resolution.
3. Working knowledge of Microsoft Office products, specifically Word and Excel.
4. Excellent verbal and written communication skills.

Preferred Education and Experience

1. Post High School Education or 2 years of related experience.
2. Experience with Secondary Market mortgage lending, investor and government agency requirements and automated underwriting systems.
3. Knowledge of current mortgage lending regulations.
4. General knowledge of the mortgage lending process, mortgage disclosures and other documentation.
5. Encompass experience.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.