Mortgage Processor
Pawtucket, Rhode Island, United States
Obtain and analyze information necessary to process mortgage applications, including credit reports, income documentation, assets, title work, appraisals, and any other pertinent information.Prepare loan files for underwriting, complete required automated underwriting submissions (DO, DU) and review DO/DU findings. Uplink mortgage loans and documentation into MI companies and investors. Verify for accuracy and completeness.Prepare loan estimate and intent to proceed within the guidelines of TRID.Prepare and evaluate loan files in compliance with policy and procedures, ensure all documents are in full regulatory compliance and completeness.Accurately review and input pertinent loan data into operational systems.Effectively manage and process a full pipeline of mortgage loan files (approximately 25-30 files at any given time).Daily pipeline management with an emphasis on meeting rate lock expirations, mortgage commitment dates, and department turn times.Order supplementary vendor products, such as title reports and property appraisals, etc.Notify loan originators when loan commitment is issued and mail copy to borrowers.Obtain required underwriting conditions from the loan officer and/or loan applicant(s).Effectively communicate with borrowers, loan originators, underwriters, closers, funders, post-closers and other internal departments to ensure loans are completed with accuracy and to investor guidelines.Follow-up with the borrower on loan conditions, payment, and status of loan applications.Consistently update and maintain loan status within LOS System. Process out denied or canceled loans in a timely manner to ensure accuracy in loan pipeline status.Maintain knowledge of PCU’s mortgage processing policies and procedures.Complete required checklists and worksheets to maintain file accuracy.Perform other duties as required.
