Loan Processor
CurrentMortgage Loan Processor providing Simply the Best customer service at all times. Responsible for providing basic support for multiple external and internal customers such as Mortgage Brokers, Mortgage Banks, Account Relationship Associates, Underwriters and Mortgage Loan Closers. • Excel in a fast paced environment, multi-tasking with processor functions for all home lending products.• Process incoming files for Broker and Correspondent Underwriting review, including file set up and review for adherence to regulatory and compliance guidelines. • Knowledge of FHNMA, FHLMC, VA, FHA, and USDA agency guidelines. • Manage communication with external and internal partners.• Facilitate processing of the file from initial underwriting decision through final submission for closing.• Responsible for the set up and review of Correspondent loans submitted for purchase. • Prepare Daily and weekly reports -- pipeline, estimated closing date, and correspondent purchases.• Denial/HMDA files - responsible for all files in corporate underwriting are reviewed and all decision timing is completed within regulatory requirements, including all HMDA information.Responsibilities: • Review new loan submissions for completeness.• Submit new loans both correspondent and broker for approval.• Review processed submissions prior to loans being submitted to underwriting.• Review items needed on conditional approval.• Restructure loans that were suspended or denied, contact customer if necessary.• Contact customer to notify of approval and request additional items if necessary.• Collect items needed for final approval.• Review system for accuracy and ensure that all items that are needed for final approval have been collected.• Submit loan for final approval to underwriting.• Regularly update Encompass system in milestone comments and Document Tracking screen.• Ensure Encompass system is always updated with current status and correct investor.
