Mortgage Processor III

Job Overview

This position involves handling conventional and government loan processing with strong analytical skills to assess loan applications adhering to underwriting and investor standards. The role serves as a key communication link between customers and the Mortgage department, providing prompt and professional assistance.

Key Responsibilities

• Communicate effectively with customers, loan officers, realtors, settlement agents, municipalities, and colleagues to facilitate smooth loan application processing.
• Coordinate with internal departments and external bodies to acquire necessary documentation such as employment verifications, IRS transcripts, title searches, appraisals, and bank statements.
• Alert relevant parties immediately on any discrepancies or irregularities against standard mortgage policies.
• Monitor, update, and analyze credit reports, appraisals, income documents, and verifications ensuring compliance with product and underwriting criteria.
• Conduct administrative tasks supporting loan origination including preparing commitment letters, reviewing title and homeowner's insurance, handling loan suspension notices, and providing documentation to closing attorneys.
• Examine loan applications critically to determine qualifications and recommend restructuring or alternative solutions.
• Authorized to review and approve loan conditions as stipulated by underwriters.
• Ensure compliance with regulatory standards and guidelines.
• Utilize strong analytical and mathematical skills to evaluate borrower fee modifications and prepare necessary regulatory documentation.
• Collaborate closely with both internal team members and external parties including borrowers and loan officers.
• Identify and escalate risks to management as necessary.
• Support an inclusive work environment reflecting the company’s brand values.
• Carry out additional relevant duties as assigned.

Qualification Requirements

• Associate's degree or equivalent two years of work experience.
• Two to three years of prior mortgage processing or underwriting experience.

Preferred Skills and Experience

• Proficient with Microsoft Excel, Word, Email platforms, and Adobe software.
• Sound decision-making skills based on available information.
• Familiarity with product, investor, and compliance standards.
• Flexible and adaptable within a fast-moving mortgage environment.
• Competent in adjusting to new policies to enhance processes.
• Ability to work independently under time constraints.
• Excellent written and verbal communication abilities.
• Highly organized with multitasking capabilities.
• Meticulous attention to detail.
• Efficient prioritization of daily tasks.
• Team player with strong work dedication, reliability, and dependability.

Compensation

The hourly pay range for this job is between $20.55 and $34.25, with actual salary determined by individual qualifications and location-specific factors.

Location

This role is based in Clanton, Alabama, United States.