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Mortgage Processor

Description:

-Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.-Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.-Identify potential issues and communicate to consumer and loan officer.-Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns, verification of employment/assets, etc. to identify and address potential issues.-Stay current with federal, state regulations, policies and industry trends.-Check ratios, and verify accuracy of AUS findings and program applicability.-Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.-Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary.-Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.-Update and verify accuracy of data input into system.-Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.-Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.-Order generation of loan documents.-Coach and provide guidance to less experienced Processors as needed.-Use and modify templates to compose professional correspondence and emails.Provide status updates to Loan Officers and/or borrowers.

Skills:

Mortgage, Mortgage processing, Customer service, Data entry, Loan processing, Mortgage loan, Fha, va loan, consumer loan

Additional Skills & Qualifications:

-High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.-Total recent work experience includes five or more years experience as a Loan Processor, preferably processing conventional and FHA loans along with at least two years of experience processing VA and Bond mortgage loans.-Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.-Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional, FHA, VA and Bond mortgage loans.-Expert knowledge of conventional, FHA, VA and Bond mortgage loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.

Experience Level:

Intermediate Level

About Aerotek:

We know that a company's success starts with its employees. We also know that an individual's success starts with the right career opportunity. As a Best of Staffing® Client and Talent leader, Aerotek's people-focused approach yields competitive advantage for our clients and rewarding careers for our contract employees. Since 1983, Aerotek has grown to become a leader in recruiting and staffing services. With more than 250 non-franchised offices, Aerotek's 8,000 internal employees serve more than 300,000 contract employees and 18,000 clients every year. Aerotek is an Allegis Group company, the global leader in talent solutions. Learn more at Aerotek.com.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

Company
Aerotek
Posted
02/22/2021
Type
Full time
Salary Range
$33,000.00 - 45,000.00
per Year
Salary range estimated by
Location
Albuquerque, NM, US