Mortgage Loan Processor

Position Overview: 

The Loan Processor plays an integral role in the loan manufacturing process. The Loan Processor is responsible for reviewing and validating all information presented on the Loan Application by the consumer. The Loan Processor will review the loan application, and any corresponding documents gathered by the Loan Officer during the application process. The Loan Processor will communicate with the borrower to request any additional documentation as needed to validate all information to present to the Underwriter and procure loan approval. The Loan Processor will also obtain, review and submit to closing the documentation required according to FHMC Policies and Procedures and the First Home Mortgage Corp. (“FHMC”) Operational Model.

Starting Salary
• $32,000 – $42,000 annually, based on education and qualifications

Position Responsibilities
• Review loan applications and supporting documentation for accuracy and completeness.
• Communicate with borrowers to request additional documentation as needed.
• Ensure company minimum standards are met within required timelines, including documentation, fees, and application accuracy.
• Order and review appraisals and support timely delivery of required disclosures and documents.
• Analyze borrower income and financial documents and perform income calculations in accordance with loan guidelines.
• Update loan files in Encompass and submit loans to the automated underwriting system (AUS).
• Track outstanding conditions and documentation to help move loans efficiently through the approval process.
• Maintain organized, compliant loan files in accordance with company policies and regulatory requirements.

Position Qualifications
• Bachelor’s degree or recent college graduate preferred.
• Strong attention to detail and organizational skills.
• Clear and professional written and verbal communication skills.
• Ability to manage multiple tasks and meet deadlines.
• Proficiency in Microsoft Office (Word, Excel, Outlook).
• Willingness to learn mortgage systems, processes, and regulations (training provided).