Mortgage Loan Processor III

  • Job Reference: 260383600-2
  • Date Posted: 8 April 2021
  • Recruiter: FIRST FINANCIAL BANK
  • Location: Worthington, Minnesota
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent

Job Description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!If you are interested and qualified for this role, we invite you to apply.Mortgage Loan Processors work with the Loan officer to obtain necessary information (i.e. loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files.Essential Functions/Responsibilities:Verifies all documentation for accuracy and completeness.Assures loan and documents meet Regulatory, Investor and Bank guidelines.Reviews and audits loan applications for completeness and compliance with Regulatory, investor and bank guidelines.Processes all documents to FFB secondary market and/or investor guidelines and evaluates and cures all underwriting conditions based upon underwriting approval.Obtains and validates income and assets, Appraisals, Flood Certification, Credit Reports, and Title Commitments and any other documents needed for an underwriting decision.Calculates income and assets to assure loan meets guidelinesSubmits updated mortgage loans to automated underwriting systems for approval within investor guidelines and submits file to underwriting for decision.Clears conditions assigned to processor by underwriter.Communicates within the organization and with third parties.Maintains and processes accurately a sufficient loan pipeline commensurate with peers and department needs.Other duties as assigned.Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job:3 plus years Mortgage Processing experience.Demonstrate advanced processing knowledge in FHA, VA and Conventional loans, including appraisal reviews and underwriting guidelines.Demonstrate advanced knowledge of Federal and State rules and regulations, including RESPA, TILA, ECOA and HMDA.Ability to calculate income for self-employed borrowers.Computer skillsPreferred Knowledge and Skills:Level of Complexity and Scope:Degree of Independence and Decision-Making:Works under limited supervision.Required Supervisory Responsibilities:Physical Requirements:Occasionally lifts and carries up to 20 lbs.Frequently lifts and carries up to 10 lbs.Frequently sits, stands and walks.Compliance Statement: The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.Development and Training (Optional):It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.We are an E-Verify Employer.