What are the responsibilities and job description for the Mortgage Loan Processor position at Texana Bank National Association?
Description
Responsible for performing initial appraisal of potential borrowers by thoroughly examining their applications; assessing the credit standings of applicants through background research; and interviewing applicants to evaluate their eligibility for loan or mortgage.
• Identify customer needs, explore all options and suggest different types of loans. Review files for completeness and accuracy.
• Verify accuracy of system input.
• Analyze file for program applicability.
• Review necessary documentation, such as income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
• Follow up with clients to request additional documents as needed or to clarify important points.
• Provide status updates to loan officers, borrowers and agents.
• Remain up to speed regarding lending and other financial services.
• Coordinate all aspects of submission to underwriting, documentation requests and satisfaction of closing/funding conditions. Coordinate closings as needed.
• Submit files in a timely manner in accordance with company standards.
• Review pre-audit loan documentation and disclosures, including the Closing Disclosure, to ensure accuracy. Work with loan officer and title companies to resolve any discrepancies prior to closing.
• Prioritize work flow to ensure time sensitive files are handled in proper order.
• Assure compliance with all regulatory and governmental standards, guidelines, rules and regulations with all regulatory authorities, federal or state ordinances and administrative regulations and statues.
• Forge trust relationship and enhance customer dedication.
• Maintains working knowledge of LOS system and other software applications as necessary.
• Ensures confidentiality of bank and customer information.
• Provide support for other operational duties as necessary.
• Performs other duties as assigned
Requirements
Qualifications
Bachelors degree or 5 years of related work experience
• Experience processing conventional, VA and FHA loans
• Comprehension of direct/indirect lending procedures.
• In-depth understanding of relevant rules and regulations.
• Post TRID knowledge required.
• Strong organization skills and detail oriented.
• Excellent communication and sales skills.
EOE M/F/Disability/Veteran Employer
Applicants and employees notice of EEO rights are available in our office and online here: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf
And the supplement: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf
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