Mortgage Loan Processor jobs in Michigan
Mortgage Loan Processor performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Recently Added Mortgage Loan Processor jobs
Mortgage Loan Processor
- ELGA Credit Union
-
Grand Blanc, MI
FULL_TIME
-
ELGA Credit Union
Mortgage Loan Processor
Department: Mortgage
Reports To: Director of Mortgages
Classification: Non-Exempt
Supervises Direct: 0
Supervises Indirect: 0
Role: To ensure that required mortgage documentation is requested, reviewed timely and issues are addressed prior to final underwriting.
Essential Functions & Responsibilities:
35% = Reviews residential loan application files to determine what documentation is required in accordance with product guidelines and credit union policies and procedures.
15% = Communicates with mortgage loan originators and/or members to ensure understanding of what documentation is required.
15% = Collects required documentation including ordering third party documents as applicable to each loan approval.
10% = Acts as a liaison and subject matter expert to external members, internal members and third party vendors.
10% = Verifies all documentation ensuring it is complete, accurate and in compliance with product guidelines, credit union policies, procedures, federal and state regulations.
5% = Submits files to underwriter when appropriate.
5% = Acts as a back-up to the mortgage loan closer.
5% = Performs other related duties as assigned.
Performance Measurements:
1. To take full responsibility for your own success with no excuses and add comments to performance management system on a weekly basis.
2. Complete set-up of file including organizing documents into appropriate tabs, verifying disclosures and ordering third party items then submit file for initial underwriting within 48 hours of receipt.
3. Communicate conditions to loan originator and/or member within 24 hours of receipt of the file from initial underwriting. Work with loan originators and/or members to obtain required documentation.
4. Verify documentation is complete, accurate and in compliance with product guidelines as well as credit union policies and procedures. Submit file for final underwriting within 48 hours of receipt of documentation for final condition.
5. To continually update knowledge of credit union products, compliance, sales skills, and self
improvement by completing online training courses, fully participating in individual and group
training offered by credit union trainers, reading business related/self improvement books, and
taking outside courses. To maintain working knowledge of all mortgage products and rates, both within the credit union and from the industry overall.
6. To meet established expectations of ELGA's Core Factors including but not limited to Accountability, Attitude, Communication, Competence, Continuous Improvement & Innovation and Relationship Building.
7. To support other associates and to take the initiative to offer help when needed.
Knowledge and Skills:
Experience : Minimum of six months of related mortgage experience. Mortgage processing experience preferred.
Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
Interpersonal Skills: Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
Other Skills
1.Must be registered with NMLS in accordance with the SAFE ACT.
2.Must have good communication skills. Ten key calculator, typewriter and keyboard skills.
This Job Description is not a complete statement of all duties and responsibilities comprising the position. - 22 Days Ago
Mortgage Loan Processor
- Lakeview Lending LLC
-
Troy, MI
FULL_TIME
- We are currently seeking an experienced, organized, and detail-oriented Mortgage Loan Processor for our dynamic lending team. If you are looking for an excellent position that will help you reach your...
- 9 Days Ago
Mortgage Loan Processor
- Lakeview Lending LLC
-
Troy, MI
FULL_TIME
- We are currently seeking an experienced, organized, and detail-oriented Mortgage Loan Processor for our dynamic lending team. If you are looking for an excellent position that will help you reach your...
- 9 Days Ago
Mortgage Loan Processor
- United Federal Credit Union
-
Saint Joseph, MI
FULL_TIME
- This is a hybrid role (3 days per week in office) and can be based at our Team United Headquarters in St. Joseph, MI or one of our branches in Arkansas, Indiana, Michigan, North Carolina, or Nevada. G...
- 11 Days Ago
Mortgage Loan Processor
- UNITED FEDERAL CREDIT UNION
-
Joseph, MI
OTHER
- Job Details Level: Entry Job Location: Team United HQ - St. Joseph, MI Position Type: Full Time Education Level: High School Salary Range: Undisclosed Travel Percentage: Negligible Job Shift: Day Job ...
- 12 Days Ago
Mortgage Loan Processor II
- Michigan Credit Union League
-
Midland, MI
FULL_TIME
- Organization: Members First CU Date Posted: January 10, 2024 Region: Mid-Michigan Location of Position: Midland Position Level: Entry Are you an experience Mortgage Processor who is passionate about h...
- 16 Days Ago
Mortgage Loan Processor jobs at Popular Companies
Mortgage Loan Processor
- Barrett Financial Group LLC
-
Glendale, AZ
- Barrett Financial Group is hiring experienced mortgage loan processors to join our mortgage brokerage at our Westgate of...
- 4/27/2024 12:00:00 AM
Mortgage Loan Processor
- Digital Risk
-
Boca Raton, FL
- Processor Digital Risk’s mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-...
- 4/27/2024 12:00:00 AM
Mortgage Loan Processor
- Recruit Right Strategies
-
Dumfries, VA
- PLEASE NOTE: This role is NOT remote. Even if you have successfully worked remotely before you will not be considered if...
- 4/27/2024 12:00:00 AM
Mortgage Loan Processor
- StraussGroup - Executive Search Consultants
-
Fairfax, VA
- Whether you're looking to break into the mortgage industry or searching for an opportunity to advance your career with a...
- 4/27/2024 12:00:00 AM
Mortgage Loan Processor
- The Parker Law Office Pllc
-
Rocky Mount, NC
- This candidate will be responsible for processing real estate loan closing paperwork for pre and post-close in a Real Es...
- 4/25/2024 12:00:00 AM
Mortgage Loan Processor
- RemX
-
Cleveland, OH
- Job Description Job Description Direct Placement Mortgage Loan Processor 100% onsite- Cleveland, OH Growing home buildin...
- 4/24/2024 12:00:00 AM
Mortgage Loan Processor
- Home Financial Group LLC
-
Fort Lauderdale, FL
- Job Description Job Description An eager job-seeker with experience in the mortgage industry. As a loan processor, you w...
- 4/23/2024 12:00:00 AM
Mortgage Loan Processor
- Sharp Mortgages Inc
-
Jacksonville, FL
- Company Description Sharp Mortgages Inc is a mortgage company based in Jacksonville, FL. We are committed to helping our...
- 4/23/2024 12:00:00 AM
About Michigan
Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Loan Processor jobs
$40,772 to $51,327
Most Popular Cities in Michigan for Mortgage Loan Processor Jobs
What does a Mortgage Loan Processor do?
Mortgage Loan Processor in Nassau, NY
This position can and does work independently to analyze and make recommendations about the approval or denial of a loan.
January 07, 2020
Mortgage Loan Processor in Scranton, PA
Also, knowing how much you can afford prior to beginning the mortgage process will help you narrow down the field so you don’t waste time looking at homes that are out of reach.
January 21, 2020
Mortgage Loan Processor in Stockton, CA
Let's find out what skills a Mortgage Loan Processor actually needs in order to be successful in the workplace.
November 27, 2019