MOUNTAIN WEST FINANCIAL Loan Processor Salary in the United States

Summary: Verifies, compiles, and types application information for mortgage loans.

Essential Duties and Responsibilities
• Satisfactorily completes all required compliance training and is responsible for compliance with legal, regulatory and company policies.
• Reviews residential loan application file to verify that application data is complete, and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
• Notifies loan representative or branch manager of loans that do not meet standards.
• Calls or writes credit bureau and employer to verify accuracy of information.
• Orders appraisal reports.
• Requests additional items in writing and verbally from borrowers.
• Type’s final loan application forms.
• Calls specified companies to obtain preliminary title policy, survey, and appraisal.
• Informs supervisor of discrepancies in title or survey.
• Submits mortgage loan application file for underwriting approval.
• Types and mails approval and denial letters to applicants.
• Prepares written request for loan documents.
• Coordinates mortgage closing with closing agent and/or escrow company
• Records data via loan origination system on status of loans, including number of new applications and loans approved, canceled, or denied.
• Other duties as assigned.

Skills/Qualifications
• Excellent organizational and time management skills
• Effective verbal and written communication skills required
• Effective decision making skills and sound judgment
• Service and team oriented

Education/Experience
• High School Diploma or equivalent
• 5 years of related experience

Computer Skills
• Microsoft Office Suite
• Lending QB and Calyx Point
• Internet software
• DU/LP