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Mortgage Loan Processor

Company: Panorama Mortgage Group Llc
Location: Chattanooga
Posted on: January 16, 2022

Job Description:

Job Description Job Description Job Title: Mortgage Loan Processor Department: Processing Reports To: Branch Manager / Processing Manager FLSA Status: Non-Exempt (Hourly) Summary The Mortgage Loan Processor provides professional support services to Loan Officers by assembling a completely documented residential mortgage loan file in preparation for submission of the file to the underwriting department. Essential Duties and Responsibilities Review 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. Set up loan file in Loan Origination System (Encompass). Serve as a liaison between the customer, loan officer and underwriter. Obtain needed documentation via credit reports, appraisals and related information. Review all files to ensure RESPA compliance. Order title work and review for accuracy and address any discrepancies. Submit loan file for underwriting approval. Maintain pipeline of loan files submitted for processing, approved and PTF conditions. Disclaimer: Job description is not a complete list of duties. The Mortgage Loan Processor may and/or will be required to perform other functions as asked by management. The Mortgage Loan Processor must be self -sufficient and show the initiative to self -educate in industry products and program guidelines. Supervisory Responsibilities This position has no supervisory responsibilities. Qualifications One (1) to Three (3) years recent loan processing experience in the mortgage industry required Familiarity with TILA / RESPA Integrated Disclosure (TRID) Sound judgment and decision-making skills Ability to work under pressure and meet deadlines with minimal supervision Excellent customer service skills Excellent organizational skills Experience using Encompass Required Education and Experience High School Diploma or Equivalent Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines Knowledge of general federal and state mandated consumer disclosure requirements Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie mac Loan Prospector Proficient in data entry and management Language Skills Ability to speak, read and write fluently in English Fluency in other languages preferred Articulate speaker with good interpersonal skills Required Competencies Problem-solving - identifies and resolves challenges in a timely manner by gathering and analyzing information skillfully. Develops alternative solutions using facts and reasoning in presenting business case for pursuing appropriate course of action. Communication - speaks clearly and persuasively in all types of situations. Listens and seeks clarification as necessary in order to understand and fulfill business objectives. Able to read and interpret complex information and regulatory requirements. Must be able to build effective intra-corporate relationships and collaborations, and liaison with various business departments. Business acumen - understands business implications and decisions, displaying appropriate balance between revenue growth and compliance with existing laws and regulations. Demonstrates working knowledge of regulated financial industry. Ethics - Keeps commitments and inspires trust by others. Understands and appreciates the value of integrity in self and others. Upholds organizational values. Maintains strict confidentiality of business information and processes. Judgment - exhibits sound and accurate judgment. Supports and explains rationale for decisions. Includes appropriate people in decision-making. Planning and Organizing - prioritizes and plans work activities. Uses time efficiently. Sets goals and objectives. Professionalism - approaches others in a tactful, respectful manner. Reacts well under pressure. Adaptability - adapts quickly to changes in work priorities and manages competing demands appropriately. Modifies approach or method to best fit the situation. Ability to deal with frequent changes, delays, or unexpected events. Initiative - undertakes self-development activities. Seeks increased responsibilities, while asking for assistance when needed. Innovation - assist department in developing and implementing creative ideas and methods to increase overall efficiency and departmental value. Teamwork work with fellow team members inside and outside the department, treating everyone with dignity and respect, always willing to help others, with exceptional customer service. Core Principles These are the mantras that drive us. Theyre ideas that empower our employees to make a difference in the lives of every customer or partner they meet. They are about accountability, innovation, and taking pride in everything we do, down to the tiniest of details. This is what we expect from every single person that joins us. This is how we serve our community. This is who we are. Little Things Matter: Over the years weve learned that its the small changes that produce big results. Find a Better Way: We never rest on our laurels. Thats just how we do things here will never be our method of operation. We are committed to finding better ways to serve our customers, and support our loan officers and realtor partners. Own It: We vow to keep ourselves accountable. When we make mistakes we dont pass the blame. We make it right. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands to handle or feel, reach with hands and arms, talk and hear. The employee must regularly lift and/or move up to 25 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, color vision and ability to adjust focus. Work Environment and Environmental Conditions The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. There is no exposure or very limited exposure to physical Jobble

Keywords: Panorama Mortgage Group Llc, Chattanooga , Mortgage Loan Processor, Other , Chattanooga, Tennessee

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