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Mortgage Processor

Employer
Ascendo Resources
Location
Washington, DC
Closing date
Oct 1, 2020

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We're here to keep the dream of home ownership alive. Oh, and while we're at it, we're determined to change the lending industry itself. It's simple, but it won't be easy. And we'll need a great team behind us. (That's where you come in.) We want to show the world that transparency, candor and collaboration aren't just good values. They're good business. Working here isn't for people who want to punch a clock. It's for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living. Provides quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission. Will contact borrower and / or mortgage broker to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers to effectively close loans. Roles & Responsibilities: Responsible for processing loans from set-up to closing by verifying, compiling and entering borrower information in to loan processing systems. Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment. Verify and analyze loan documentation including income, credit, appraisal, and title, while maintaining strict compliance with all applicable federal and state regulations. Interact with Mortgage Professionals to obtain information from the borrower or to seek clarification about documents in the loan file. Informs the Processing Manager of discrepancies in the file and obtains direction on how to proceed, as applicable. Record data to track the status of loans in processing. Submit loan application files to underwriting for approval, and creates and mails approval or denial letters to applicants. Submit approved mortgage loan files to closing for settlement. Responsible for handling non-public information (NPI) about borrowers. Adhere to all applicable internal NPI policies and procedures, and protect the confidentiality of borrower information. Performs administrative duties such as faxing, photocopying, filing and phone support, as required, by Loan Processor II and Processing Managers. Core Requirements: High school diploma or GED. Minimum of 1 year experience in mortgage loan processing position. Prior experience involving multi-tasking and detail-oriented responsibilities. Previous experience with mortgage loan processing preferred. Job Requirements:Submit mortgage loan application files for underwriting approvalApproving and closing mortgage loansValidating and closing of mortgage loan filesAnalyzing and processing mortgage loan transactionsPrepare loan files for residential mortgage applicationsCompile application information for mortgage loansProcessing and completing mortgage loan applicationsPrepare necessary documents and submit mortgage loan application filesPrepare necessary documents and submit mortgage loan application files for underwriting approvalWork closely with mortgage loan officerFacilitate the loan processing functions for mortgage and consumer loansProcessing 1st mortgage loansPrepare and move mortgage loans to closingProcess mortgage loan files and documentation from application through final approvalProcess and close mortgage loan requestsGarner approval on all first mortgage loansSubmit loan to underwriting for approvalEnter loan information into various mortgage related systemsSubmit accurate loan files to underwriting for approvalPreparing all documentation relative to the mortgage loan closing by utilizing the bank's mortgage processing system

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