Mortgage Loan Processor
Job DetailsJob LocationHeadquarters - Suitland, MDDescriptionThe Mortgage Loan Processor is responsible for gathering and analyzing documentation required to facilitate the movement of first mortgage and home equity loans through to Underwriting and Closing as efficiently and timely as possible. Proactively assists within the department to help Management achieve department goals and objectives. ESSENTIAL DUTIESThe position's essential duties include the following:Must have FHLB experience.Manages pipeline for timely and accurate collection of documentation needed to process loan files in preparation for submission to Underwriting.Processes mortgage applications that are originated by Andrews Federal. Processing activities include, but are not limited to: verification of income, employment, assets, down payments, debts, and property values. Responsible for ensuring that all applications are complete, including preparation and issuance of required disclosures, etc. Reviews and evaluates the title examination report to determine loan eligibility and proper ownership. Establishes appropriate closing instructions to ensure proper lien position.Coordinates and prepares pre-closing, working with Title companies and/or attorneys in conjunction with the closing process and documents. Performs all system file maintenance and coordinates the elimination of any obstacles to closing.Serves as a primary contact with all parties on individual loans originated from application to closing.Assists and/or provides back up for the Home Equity Loan Processor when needed. Maintains current knowledge on mortgage products, underwriting guidelines and industry regulations.Attends work regularly and accordance to work schedule; limits absences according to personnel policies regarding leave usage.Interacts with co-worker, supervisors, members, and outside contacts in an appropriate professional manner which projects a positive image of the department and Andrews Federal.Remains cognizant of and adheres to Andrews Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.Supports the servicing functions within the department as necessary Performs additional duties and responsibilities as directed.REQUIRED EXPERIENCEHigh school diploma, GED, or equivalent required. Three to five years of lending processing experience required; mortgage lending experience is preferred. Must possess a demonstrated knowledge of lending regulations (eg Truth-in-Lending, HMDA, RESPA, ECOA, Fair Credit Reporting Act, and Bank Secrecy Act). Must possess an analytical ability to review all documentation needed for the loan files to determine qualifications up front prior to submission of loan to Underwriting or Closing. Must have an understanding of the requirements and features of the mortgage loan programs offered by Andrews Federal, private investors, and the secondary market. Knowledge of Fannie Mae, FHA and VA loan guidelines preferred. Knowledge of FICS mortgage origination and servicing software preferred. Must have strong PC skills including word processing and spreadsheets. Must have excellent organizational, verbal and written communication skills. Must be detail oriented.Must be registered or be able to successfully register as a Mortgage Loan Originator with the Nationwide Mortgage Licensing System and Registry, and to obtain and provide the associated identifier. Must be able to maintain this registration and renew annually as required. PHYSICAL REQUIREMENTSRequires the ability to sit at a desk and computer for extended periods of time. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.