Description
What You'll Do
A Mortgage Loan Processor organizes the paperwork and documents pertaining to a mortgage loan. They are responsible for preparing disclosures, ordering appraisals, title work and escrow. Processors confirm data as compiled by the loan originator in SNMC’s Loan Operating System.
Essential Functions:
To verify the borrower's information, Mortgage Loan Processors order credit reports, ,verify employment with the employer, review documentation provided by the borrower, title company, appraiser, real estate agent to support the following:
- Employment
- Income
- Assets
- Net worth
- Willingness to pay
- Property appraisal
- Property survey
In their final analysis of the loan, the Mortgage Loan Processor determines when the file is complete and ready for underwriting submission. The file is then submitted to the underwriting for underwriting of all the documentation prepared and reviewed by the processor.
- Review the loan package
Upon loan approval the Loan Processor will be responsible for coordinating the closing and funding of the loan with loan closer, loan originator, title, escrow and borrower.
- Accumulate any additional conditions as required from the borrower for funding.
Requirements
What We'll Love About You
- Excellent customer service
- Effective communication skills including written and verbal
- Basic knowledge of lender’s and investor’s underwriting and program guidelines
- Ability to prepare state and federally required disclosures
- Ability to manage processing pipeline
- Knowledge of basic underwriting guidelines to calculate income, assess adequate asset availability, review appraisal report, read title commitment/preliminary title reports
- 2+ years experience Preferred
What You'll Love About Us
- Great Company Culture
- Top Workplaces 6 years in a row (2016,'17,'18,'19,'20 & '21)
- Going Places. Company recently added to the Russell 2000 Index, attributing our strong growth
- Rest and Relaxation. Accrued sick / vacation leave and 10 paid holidays
- Health Benefits. Medical with HSA and FSA options, dental, and vision
- Prepare for the Future. 401(k) with company match
Physical Requirements
- Ability to sit for extended periods while performing computer-based work.
- Frequent use of a computer, keyboard, mouse, and telephone throughout the workday.
- Ability to view and read information on computer screens and printed documents.
- Frequent verbal communication with employees, loan officers, customers, and third-party vendors via phone, video conference, and in person.
- Ability to hear and comprehend conversations in person and over the telephone.
- Occasionally stand, walk, bend, reach, stoop, and lift or carry office materials weighing up to 20 pounds (such as files, paper boxes, office supplies, or equipment).
- Ability to maintain concentration and attention to detail while performing repetitive administrative tasks in a fast-paced environment.
- Ability to work in a standard office environment with frequent interruptions and changing priorities.
- May occasionally be required to attend meetings or training sessions at other company locations.
Skills Required
- Excellent customer service
- Effective written and verbal communication skills
- Basic knowledge of lender and investor underwriting and program guidelines
- Ability to prepare state and federally required disclosures
- Ability to manage processing pipeline
- Knowledge of underwriting guidelines to calculate income, assess assets, review appraisal, and read title commitment/preliminary title reports
- Experience with SNMC's Loan Operating System or similar loan origination/processing systems
- 2+ years experience
What We Do
Security National Financial Corporation and its wholly owned subsidiaries operate in three main business segments: life insurance, cemetery and mortuary, and mortgage loans. More info at www.securitynational.com. The design and structure of our company is that each segment is related to the others, and contributes to the profitability of the whole. For example, our cemetery and mortuary operations enjoy a high level of public awareness that assists in the sales and marketing of our insurance and pre-need cemetery/funeral products. Security National Life Insurance Company in turn invests its assets in high quality mortgage loans. Thus, while each segment is a stand-alone profit center, this horizontal integration is planned to improve profitability. Our company also actively pursues growth through acquisitions of life insurance companies and mortuaries, and by expanding our mortgage operations.
