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Mortgage Processor (Dallas / Ft. Worth, TX)

Company: CruiTek
Location: Bedford
Posted on: May 31, 2021

Job Description:

Mortgage Processor
Onsite required in office and local to Bedford, TX
Full-Time Direct Hire Salary up to 50K / year


Summary:This position is responsible for the collection and evaluation ofall information reflected on a residential mortgage loan applications. Verify, through outside sources, the validity of the information, calculate debt-to-income and loan-to-value ratios and assemble a completely documented file for submission to underwriting.

Education and/or Experience:

  • High school diploma or general education degree (GED);and
  • Two to three years of mortgage lending experience, preferable in the loan processing division.


Essential Duties and Responsibilities:
  • Maintain an open line of communication with the applicant throughout the processing period, assisting them with any questions and notifying them of any additional required information;
  • Manage and maintain record of all loans in process in accordance to HMDA guidelines and policies & procedures;
  • Coordinate with mortgage loan originators the proper communication and time management needed to ensure deadlines are met according to HSB loan processing procedures;
  • Open files: review credit reports and order appraisals, send out verification forms and conduct regular follow-up with outside sources of outstanding documents;
  • Monitor incoming documents for information verifying the data collected by loan originator, and log into LOS and track development of information to ensure compliance with underwriting guidelines;
  • Complete a final evaluation and analysis of the completed application package and prepare the file for underwriting;
  • Update Realtors and loan officers on file status;
  • Review the commitment and any additional required disclosures;
  • Coordinate with LO to notify borrowers and realtors of underwriting decision;
  • Assemble and print submission documents, assemble submission file and prepare file for closing department review;
  • Maintain and review files in accordance with ECOA requirements;
  • Prepare, if applicable, the loan for withdrawl according to policies & procedures and ensure accurate tracking of the customers request to withdraw;
  • Manage and maintain record of all loans in process in accordance to HMDA;
  • Work with investor to clear any closing, funding or purchase conditions required; and
  • Other work related duties, as assigned.

Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Learn and maintain a working knowledge of FHLMC and/or FNMA, USDA and FHA/VA guidelines and private mortgage insurance requirements;
  • Must be knowledge of all applicable federal and state laws and regulations and knowledge of Bank policies and procedures;
  • Must be proficient in Microsoft Office software;
  • Must have basic understanding of accounting and finance;
  • Must have analytical, decision-making and problem solving skills;
  • Must pay attention to detail and have strong organizational, interpersonal, effective communication skills and customer relation skills;
  • Must work independently, be self motivated, reliable and flexible;
  • Must be able to pass credit and background screening process; and
  • Bilingual Spanish writing, reading and speaking fluency; preferred but not required.


Keywords: CruiTek, Bedford , Mortgage Processor (Dallas / Ft. Worth, TX), Other , Bedford, Texas

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