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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.

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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