Loan Processor

Loan Processor


Loan Processor

Details of the offer

Job Description 13; Pre:underwrites files assuring accuracy, quality and compliance prior to submitting files to underwriter or investor. Processes all mortgage loans and works with closing area to resolve any processing issues.


:Processes mortgages loans to ensure maximum efficiency. Provides technical guidance and training and monitors completed files for quality and compliance with all applicable regulations for junior loan processors.
:Receives new originated loans from loan officers and inputs application data into mortgage processing software.
:Collects and deposits up:front fees from clients and customers.
:Pre:underwrites files for assurance of accuracy, quality and compliance prior to submitting to underwriting.
:Ensures all files meet the necessary federal and state regulations and rules to ensure compliance.
:Verifies accuracy of all information provided by customers including credit and employment.
:Communicates with clients, customers, realtors, builders and various companies to obtain property survey, appraisal, flood certification, title commitment and insurance policy and all other necessary information to meet closing requirements.
:Apprises customer and realtor of loan status. Establishes a closing date, prepares loan closing sheet and submits file to loan closer.
:Works closely with closing area to resolve any processing issues that may arise.
:Provides professional and courteous service to clients, customers and employees.
:Promotes George Mason Mortgages image, products and services
:Responsible for complying with the various rules, regulations, policies and ethical standards governing the financial services industry including compliance with the Bank Secrecy Act.
:Performs other duties as assigned.

:In addition to the standard Loan Processor duties selected Processors may be designated as Bond and Grant loan program experts and will be responsible for the following:
:Develop and maintain standardized Processing procedures for the Maryland Mortgage Program, DC Open Doors, and other government sponsored programs as directed
:Coordinate with the GMM Closing and Underwriting Departments to ensure timely and efficient closings for customers utilizing these programs
:Maintain and update specific document requirements with the GMM Product Management Department
:Provide technical guidance and act as a subject matter expert for other GMM Processors.
:Conduct periodic training with GMM Ops personnel as new products are introduced or updates occur
:Review other Processors loans prior to submission to GMM Underwriting and/or external investor underwriting on an as needed basis
:Process these specific loan types for other GMM Branches with management approval.
:Perform other duties as assigned.

:This position does not include supervisory responsibilities.

Qualifications 13;
:High school diploma or GED required. Prefer Associates degree from two:year College or technical school or equivalent combination of education and experience.
:Minimum of two to four years mortgage lending processing experience required.


:Knowledge of Federal and State regulatory requirements
:Knowledgeable of VA/FHA/FNMA/FHLMC Guidelines
:Knowledge of AUS Systems DU/LP
:Ability to perform mortgage lending calculations (debt ratio, income, loan to loan value ratio)
:Excellent communication and organization skills
:Ability to handle confidential information with discretion.
:General PC proficiency and operating knowledge of standard office equipment.
:Ability to work flexible hours and overtime during peak business flow.
:Excellent interpersonal skills and a high level of tact in directing junior processors.
:Excellent written and oral communication skills.
:Independent judgment in resolving complex problems an

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