Job Details

Position Overview:The Mortgage Processor (Veterans Only) is responsible for managing and processing mortgage loan applications, ensuring that all required documentation is accurate and complete. This role involves coordinating with loan officers, underwriters, and clients to facilitate a smooth and efficient loan approval process. The processor works under the supervision of a financial institution or mortgage company and focuses on serving the veteran community. This is a salaried position with benefits.

Key Responsibilities:

1. Loan Application Review:

   • Review mortgage loan applications for completeness and accuracy.
   • Verify client information and gather necessary documentation, including credit reports, income statements, and employment records.
   • Ensure all required documents are obtained and properly filed.

2. Documentation and Verification:

   • Verify the accuracy of all information provided by clients.
   • Ensure that all documentation meets federal, state, and company regulations.
   • Order and review third-party services such as appraisals, title searches, and credit reports.

3. Coordination and Communication:

   • Communicate with loan officers, underwriters, and clients to gather additional information as needed.
   • Coordinate with relevant parties to resolve any issues or discrepancies in the loan application.
   • Keep clients informed of the loan status and any additional documentation required.

4. Loan Processing:

   • Prepare and submit loan files for underwriting approval.
   • Monitor the loan approval process to ensure timely and accurate completion.
   • Address any conditions specified by underwriters and ensure all requirements are met.

5. Compliance and Record-Keeping:

   • Maintain accurate and up-to-date records of loan applications and processing activities.
   • Ensure compliance with all regulatory and company guidelines and standards.
   • Protect client confidentiality and secure sensitive financial information.

6. Veteran Community Engagement:

   • Act as a liaison between the financial institution and the veteran community.
   • Provide specialized services and advice tailored to the unique needs of veterans and their families.
   • Participate in events, seminars, and workshops aimed at educating veterans about mortgage options and financial planning.

7. Training and Development:

   • Stay informed about industry trends, regulations, and products through ongoing training and professional development.
   • Attend company meetings, training sessions, and seminars as required.

Qualifications:

• Education:Bachelors degree in finance, business, or a related field is preferred. High school diploma or equivalent is required.
• Experience:Previous experience in mortgage processing, financial services, or a related field is preferred. Military experience is highly valued.
• Skills:
  • Strong attention to detail and organizational skills.
  • Excellent communication and interpersonal abilities.
  • Proficiency in computer software and systems used in mortgage processing.
  • Ability to work independently and manage time effectively.