Senior Mortgage Loan Processor R014708 Position Available In Orleans, Louisiana
Tallo's Job Summary: The Senior Mortgage Loan Processor R014708 position involves reviewing and inputting documents into the Mortgage Loan Operating System, verifying application data, running the Automated Underwriting System, and coordinating with various parties to ensure loan completeness. This role requires a high school diploma or equivalent, with four to six years of related experience. The employer is an Equal Opportunity/Affirmative Action Employer.
Job Description
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Essential Duties and Responsibilities include the following. Other duties may be assigned.
Reviews and inputs incoming documents (i.e. VOE, VOD, credit, etc.) into Mortgage Loan Operating System (LOS)Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
Reruns Automated Underwriting System (AUS) to ensure same automated decision is applicableRecommends that loan not meeting standards be deniedCalls specified companies to obtain property abstract, survey, and appraisal if neededDetermines if appraisal is to be ordered and what typeReviews appraisal for errors and meets underwriting criteria and notifies lender of any discrepanciesInforms supervisor of discrepancies in title or surveyAssembles file in electronic imaging system and reviews for completeness and accuracyNotes the estimated closing date and type of transactionReads notepad for pertinent information not obvious in file, identifies missing items and notifies appropriate partyOrders updates to credit reportRequests needed documentation not previously requestedReconciles LOS and AUSGathers all required documentation prior to closing and resubmits for final approvalSubmits mortgage loan application file for underwriting approvalOrders flood determinationTypes and mails approval and denial letters to applicantsConfirms closing date and location of closingSends out construction package if necessary to branch lendersPrepares closing sheet and sends file to closing department for settlementNotates denial or withdrawal status in LOS and prints appropriate packageSubmits denied files to underwriting for review and signaturesReconciles fees to determine if funds are missingRecords data on status of loans, including number of new applications and loans approved, canceled, or denied
Minimum Required Education and Experience:
Required:
High school diploma or general education degree (GED) and four to six years related experience and/or training; or equivalent combination of education and experience
Preferred:
Bachelor’s degree and four to six years related experience and/or training
Experience Preferred:
Four to six years of mortgage lending or similar finacial experience and/or education.
Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.
