Mortgage Processor

Mortgage Processor

TEXAS NATIONAL BANK - 3.8

Tyler, TX Job Details Full-time 7 hours ago Benefits Health insurance Dental insurance 401(k) Paid time off Vision insurance Qualifications Underwriting Spreadsheets Attention to detail Bank experience Organizational skills Productivity software Regulatory compliance analysis Loan processing Banking Time management

Full Job Description Job Title:

Mortgage Processor Department:

Lending Reports to:

Mortgage/Commercial Processing Manager Location:

Tyler, TX FSLA Status:

Non-Exempt |

Full-Time Supervises:

None Mortgage Processor The Mortgage Processor will be responsible for processing, underwriting and closing TRID related loans from application to funding in accordance with all applicable laws and regulations. Mortgage Processor is expected to have appropriate time management skills and an acute attention to detail to provide accurate disclosures and meet regulatory timing requirements as it relates to providing required loan disclosures. The processor must be able to multi-task and work at an efficient pace. In addition to processing and closing TRID related loans, the processor is responsible for loan boarding to the bank's core system and responsible for some mortgage servicing duties such as escrow disbursements. This position is expected to possess a higher knowledge of mortgage related laws, regulations and legal documentation and may be responsible for assisting and/or training other processors. Excellent computer skills and proficiency in Microsoft Excel and Word are a must.

Essential Duties, Responsibilities & Accountabilities:

Communicate with potential borrowers to provide and accept TRID loan applications. Input complete TRID loan applications into the lending software and update accordingly throughout the loan process. Accurately and timely prepare TRID package and other applicable disclosures. Understand and recognize the different phases of the loan application process (inquiry, regulation B application, and TRID application). Understand the general credit and underwriting approval guidelines in order to advise the loan originator of products available to applicant(s) based upon initial application information. Understand the alternative credit guidelines for ITIN and no score applicant(s). Must possess strong communication skills with potential borrowers and internal staff. Understand bank adverse action procedures and prepare denial, withdrawn, and approved not accepted packages for compliance review within required regulatory timeframes. Order and review credit reports. Understand how to identify potential red flags. Prepare necessary loan documents using LaserPro, ordering from attorneys and/or PPDocs. Verify income and assets through verifications of employment and verification of accounts. Order tax transcripts and have the capability to compare to borrower(s) tax returns. Maintain and complete necessary checklists, worksheets, and timelines accurately and timely for proper file documentation. Order and review flood determinations. If applicable, provide appropriate notices and obtain flood insurance. Communicate with the Loan Operations Department to order appraisals and evaluations. Order title commitments and communicate with title companies to coordinate loan closings and obtain post- closing documents. Understand all aspects of initial escrow setup and escrow servicing. Understand High Price Mortgage Loan and High Cost Mortgage requirements and restrictions, if applicable. Understand the various types of Qualified Mortgages. Accurately and timely prepare initial Closing Disclosure/review and approve final Closing Disclosure from title company. Prepare and understand closing documents. Compare the closing disclosure to the applicable loan estimate to determine if all fees are within applicable tolerances and understand the process for providing a lender credit when necessary. Assist with loan closings, when necessary. Fund and upload new loans including escrow setup onto the bank's core platform. Accurately scan/image loan documents within 10 business days of closing. Service mortgage loans post-closing including necessary escrow disbursements, account statements and analysis, Understand how to deliver documents through an e-Sign compliant delivery method such as DocuSign or other third party provider the bank uses. Prepare loan modifications, as necessary. Assist and/or train other mortgage processing staff

Required Skills:

Strong knowledge of consumer, commercial, and real estate loan documentation Knowledge of related state and federal banking compliance regulations and Bank lending policies and procedures Proficient in the use of PC software including Microsoft Office Suite Strong organizational skills and effective time management Ability to work independently with limited supervision Excellent oral, written communication and presentation skills Detail oriented Ability to multitask Strong analytical skills Ability to assume additional tasks and responsibility as assigned by management

Desired Skills:

Minimum of 2 years working experience as a loan processor Experience loan processing Experience working with Laserpro & PPDocs Experience working with

FISERV Navigator & Director Education/Certifications:

Bachelor's Degree Desired Job Type:

Full-time Benefits:

401(k) Dental insurance Health insurance Paid time off Vision insurance

Physical Setting:

Office Experience:

Loan processing: 1 year (Preferred)

Banking:

1 year (Preferred)

Work Location:

In person