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Mortgage Loan Processor II

Ridgeland, MS 39157

Posted: 05/21/2020 Industry: Banking Pay Rate: $29k-$46k DOE

Job Description

Candidates must be in their position for a minimum of 12 months and have a performance rating of Outstanding or High-Performing to be eligible to post for a position. 

Mortgage Loan Processor II Primary Duties and Responsibilities:

  • Review loan applications for errors and omissions by originator and correct any errors
  • Confirm that disclosures were signed and dated and that lock in is registered or floating
  • Compare and/or pull credit report to debts on application and update trade lines with credit bureau
  • Order telephone certificates, VOE, VOD and Bank Statements.
  • Order case numbers for FHA or VA appraisals and request appraisal for FHA and VA.
  • Update originator with documents needed and keep the originator updated with items received.
  • Process loan estimates and send to applicant.
  • Compile complete loan file and submit to underwriter per investor order
  • Either .submitting to delegated or correspondent underwriter
  • Order Flood Certificates and PMI
  • Issue closing instructions or commitment letters
  • Complete HMDA LAR
  • Verify that information is in compliance with investor guidelines
  • Maintain a monthly closing list from originators to make sure closing dates are met
  • Attend training seminars and meetings
  • Keep updated with investor and loan prospector updates and inform originators
  • Keep updated with Desktop and loan prospector updates and/or changes and inform originators
  • Perform other duties as assigned
  • Maintain a thorough knowledge of Bank products, services, policies, procedures and appropriate regulatory issues as related to daily job functions including but not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E; etc
  • Complete required compliance training and adhere to the Bank's standard of conduct
  • Participation in the bank's High-Performance Rewards Connections program
  • Make referrals to the Mortgage Center and Wealth Management

Job Requirements

Position Requirements:

  • Bachelor’s Degree Preferred 2-5 Years of Similar or Related Experience
  • General Computer and Typing Experience including the Microsoft Office Suite
  • Excellent Verbal and Written Communication Skills
  • Ability to work overtime and weekends as necessary



Meet Your Recruiter

Kelly Sellers

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