Mortgage Loan Processor Resume Samples

Description :

1. Responsible for collecting and verifying all documentation required for loan submission is complete and in compliance.
2. Working with each client collecting all documentation make sure all documents are signed and dated correctly that is required by the investor/lender and government for final loan approval and clear for closing status.
3. Includes verifying income and employment documentation to verify ratios are in line for loan program and loan to value is in line for loan requirements.
4. Gathering all documentation necessary for closing including mortgagee clause changes for homeowner’s insurance.
5. Verifying all invoices and fees necessary for closing, and ordering the closing package and title to the subject properties are clear.
6. Following up with our clients and making sure clients understand all documents they are signing and are aware of items they have provided and insure all items are secured with the highest securities and confidential at all times.
7. Funding responsible for following up with title and lender to verify loan in compliance and funding approval received.

Experience

0-2 Years

Level

Junior

Education

Diploma

Description :

1. Examine documents to verify that the appropriate documents and disclosures are included.
2. Accurately analyze credit, calculate income, and evaluate assets, liabilities, and collateral per agency and investor guideline.
3. Responsible for review of underwriting conditions and gathering of documentation needed for underwriting.
4. Possess strong working knowledge of lender/investor guidelines and requirements.
5. Review conventional, FHA, and VA loan submissions for completeness and compliance, including 1003, credit report, income, and asset documentation, purchase agreement, and title report.
6. Read and interpret automated underwriting decision results in both desktop underwriter and loan prospector.
7. Maintain an effective working relationship with internal and external clients.
8. Ensure loan submissions meet agency and government guidelines before submitting to underwriting for review.
9. Review conditions submitted on loans and sign off on conditions where appropriate.

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Experience

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10+ Years

Level

Senior

Education

Banking

Description :

• Process the documents received for each file, verifying the accuracy and completeness of each document.
• Assure that all customer files are complete and in compliance with regulatory agencies and internal policies.
• Establish, maintain, and update files, databases, records, and/or other documents for recurring internal reports.
• Collect required documentation from applicants and follow up on missing items.
• Communicate and build professional relationships with internal and external business partners.
• Schedule closing, order mortgage insurance certificates and perform post closing call to assure customer satisfaction.
• Submits approved mortgage loan file to mortgage loan closer for settlement.
• Help guide borrowers with the best option for a mortgage purchase or refinance for their financial success.
• Answers calls in a timely manner works closely with other departments to get members problems resolved ability to organize my time and use resource materials given to me.

Experience

7-10 Years

Level

Management

Education

Diploma

Description :

1. Work closely with the mortgage specialist and sales opener to ensure that all information obtained on the application is complete, legible and ready for underwriter review.
2. Register all application data into the appropriate program depending upon the loan type the client has requested.
3. Review various loan products, pricing and confirm ltv ratios for all clients.
4. Order appraisal reports and maintains communication with appraisers to ensure that all appraisal reports are received in a timely manner.
5. Order title reports and maintains communication with the title company to ensure that all title requests are received in a timely manner.
6. Monitor all loans within the pipeline to prevent any delays or interruptions from registration through closing.
7. Notify mortgage specialist, sales opener or underwriter when new or updated loan information is received.

Experience

7-10 Years

Level

Management

Education

Bachelor of Arts

Description :

1. Interpreted policies while analyzing applications, property specifications and documentation.
2. Ordered all required verification’s and conducted follow up with the customer or internal contacts as needed.
3. Made sound business decisions based on credit risk policy and procedures.
4. Performed high volume, time sensitive tasks related to the loan documentation process which includes researching and problem-solving to ensure compliance with customer loyalty, quality and timeliness standards.
5. Demonstrated solid proficiency for processing government, conforming and/or non-conforming loans.
6. Acted as the main contact point for the customer throughout their loan process.
7. Requested and gathered all required documentation while ensuring that a high level of customer service was consistently provided.
8. Provided regular and consistent communication with the customer, home mortgage consultant, and the underwriter.

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Experience

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0-2 Years

Level

Entry Level

Education

General Education

Description :

• Requested, reviewed, and submitted additional documentation to loan underwriters for review.
• Verified client eligibility as homebuyer through federal home loan programs.
• Evaluate and review exception reports to ensure that all tasks are completed and meet expected closing date.
• Reviewed and approved confidential documentations for clients during the home buying process.
• Handle tasks of confirming information by contacting verification sources and mailing verification forms.
• Perform responsibilities of validating loans in automated underwriting systems including lp and du and submit to underwriting.
• Prepare as well as ensure accurate, complete, and timely loan data on the processing system.
• Multitude of loan products responsible for preparing mortgage loan file by reviewing, clarifying, and obtaining loan application additional information.

Experience

2-5 Years

Level

Executive

Education

MBA

Description :

1. Assign closing date, disbursement date, list all conditions assigned to title company.
2. Make sure good faith estimate has disclosed all fees correctly to stay within reps tolerance, correct or add accordingly.
3. Preparing funding, wire information and obtain documents for the booking process.
4. After funding upload signed closed package to the investor, clear any outstanding conditions, send a collateral package to an investor.
5. Obtain purchase advice, complete hmda report, upload final documents and close file.

Obtains and verifies that all underwriting conditions are received and cleared by the underwriter and prepares the file for submission to the closing department.Once loan was issued an approval, its the processors job to issue a missing items letter to the lo and borrower.

Experience

2-5 Years

Level

Executive

Education

Diploma

Description :

1. Processes mortgage loan applications in accordance with bank & secondary marketing guidelines.
2. Validates information supplied by the mortgage loan application for underwriting.
3. Reviews financial and confidential documents to ensure compliance with federal regulations and established policies and procedures.
4. Ensures customers are notified in a timely manner of declines and recommends other mortgage products that may be a better fit for the customer.
5. Communicates on an ongoing basis with the mortgage loan applicant and mortgage banker the status on files.
6. Acts as a liaison between internal customers, attorneys, realtors, insurance agent to ensure closing dates are met.
7. Resolves any discrepancies that may occur during any time from the initial application to post-closing.

Verify loan documents including income, assets, credit, appraisal and title insurance ultimately verifying application for final submission to underwriting.Responsible for ensuring that all loan documentation is complete accurate verified and complies with company policy.

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Experience

5-7 Years

Level

Consultant

Education

Bachelor of Science

Description :

1. Ensured the timely and accurate packaging of all loans originated by the assigned loan origination team.
2. Input loan information into the loan origination software(s) used by our office as well as our lending partners.
3. Verified, requested and coordinated sufficient loan documentation including income/liabilities, credit, income, appraisal, and title insurance to prepare loan packages for submittal to one of several lenders.
4. Reviewed underwriting approvals, requests, receive and clear conditions required prior to funding.
5. Requested closing documents, scheduled closing agents and scheduled the closings with the borrowers.
6. Prepared loan packages for internal compliance checks and file storage.

Maintained customer confidence by keeping mortgage loan information confidential.

Experience

7-10 Years

Level

Management

Education

Diploma

Description :

1. Ordering all necessary supporting documentation such as voe, title, appraisal, transcripts, case numbers.
2. Submitting files to underwriting and communicating with borrower/realtor/builder to provide current status reports.
3. Analyzing information regarding a borrower’s income, assets & debts and determining the proper loan program for the borrower.
4. Determine if a file is ready to be underwritten, if not ready, ability to determine missing critical documentation.
5. Ordering and receiving all applicable loan documents, perform document review of mortgage loan file for completeness.
6. Ensuring accurate and complete packaging of loan documentation and expediting the mortgage loan process.

Processing of real estate loan files, paperless – conventional, fha and va ordering of insurance binders; credit report supplements; occasionally ordering of updates/corrections to appraisals and title work, as well as updates to all.

Experience

10+ Years

Level

Senior

Education

Bachelor of Science