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Mortgage Processor Mid-Range Job Details

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Job Number: 4-237646
Job Title: Mortgage Processor Mid-Range
Career Level: Mid-Range
Profession: Banking
Job Type: contract
Location: Rocky Hill, Connecticut
Salary: $15.00 - $18.00 / Hour
Hours: 8am-5pm
Posted: 04/12/10

Required Skills:

Mortgage Closer

Detailed Job Description:

Mortgage Processors:

Reviews the loan application submitted and structures
the loan to accommodate the Automated Underwriting
findings and/or members needs.

May be responsible for preparing 3-Day Doc package to be
sent to the member within regulatory required time
frames. When responsible, submitting all or a portion
of packages to underwriting prior to delivery with
ongoing improvement in underwriting submissions.

Orders and tracks all required documentation to assure
processing timeframes are being met and updates system,
calendars and front of loan file with status.

Works with the customer, client and closing agent to
resolve questions and/or problems immediately upon
inquiry or receipt of documentation from the customer.

Submits fully processed files through automated
underwriting system and submits to Underwriting
Department for decision if required. Resolves issues
and shows ongoing improvement in reducing issues
identified by Underwriter.

Verifies product, rate and point structure according to
client specifications.

Prepares, ensures the accuracy and timely delivery of
commitment letters. Rediscloses ensuring accuracy and
timely delivery as needed.
Reviews appraisals, titles, and purchase and sales
contracts as received, submits them to u/w if necessary,
makes all required calls, system updates and orders any
addendum required related to the review.

If client specifications require; Reviews loan for clear
to close items and confirms the file is being submitted
to the closing department accurately

Clears all underwriting conditions working with customer
and outside vendors

Reviews loan for clear to close items.

Assures documents are delivered to the Closing Dept. in
a timely manner.
Review and monitor the pipelines on a daily and weekly
basis

Must have a minimumof 3+ years recent experience working
with FHA first mortgages.

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