Summary: The Processor is responsible for preparing loan submission received from Loan Officers for underwriting with Clear Modern Mortgage. They are also responsible for submitting, tracking, and following up on all documentation required to close loans.
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Review submissions for completeness of documentation required for loan approval.
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Construction loans ,FHA, VA, CONVENTIONAL, DPA, and NON QM Loans.
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Prepare/Review Initial Disclosures
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Submit all eligible files through DU/DO/LP/GUS for automated approval prior to submitting to APMC or other lending institution.
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Point of contact for Loan Officer and/or Borrower
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Obtain and review needed documentation for final approval. Follow up and work with Loan Officer/Borrower through funding on any items needed to close loans.
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Ensure all borrowers receive final 1003 and MLDS in escrow prior to signing loan docs.
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Final HUD 1 Review
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Follow through in obtaining broker check and other documentation needed for closing
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Close out files after funding to meet the standards of our Quality Control Department, work on any files with missing documentation or those that may need corrections to make sure that all files meet AMPC standards for Quality Control.
- Conduct weekly pipeline review meetings with Loan Officers
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Maintain current posted turn times and customer service levels
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Develop and maintain current procedures for all functions within the Loan Processor position
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Additional projects as assigned.
Strong knowledge of multiple loan programs including FHA/VA, Conventional, ACCESS, USDA, DU/LP.
At least 5 years mortgage experience
Encompass Experience
Supervisory Responsibilities: None
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Competencies: To perform the job successfully, an individual should demonstrate the following competencies:
Problem Solving –Analytical, evaluative, and problem-solving. Identifies and resolve problems promptly; gathers and analyzes information skillfully; develops alternative solutions; works well in group problem solving situations; uses reason even when dealing with emotional topics.
Detail Oriented – Keen attention to detail
Interpersonal Skills – ability to work with diverse base of contacts (Loan Officers, clients, agents, lenders, title companies, etc.).
Oral Communication – Ability to present ideas in business-friendly and user-friendly language. Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; participates in meetings.
Written Communication – Writes clearly and informatively; edits work for spelling and grammar; presents numerical data effectively; able to read and interpret written information.
Teamwork – Ability to work in a team-oriented, collaborative environment. Contributes to building a positive team spirit.
Attendance/Punctuality – Is consistently at work and on time, ensures work responsibilities are covered when absent.
Dependability – Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; complete tasks on time or notifies appropriate person with an alternate plan.
Initiative – Exceptionally self-motivated and directed. Volunteers readily; undertakes self-development activities; seeks increased responsibilities.
Innovation – Displays original thinking and creativity; generates suggestions for improving work.
Skills:
Language Skills: Ability to read and interpret documents and writes routine correspondence. Ability to speak effectively with customers/vendors or other employees.
Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.
Reasoning Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situation.
Computer Skills: Sound working knowledge of computer and office software operations and systems such as MSWord, Excel, Outlook, and Calyx POINT. Encompass a plus.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to walk and stoop.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level and temperature in the work environment is usually moderate.
