Mortgage Loan Processor
Location: Richmond, Virginia
Description: Reichard Staffing Solutions is presently looking of Mortgage Loan Processor right now, this career will be placed in Virginia. Detailed specification about this career opportunity please read the description below. Reichard Staffing is currently hiring Mortgage Loan Processors for a nationally recognized financial institution located in Richmond. This is a long term contract lasting approximat! ely 11 months. The hours for this opportunity will be Monday - Friday, 8:00 - 5:00 p.m . Our client is looking for recent and relevant Mortgage Processing experience . Pay is commensurate on experience and will be discussed during a phone interview.
Mortgage Loan Processor : acts as the liaison among all parties (lender, buyer, seller, title insurer) to a mortgage, deed of trust or similar real estate-related closing transaction. Responsible for reviewing closing-related documents, including, but not limited to, mortgage loan commitments, loan documentation, surveys and title reports. In some cases, may also be responsible for preparation of closing-related documentation. Also responsible for assisting all parties in resolving any pre-closing conditions or issues, such as exceptions to or defects in title. This position falls into the legal service line where local regulations permit an attorney or paralegal to perform the transaction.
Essential ! Job Functions include the following :
Facilitating com! munication between the Borrower, the Loan Officer, and the underwriting representative to gather required documentation and continually update all parties as to the progress of the loan in the approval process. Communication will include both written and verbal communication and the Loan Processor must be proficient and timely in both forms.
Analyzing income verification documents including paystubs, tax returns, social security retirement and disability rewards statements to determine qualifying income according to both investor and internal underwriting standards. This may include contacting employers to independently verify qualifying income and qualifying income sources.
Analyzing asset verification documents including bank statements and other liquid asset account statements to verify required closing and reserve funds according to both investor and internal underwriting standards. This may include contacting financial institutions to verify qualifying ass! ets and sourcing and seasoning funds being used to qualify the loan.
Analyzing credit reports and in certain instances updating information through approved credit reporting provider(s) to certify the credit history for eventual analysis by the loan underwriting representative.
Analyzing title commitments to verify property ownership and items that could impact the lender?s desired lien position.
Obtaining verification and analyzing loan payoff statements, property tax liability statements, and hazard insurance verifications according to loan qualification standards set by internal Loan Policy.
Preparing revisions to loan disclosures, when applicable, and delivering the revisions to the borrower within federally required time frames.
Utilizing and analyzing approved Automated Underwriting Systems to secure accurate automated underwriting approvals required for final loan analysis.
Requirements
To perform this job successfully, an indivi! dual must be able to perform each essential duty satisfactorily. The re! quirements listed below are representative of the knowledge, skill, competency, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
High level of organization skills and the ability to continuously multi-task a large loan pipeline. This will require strong attention to detail and focus on quality and accuracy.
Knowledge and proficiency in the use of automated underwriting systems.
Highly proficient verbal and written communication skills.
Working knowledge of agency and federal mortgage lending regulations.
Ability to collect data, establish facts and draw valid conclusions. Ability to apply common sense understanding to carry out instructions. Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or mathem! atical form. Ability to reason and analyze routine real estate and consumer lending situations. Must be able to analyze loan applications with varying content in adherence to prescribed procedures and analyze financial data to support recommendations.
To perform this job successfully, an individual should have experience with Windows based software, loan calculation software, bank application software program, and e-mail; and ability to operate a computer, calculator, telephone, and typewriter/keyboard.
Ability to interact in a positive and professional manner and to develop and maintain strong working relationships with customers, co-workers, employees and management; the ability to respond promptly to customer needs and requests for service and assistance; and ability to meet commitments.
***All Candidates must pass a drug and background test
***Please submit a WORD formatted resume to be considered for this position.
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If you were! eligible to this career, please give us your resume, with salary requi! rements and a resume to Reichard Staffing Solutions.
Interested on this career, just click on the Apply button, you will be redirected to the official website
This career will be opened on: Wed, 22 May 2013 14:17:56 GMT
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