Mortgage Processor

• Process first mortgage loans in accordance with applicable federal/state laws and Navy Federal policies and procedures
• Establish and maintain contact with members and external third parties, including real estate agents, throughout the mortgage loan process
• Continue qualifying applicants when loan circumstances change; interview and counsel members regarding mortgage products and make adjustments as needed
• Provide detailed mortgage information regarding requirements, products, related services, policies and rates
• Clarify complexities of the mortgage/equity loan process
• Evaluate, personalize and recommend financing alternatives
• Obtain, review and verify required documentation, including title insurance, appraisals, applications, credit reports, and income and asset declarations
• Request additional documentation needed to meet loan requirements
• Evaluate documentation, calculate income, review assets, analyze liabilities and clear conditions per delegated authority
• Validate automated underwriting decisions
• Monitor mortgage loan progress and regulatory compliance
• Advise members on approved loan conditions and documentation requirements
• Communicate and document loan decisions
• Ensure RESPA compliance before quality assurance review and closing
• Coordinate settlement dates with members, attorneys and realtors
• Reconcile changes and corrections with closing agents and settlement attorneys
• Analyze, research and resolve account/loan discrepancies and issues
• Prepare and review loan activity reports, status updates and pipeline metrics
• Perform other duties as assigned

• Maintain effective communication with all necessary parties involved in new loan applications, including customers, loan officers, realtors, settlement agents, municipalities, and co-workers.
• Obtain processing-related documentation and information from internal departments and external organizations, including employment verifications, IRS transcripts, title searches, appraisals, and bank statements.
• Notify necessary parties of irregularities relative to standard mortgage guidelines.
• Monitor, update, and analyze credit reports, appraisals, income documentation, and verifications for adherence to product, underwriting, and investor guidelines.
• Perform administrative duties supporting mortgage origination, including preparing commitment letters, reviewing title and homeowner’s insurance, mailing loan suspend notices, providing closing attorneys with documentation, and completing processing checklists.
• Scrutinize loan applications to assess qualification, restructure loans, or recommend solutions.
• Review and accept loan conditions based on underwriter requirements.
• Ensure adherence to regulatory requirements and guidelines.
• Evaluate borrower fee changes and recreate required regulatory documents.
• Work with internal and external customers, including co-workers, borrowers, and loan officers.
• Identify risk-related issues requiring escalation to management.
• Promote an environment supporting belonging and reflecting the M&T Bank brand.
• Complete other related duties as assigned.

Mortgage Processor III

• Maintain effective communication with all necessary parties involved in a new loan application, including customers, loan officers, realtors, settlement agents, municipalities, and co-workers.
• Obtain processing-related documentation and information needed to complete applications, including Verification of Employment, IRS Transcripts, title searches, appraisals, and bank statements.
• Notify necessary parties of irregularities relative to standard mortgage guidelines.
• Monitor, update, and analyze credit reports, appraisals, income documentation, and verifications for adherence to product, underwriting, and investor guidelines.
• Perform administrative duties supporting the origination department, including preparing and mailing commitment letters, reviewing title and homeowner’s insurance, mailing loan suspend notices, providing closing attorneys with documentation, and completing processing checklists.
• Scrutinize loan applications to assess qualification, restructure loans, and recommend solutions.
• Review and accept loan conditions based on underwriter requirements.
• Ensure adherence to regulatory requirements and guidelines.
• Evaluate borrower fee structure changes and recreate required regulatory documents.
• Work with internal and external customers, including co-workers, borrowers, and loan officers.
• Identify risk-related issues requiring escalation to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Complete other related duties as assigned.

• Process applications from submission through underwriting and closing
• Gather initial loan file documents and complete pre-review
• Ensure borrower-qualifying documents are complete and entered into loan origination systems
• Submit files to Underwriting
• Review approval conditions for accuracy and clear them or resubmit them to Underwriting in a timely manner
• Communicate daily with loan officers, borrowers, underwriters, closers, AMCs, and title companies
• Review, upload, organize, and label file documentation in the loan imaging system
• Analyze credit, income, tax returns, asset documents, and payment history
• Clear loan conditions for final loan approval
• Perform final data review before transfer to the closing department
• Complete other mortgage- or company-related tasks assigned by Management
• Demonstrate professional behavior with colleagues, management, and customers
• Work independently and as part of a team

Mortgage Processor jobs in United States