Towne First Mortgage Loan Processor (Administrative)
Essential Functions:
Obtains and verifies all data and supporting documentation regarding a customer's income, assets and liabilities.
Handles customer calls as needed and follows through to obtain any missing information supporting the customer's application.
Ensures coordination and communication between internal and external customers (including Loan Officer, Realtor, Underwriting Department, Appraiser, Attorney, etc.).
Submits loans through necessary Automated Underwriting Systems (including DU, LP & GUS) and obtains underwriting findings.
Keeps records and documents all correspondence throughout the file process.
Monitors the flow of through underwriting and closing to ensure all conditions are met and file is closed on time.
Reviews and manages pipeline for accuracy.
Collects and records accurate information in the appropriate fields of Encompass.
Complies with Banks Policies and Procedures, as well as regulatory compliance.
Keeps abreast of industry regulations and changes.
Obeys all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).
Minimum Required Skills and Competencies:
Minimum 2 years' experience processing VA, FHA, Conventional, NC Housing and VHDA loans.
High School Diploma or equivalent
Knowledge of FNMA/FHLMC, FHA, VA, NC Housing and VHDA underwriting guidelines.
Knowledge of real estate lending criteria, compliance, federal/state regulations.
Excellent organizational, oral and written communication skills.
Strong computer skills and experience with automated underwriting systems.
Ability to perform in a fast-paced environment typical to Mortgage Banking.