Mortgage Loan Processor II

Mortgage Loan Processor II
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Location: Downers Grove, IL 60515
Start Date: ASAP

Pay Rate: $18.00 hr.

Term: Contract Employee – May convert to a perm position (Based on Performance)

Job Description:

As a Mortgage Loan Processor II, you are a member of our clients Mortgage division.  Candidate would be responsible for facilitating the gathering of loan conditions and submission for final loan approval to meet established loan closing dates, communicate loan status to sales partners, in addition to referral source and borrowers. The candidate would develop and maintain fundamentals of lending, while developing proficiency in processing mortgage loans.

Other Essential Job Functions/ Skill Sets:

• Develops and maintains knowledge and complies with company policies and secondary market requirements pertaining to credit/security standards and regulatory requirements relative to conventional, government and self employed loans, among others; industry standard conveyance/settlement procedures; current real estate laws and appraisal requirements
• *** Experience processing FHA or VA loans preferred***
• Keep abreast of changes in policies, standards and regulations applicable to work unit. Understand and apply local, state, and federal regulations relating to processing mortgage loans
• Promotes and provides excellent customer service by effectively communicating and cooperating with all internal and external customers
• The nature of the communication activities involve distributing and exchanging information with others; working with confidential information, following up with customers, referring customers to appropriate person(s), composing correspondence and memoranda. Prepare documents and forms with accuracy and attention to detail
• Functionality and operation of software programs (i.e. word processing, spreadsheet and database) sufficient to perform job duties. Use of Automated systems for processing in order to verify and ensure the accuracy of data input/output
• General office practices and customer service skills. Operation of office equipment at an acceptable level of proficiency
• Interpretation and application of loan processing policies and procedures in order to correct errors and resolve discrepancies. Apply Principles, practices, and regulations applicable to mortgage lending and secondary market
• Understanding of appraisal and underwriting process
• Complete assigned work to meet deadlines in a high production environment
• Study a situation and decide on course of action based on analysis and within scope of authority
• Contribute to productivity of team through mentoring newly hired processors
• To assist Team Manager with day to day functions

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Mortgage Loan Processor II
---------------------------------------------------------------------------------------------------

Location: Downers Grove, IL 60515
Start Date: ASAP

Pay Rate: $18.00 hr.

Term: Contract Employee – May convert to a perm position (Based on Performance)

Qualifications:

• 2-4 years of Mortgage Processing experience
• Understanding of appraisal and underwriting process
• Conventional, FHA or VA processing experience
• Sound analytical skills needed to analyze information
• Ability to file according to FNMA/FHLMC standards
• Verbal and written communication and interpersonal skills 

Candidate MUST meet Qualifications to be considered for this opportunity

Criminal Background Check and Drug Screen may be required 

 

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