Job Description
Mortgage Processor
Classification: Non-Exempt
Reports to: Senior Mortgage Loan Processor
Summary/Objective
The Mortgage Processor is responsible for processing Secondary Market and Express Mortgage loans including In-House, conforming Fannie Mae Conventional, FHA, VA and USDA loans in a timely manner while keeping close communication with the Mortgage Originator throughout the entire process.
Primary Functions
• Review initial disclosure packages to ensure packages were delivered timely.
• Order all verification documents as required by Automated Underwriting System (AUS) – VOE, VOD, VOR, VOM, Tax Transcripts, Fraud Reports, etc.
• Order case number, Certificate of Eligibility, Statement of Service, and any other additional documentation as required by government agencies.
• Order appraisals and final inspections as needed.
• Make necessary changes to Encompass and AUS as verification documents are received.
• Responsible for monitoring rate lock expirations and extending or re-locking loans as needed.
• Identify changes that require a Change of Circumstance and Re-disclosure. Follow bank procedures for the request and delivery of re-disclosure.
• Responsible for submission of files to the proper underwriting channel while ensuring that files are, complete, compliant and well-documented.
• Work closely with Mortgage Originators to gather required documentation in order to clear any underwriting conditions.
• Order any required closing documentation – title work, flood certification, property insurance private mortgage insurance, draft Closing Disclosure, payoff statements, etc.
• Order closing documents from the closing department.
• Review Closing Disclosure prior to delivery.
Secondary Functions
• Assists with resolution of Encompass support issues.
• Provides back-up support for Mortgage Disclosure Specialist or other “team” or group positions.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Supervisory Responsibility
Generally, this position does not have direct supervisory responsibilities.
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.
Physical Demands
• Prolonged periods working at a desk.
Position Type/Expected Hours of Work
This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m.
Travel
Minimal travel is expected for this position.
Required Education, Experience, And Skills
• High School Graduate or GED.
• Ability to recognize potential problems and provide proactive communication to find resolution.
• Working knowledge of Microsoft Office products, specifically Word and Excel.
• Excellent verbal and written communication skills.
Preferred Education And Experience
• Post High School Education or 2 years of related experience.
• Experience with Secondary Market mortgage lending, investor and government agency requirements, and automated underwriting systems.
• Knowledge of current mortgage lending regulations.
• General knowledge of the mortgage lending process, disclosures, and other documentation.
• Encompass experience.
AAP/EEO Statement
Citizens National Bank is an equal employment opportunity employer and complies with all applicable laws and regulations regarding affirmative action and equal opportunity and does not illegally discriminate against anyone protected by law because of that person’s race, color, religion, sex, national origin, age, or the individual’s status as a veteran or a qualified disabled individual.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
