Mortgage Loan Processor 

R & J capital is currently seeking a full-time Mortgage Processor. The Mortgage processor wil be in charge of setting up loans by ordering appraisals, tax transcripts and fraud checks; assembling and completing loan files; preparing and submitting completed loan files to underwriting; clearing underwriting conditions; and obtaining clearance to transfer loan to closing departments.

Essential Job Functions:

  • Evaluate and assess residential mortgage loan applications as assigned.
  • Perform a preliminary review of each application for compliance and completeness.
  • Run DU or LP underwriting engine as appropriate. Compare findings with loan file documentation and collect additional documentation as needed.
  • Identify any change of circumstance and prepare and deliver any required re disclosures.
  • Evaluate risk of residential mortgage loan application based on sound underwriting standards.
  • Image and accurately organize all file documentation to comply with company and industry standards.
  • Prepare and submit completed loan file to underwriting for decision based on mandated quality control guidelines and regulatory compliance.
  • Resubmit loan file to obtain clear to close status and collect prior to closing documents.

Knowledge, Skills and Experience Requirements:

  • Knowledge of Fannie Mae/Freddie Mac lending programs, MI guidelines, current mortgage industry file documentation and QM underwriting standards.
  • Mortgage processing experience required.
  • Working understanding of compliance and regulatory guidelines including Fair Lending, TRID, and HMDA reporting.
  • Ability to evaluate Automated Underwriting Findings.
  • Strong verbal, written and interpersonal skills.
  • Experience with Calyx Point is a plus.
  • Candidate must possess positive and professional work ethics, and must be able to be a team player as well as work independently.

This position offers job growth potential

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