Bank of the West Sr First Mortgage Processor Remote in Salt Lake City, Utah
Sr First Mortgage Processor Remote
Job Description Summary
Responsible for performing a variety of processing functions for moderate to
complex loan files including FHA and VA, while ensuring a timely, accurate and
cost effective support of the Bank's lending operations. Processing functions
include: desktop underwriting, receipt of loan documentation, and ordering of
third party items through preparation of package for loan closing. Ensures
compliance in all areas of desktop underwriting, PMI and secondary market
guidelines. Meets timeline and objectives daily while handling customer
inquiries and detecting deficiencies in the loan early in the process.
Essential Job Functions
Receives loan application from MB and reviews documentsto ensure all necessary forms have been completed and comply withunderwriting, PMI and secondary market guidelines.
Determines and evaluates documentation needed to complywith underwriting, PMI, secondary markets marketing and government agencyguidelines. Suggests alternative methods to obtain satisfactorydocumentation when necessary. Detects non-qualifying applicants early inthe process and recommends innovative viable alternatives to qualify theloan.
Sets up loan files and enters information for trackingof loan. Submits loans trough DU/LP automated underwriting system uponvalidation. Prepares and mails initial or revised disclosures, ifapplicable.
Verifies credit report, income and assets, and orderspreliminary title report, appraisal, fee/escrow instructions and allverifications necessary to complete the loan file. Solves problems andoffers solutions to processors when verifications alter the quality of theloan. Prepares loans for processing sign off within specified number ofdays.
Reviews and evaluates all documents, including taxreturns using judgment to ensure loan falls within guidelines per loantype.
Determines allowable income to be used for loancalculations that comply with underwriting guidelines, including complexpersonal and business tax returns.
Works with the team leader on file flow, andproactively assures timely completion of the file. Offers alternatives andsolutions to meet time frames and guidelines. Reviews and validates theappraisal to ensure it complies with agency and USPAP/FIRREA guidelines.Communicates with customers, MB;s and authorized employees to satisfy loanconditions as well as the status of the loan application. Ensures that allloans are in compliance with internal Bank guidelines and external stateand federal regulations (i.e. USPAP, FIRREA, HMDA, RESPA, FNMA, FHLMC, andFair Lending).
Other Job Duties
- Performs other duties as assigned.
Requires broad knowledge of operational systems and practices typically gained through extensive experience and/or education.
Requires 5 years minimum experience.
May require vocational or technical education in addition to prior work experience.
- High School Diploma or GED Required
Thorough verbal and written communication skills.
Typing of 40-45 WPM.
Knowledge of 10-key, calculator.
Photocopier and fax machine.
Maintains filing system.
Math and analysis.
PC Proficiencies with Windows based software in Word, Outlook and Excel.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States-Utah-General UT
Requisition ID: 052873