Mortgage Loan Processor
Guild Mortgage/Inlanta
Kearney, MO
03/01/16 - Current
- Analyzed financial data such as income, assets, liabilities, and credit history to determine risk factors associated with each loan application.
- Verified that all conditions of the loan have been met prior to disbursement of funds.
- Reviewed HUD-1 settlement statements prior to closings.
- Submitted completed loan packages to underwriting department for approval or denial decisions.
- Ordered appraisals and title services on behalf of borrowers when necessary.
- Provided customer service by responding to inquiries regarding loan status.
- Communicated regularly with customers throughout the entire process from origination through closing.
- Reviewed loan applications and verified accuracy of borrower information.
- Maintained accurate records in accordance with company policy and procedures.
- Assessed credit reports to determine eligibility for mortgage loans.
- Performed post-closing follow up on file completion requirements.
- Compiled documentation required for submission to government agencies for processing.
- Researched discrepancies in documentation received from applicants or third parties.
- Coordinated activities between lenders, attorneys, realtors, insurance companies.
- Maintained complete confidentiality of submitted information according to release guidelines.
- Discussed loan needs and financial histories with clients and conveyed information regarding application processes.
- Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Created and completed loan submission packages.
- Managed conditions sent from underwriting departments.
- Upheld compliance with privacy and security requirements, as well as federal statutes covering VA loans.
- Inspected loan documentation for mistakes and corrected discrepancies.
- Submitted detailed loan packages to underwriting department to facilitate approval or denial processes.
- Reviewed and verified loan application documents for completeness and accuracy.
- Collaborated with closing agents to schedule and prepare for loan closings.
- Obtained and verified clearance of underwriting conditions to prepare loan file for submission and approval.
- Managed communication between loan officers, underwriters, and clients to ensure timely processing.
- Collected required documentation from clients, such as proof of income and employment verification.
- Contacted outside sources, references and vendors to verify client financial information.
- Maintained detailed records of loan transactions and applicant information.
- Identified and suggested solutions to improve loan processing efficiency and customer service.
- Updated and informed clients about the status of their loan applications regularly.
- Monitored loan processing timelines to meet closing deadlines.
- Conducted thorough credit and background checks on loan applicants.
- Coordinated with underwriters to resolve loan application issues and discrepancies.
- Gathered property appraisals, surveys and tax records to update mortgage loan files.
- Utilized loan processing software for data entry and to streamline workflow.
- Educated clients regarding guidelines and adjustments of loan contracts and packages.
- Calculated borrowers' income and debt ratios to assess loan eligibility.
- Managed pipeline of loan applications to ensure efficient processing.
- Facilitated the resolution of appraisal and title issues.
- Worked with third-party vendors to address and clear loan closing requirements.
