Correspondent Loan Processor

08/19/2024

Primary Job Purpose:  Complete pre-underwriting reviews of credit files delivered by non-delegated and delegated correspondent lenders.  

Essential Responsibilities and Duties:

• Audit credit documentation for agency requirements (Conventional (FNMA and FHLMC), Rural Housing Development (USDA), Veteran’s Administration (VA), Federal Housing Administration (FHA) and WGB portfolio products).
• Complete regulatory compliance review.
• Process documents and data using automation system.
• Transpose application into loan origination system (LOS).
• Assist correspondent lenders with questions and help resolve pended conditions.
• Responsible for maintaining banking and departmental policies and procedures.
• Other job duties as required to assist the correspondent ops team.

Job Specifications

Work Direction:  This position reports to the Correspondent Loan Assistant Manager.

Accountability:  This position has access to and knowledge of the financial situation of customers and the financial institution.  The utmost discretion and confidentiality must be exercised with all data.

Work Relationship:  Regular contact with internal and external customers and bank correspondent personnel.  Must be able to communicate in a clear, concise, and pleasant manner.

Supervision:  This position has no supervisory responsibilities.

Affirmative Action: Equal Opportunity Employer Veterans/Disabled

JOB QUALIFICATIONS

Education & Experience:

• Residential mortgage experience, preferred.
• Strong multi-tasking, time management, problem solving, and accuracy skills required.
• Ability to handle confidential information.
• Onsite training provided to successful candidates.