Sr. Mortgage Loan Processor
First Bank
Plano, TX US
Posted ago
First Bank
We are looking for an experienced senior loan processor to join our tight-knit group of mortgage professionals. The successful applicant will have years of experience in loan processing, excellent attention to detail, and a skilled approach to customer service to help our borrowers navigate the mortgage closing process. We provide the opportunities, the team, and the growth potential to help you achieve your career goals. If this sounds like the ideal job for you, please reach out to us today!
Responsibilities
  • Collect and verify that all loan documentation, such as title insurance, loan applications, credit reports, appraisals, and income and asset declarations are accurate and passed to underwriting promptly for loan approval
  • Submit loan file documentation accurately into necessary software programs
  • Confirm that all loan files, credit packages, and disclosure packages comply with company lending policies, as well as state and federal lending guidelines
  • Create and maintain the mortgage loan file, order third party documentation and reports as needed for residential home loans, and assist underwriters in clearing conditions as requested
  • Facilitate a timely loan closing by serving as the main point of contact for title companies, real estate agents, mortgage loan officer/ mortgage loan originator, borrowers, and mortgage underwriters

  • Managing the active pipeline to ensure file timeliness
  • Acting as a liaison between Underwriting and Sales
  • Providing guideline support and restructuring challenges with Sales
  • Accepting additional tasks or responsibilities as assigned
  • Attend department staff meetings as directed by Managers
  • Organize and direct document preparation, loan file content, and loan approval reviews prior to loan closing; make corrections as necessary
  • Verify that all loans are processed in compliance with established federal and state regulations, company policies, and secondary market processing guidelines
  • Resolve customer service issues in a timely and accurate manner
  • Provides excellent customer service and communication to the borrower throughout the loan transaction

Qualifications
  • College (Bachelor’s degree) preferred; high school diploma required
  • Recent mortgage loan processing (2-3 years experience) for a bank, credit union, or mortgage company is necessary
  • Federal and state home loan regulatory requirements and overall mortgage industry knowledge is essential
  • Familiarity with MS Office, Loan Origination Software (LOS), and Automated Underwriting System (AUS) are beneficial
  • Excellent attention to detail, customer service, time management, and communication skills are needed

  • High School Diploma, GED or equivalent certification or military experience
  • Minimum 3 years of experience processing to multiple lender guidelines and requirements
  • Knowledge of Fannie Mae/DU and Freddie Mac guidelines and automated underwriting systems
  • Must be able to critically examine credit, income, and asset documents
  • Post-TRID knowledge
  • Strong organizational skills
  • Excellent communication (both written and verbal) – phone communication is required
  • Very high reasoning skills; ability to define problems, collect data, establish facts, and draw valid conclusions

Compensation
$50,000 - $70,000 per year, plus per file bonus
About First Bank

Established in 1907, First Bank is a privately-owned community bank that's been named one of the top performing banks in the nation. Our mortgage operations located in Plano, TX combines the stability of a traditional mortgage lender with the flexibility of a portfolio bank. Coupled together, our platform provides our employees the ability to deliver the highest level of customer service throughout the entire lending process and helps create an amazing home financing experience for our clients.

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