Salem Co-operative Bank

Mortgage Processor

Salem

The Mortgage Processor identifies and orders documentation required to process mortgage loans.  Tracks and ensure receipt of required documents.  Must keep current with regulatory and compliance guidelines.  Pre-underwrites to submit loans for approval.

 

Duties:

• Perform a variety of processing duties:
• Setting up new loan files.
• Prepare loan disclosures within three business days of the application, when needed.
• Review title, appraisal and verification of employment.
• Prepare pre-approval and submit for approval.
• Submit loans to underwriting and recommend actions on loans not meeting standards.
• Collect prior to closing conditions.
• Submit files to Private Mortgage Insurance for approval, if necessary.
• Submit files to be sold on secondary market.
• Assist loan customers on the phone and in person with processing questions.
• Keep up to date with any new compliance regulations.
• Review and comply with the Bank’s Employee Information and Security Policy.
• Perform other duties as assigned.

 

Qualifications:

• Knowledge of mortgage industry, products, and lending practices.
• Understand Regulatory and compliance guidelines.
• Excellent communication skills.
• Computer proficiency required, including MicroSoft Office suite skills

 

Education:

• Associates Degree or High School diploma; and
• Three to five years of processing experience; or
• Equivalent combination of education and experience.

If interested in applying for this position, please send resume to Donna Elotmani @ delotmani@salemcoop.com.  No telephone calls.