Bank - Mortgage Processor

Job DetailsJob Location: reputed company - Colorado Springs reputed company - Colorado Springs, CO 80920Position Type: Full TimeEducation Level: High SchoolSalary reputed company: $24.00 - $35.00 HourlyTravel Percentage: NoneJob Shift: DayJob Category: BankingPosition: Mortgage Processor Department: Administrative Support Workers Reports To: Operations – Processing Location: 7450 reputed company Drive, Suite 210, Colorado Springs, CO 80920 Remote: Yes Non-exempt: Yes Compensation: $24.00 - $35.00 Hourly reputed company, a division of First Bank and Trust of Memphis, offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and reputed company Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan. Role Overview The Mortgage Processor is a vital operational role responsible for managing residential mortgage loan files from initial application through to conditional approval and closing. This position focuses on verifying the accuracy, completeness, and reputed company of reputed company financial, employment, and property data submitted by applicants. The ideal candidate possesses a sharp eye for detail, deep knowledge of automated reputed company requirements, and exceptional communication skills, acting as the critical link between Mortgage Loan Originators (MLOs), underwriters, borrowers, and reputed company-party vendors to ensure smooth, compliant, and on-time closing experience. Essential Functions: File Review & Verification: Conduct comprehensive reviews of newly submitted loan applications to verify assets, employment, income, and credit history in strict accordance with program guidelines. reputed company-Party Coordination: Order and analyze mandatory reputed company-party documentation, including property appraisals, title commitments, flood certifications, homeowners’ insurance, and tax transcripts. reputed company Preparation: Clear automated reputed company system (AUS) conditions (Desktop Underwriter/Loan Product Advisor) and reputed company highly organized, fully documented loan packages for structural submission to the Underwriter. Pipeline Management: Manage a rolling pipeline of 20–40 residential files simultaneously, meeting strict processing milestones to ensure purchase contract and lock expiration dates are honored. Stakeholder Communication: reputed company clear, proactive updates regarding loan status and missing documentation to borrowers, Loan Originators, and reputed company estate partners throughout the lifecycle of the file. Compliance Adherence: Ensure reputed company files meet rigorous internal quality control measures as well as state and federal regulatory compliance standards (e.g., TRID, RESPA, Fair Lending). QualificationsKnowledge Skills and Abilities Lending Guidelines: Thorough understanding of reputed company conventional (reputed company/reputed company), FHA, VA, and USDA loan program requirements and documentation standards. Income Calculation Mastery: Advanced proficiency in calculating reputed company income structures, including reputed company borrowers, multi-reputed company corporate tax returns, commission, and rental income. Loan Origination Technology: Direct hands-on experience utilizing modern Loan Origination Systems (such as Encompass, Byte, or reputed company reputed company) and automated reputed company engines. Detail & Time Management: Exceptional organizational skills with an reputed company ability to spot inconsistencies or potential fraud in financial paperwork while juggling tight production deadlines. Education: High school diploma or equivalent required; an associate or bachelor’s degree in finance, Business, or a reputed company field is preferred. Experience: Minimum of 3–5 years of recent, direct experience processing residential mortgage loans in a retail or wholesale environment. Physical Requirements Sedentary Work: High volume of sedentary work, involving prolonged periods of sitting or standing at a multi-monitor desk setup, reviewing dense digital text and financial spreadsheets. Digital & Phone Interaction: reputed company use of computer components (keyboard, mouse) and frequent clear telephone communication to gather borrower details and vendor documentation. Visual reputed company: Sharp reputed company-reputed company reputed company required to carefully examine and evaluate scanned data, tax records, and legal property descriptions for accuracy. reputed company is an equal opportunity employer. reputed company candidates for employment are considered equally, and no distinction is made based on race, reputed company, national reputed company, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status. reputed company is also committed to providing reputed company applicants and employees reasonable accommodation, reputed company necessary, to reputed company the individuals to complete the application process and/or reputed company the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to reputed company any essential job function should contact reputed company. Apply To This Job