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Residential Mortgage Loan Processor
Fulton Financial Corporation
Lancaster, PA, United States
Job Details - this job has expired, please see similar jobs below
Overview
Embraces, promotes and is accountable for delivering the Bank's superior customer service program. Provides support, including pipeline management, to the Mortgage Loan Officers, customers and realtors while coordinating timely and complete submissions to underwriting and closing. Perform quality processing of all residential mortgage loan types for Fulton Financial Corporation. Full file review for adherence to underwriting and investor guidelines as well as ensuring file is complete and compliant with all standard mortgage regulations.
Hours are 8:00 - 5:00 Monday - Friday
Location is our corporate headquarters in downtown Lancaster, Pa
Responsibilities
Essential Duties
• Process documentation and pre underwrite conforming conventional, non-conforming, government and housing agency loans to the appropriate investor guidelines for Fulton Financial Corporation. Review application and generate disclosures for compliance with regulatory guidelines. Possess limited knowledge of conventional, government and housing agency mortgage products and underwriting guidelines. Maintain communication with customers throughout the processing period, ensuring that customer questions or concerns are resolved, that required documentation is received and that underwriting decisions are communicated clearly. Develop skillset to defuse volatile customer situations empathetically and professionally. Provide effective communication and professional partnership to Loan Officers, Mortgage Assistants, Underwriters, Closers and appropriate referral sources. Serves as liaison and point of contact between Loan Officers and Underwriters. Work with multiple departments and venders to provide a smooth borrower experience. Evaluate file for outstanding supporting documentation and communicate to borrower within 24 hours of file receipt. Document file in accordance with investor requirements to ensure salability to investor. Review credit report for accurate disclosure of current debt and inquiries. Submit file through applicable automated underwriting system for credit decision. Findings must be reviewed and interpreted for identification of additional items needed, if applicable. Set-up and update system of record with complete and accurate information. Evaluate DTI and LTV limitations in accordance with product guidelines to ensure loan meets investor requirements prior to submission to underwriting. Research and document source of all large deposits to meet investor and/or product requirements.
• Manage, with guidance and oversight ten to fifteen monthly closings to meet sales, customer and regulatory expectations for loan events, including but not limited to Loan Commitment due dates, Closing dates and coordination of clear to close for CD Delivery requirements. Loan data input for accuracy. Conduct frequent detailed and professional communication with customer to review file status including timely/ regular follow-upon outstanding items. Conduct weekly communication with Loan Officer to review file statuses. Accurate and timely coordination of re-disclosures including but not limited to the Loan Estimate, as necessary. Review and issue commitment letter to customer. Must have the skills and knowledge to understand terms and conditions of the loan approval to understand documentation acceptable to satisfy loan conditions. Responsible for clear to close files that include, acceptable homeowner insurance, all prior to close conditions cleared and accepted, final inspections ordered, re-verifications completed. Review rate lock expiration and documentation expiration date, update as necessary. Mailing finalized appraisal to customer within the regulatory timeframe to prevent closing delays. Review flood certification and mail necessary disclosures within regulatory timeframes, if applicable. Full understanding of Flood Requirements for insurance and notification is essential. Complete all compliance, loan quality initiative and fraud detection checks on borrower. Any potential fraud related issues found are to be reported to management and BSA immediately. Assure HMDA data is complete and accurate for reporting. Ingest loan file documents and all supporting documentation into system of record within 24 hours of receipt under the correct document type to maintain file consistency. Print all relevant documents from LOS and bank system, as applicable. Obtain verifications or complete verbal verification and updating LOS with current and validated information. Assist and provide back-up to the Residential Mortgage Processors ll.
Qualifications
Qualifications:
Education
High School Diploma or equivalent experience. (Required)
Experience
1 or more years Residential Mortgage banking. (Required)
1 or more years Processing experience. (Required)
EEO Statement
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Financial Corporation currently or in the future.Fulton Financial Corporation (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.
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