CAREERS

Mortgage Loan Processor

📁
Lending
📅
78210 Requisition #

Wealth Management National Mortgage Center is looking for a Mortgage Loan Processor to gather and review required documentation for all purchase/refinance mortgage requests or Equity Credit Line requests, and prepare credit files for the underwriting decision.

 

As a Mortgage Loan Processor you will be responsible for working with partners, borrowers and outside vendors to resolve inquires and ensure all internal and external needs are met. You will prepare all documentation and calculate figures for closing and funding the loan request, ensuring the Bank and regulatory agency guidelines are being met.

 

The Mortgage Loan Processor:

1. Works with partners, borrowers and vendors to request, obtain and/or follow-up on all documentation required for approval. Reviews the documentation for accuracy and inputs the information into the mortgage origination system.

 

Reviews the Residential Loan application input by originators for completeness and accuracy.

 

Orders, follows up and reviews Appraisal, Title, Homeowner’s/Flood insurance and other documentation needed prior to closing.

 

Sends re-disclosure packages on loans when there is a changed circumstance.

 

Reviews title work to make sure it is clear for closing.

 

2. Responds to, and documents inquiries from partners, borrowers and outside vendors to resolve discrepancies. Ensures complete and accurate credit packages are submitted for approval review.

 

3. Maintains tracking of files to ensure timeframes and measurement standards are being met.

 

4. Meets all regulatory and compliance requirements associated with mortgage lending. Verifies that the loan documentation is complete and accurate; reports and resolves deficiencies within established timeframes.

 

5. Performs basic underwriting skills applying secondary market and banks guidelines to determine credit worthiness. Ensures documentation is complete for analysis.

 

6. Approves basic loan approval conditions provided by partners, borrowers or outside vendors for files ensuring guidelines and bank policies have been met.

 


Qualifications

  • 3 years in mortgage banking or related experience.

  • Knowledge of residential mortgage processing, closing and post-closing usually acquired through related work experience is required to gather and review mortgage and Equity Credit Line documentation and to ensure closing requirements are met.

  • Knowledge of bank policy and procedures, secondary market guidelines and compliance regulations, usually acquired through related work experience, is required to ensure bank and regulatory guidelines are met.

  • Time management skills and attention to detail are required to properly manage and prioritize assigned workload.

  • Knowledge of Windows with a background in Word or Excel preferred to set up loans on the system and maintain tracking file.

  • Good written and verbal communication skills are required to respond to inquiries from partners, borrowers and outside vendors.

 

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!           

     

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.


We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and ethical companies.  

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

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    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

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