Logo of Huzzle

Mortgage Processor

  • Job
    Full-time
    Junior Level
  • People, HR & Administration
    Banking & Finance
  • Olean

AI generated summary

  • You need an Associate's Degree or equivalent experience, strong math and communication skills, problem-solving ability, and proficiency in Word and Excel. Two years of mortgage experience preferred.
  • You will review loan applications, evaluate appraisals, communicate with lenders, clear conditions, prepare loans for closing, ensure compliance with regulations, and assist with other assigned duties.

Requirements

  • Associates Degree or equivalent mortgage processing or legal office real estate closing experience required
  • All applicants must be 18 years of age or older
  • Proficient reading, writing, grammar and mathematics skills
  • Ability to analyze and interpret income, assets and credit
  • Ability to work under pressure and work effectively under time constraints
  • Good written and verbal communication skills
  • Research and problem solving skills
  • Proficient in Microsoft Word and Excel
  • Must be able to consistently demonstrate company’s core values: integrity, excellence, teamwork, and humility
  • Two (2) years of mortgage experience is preferred

Responsibilities

  • This position is responsible to understand, comprehend and maintain with all laws and regulations such as TILA-RESPA, ATR/QM and HMDA. This position is also independently responsible to review and evaluate applications for all products offered and determine credit worthiness of applicant and ensure meets requirements of bank, government agencies and secondary market investors.
  • Review and evaluate loan applications and all supporting documentation
  • Analyze and approve residential appraisals to ensure collateral meets program and investor guidelines
  • Communicate with lenders and appropriate vendors to obtain information per requirements associated with loan
  • Provide guidance to underwriters regarding procedures required to take action on problem loan applications
  • Analyze and clear loan conditions
  • Complete verbal on all loans – including contacting employers
  • Prepare loans to proceed to closing table
  • Participate in wiring procedure
  • Other duties as assigned or directed
  • Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all training requirements in a timely manner

FAQs

What are the working hours for the Mortgage Processor position?

The working hours are 40 hours per week, Monday to Friday from 8:30 am to 5:00 pm, with Saturday hours as needed.

What qualifications are required for this position?

An Associate's Degree or equivalent experience in mortgage processing or legal office real estate closing is required.

Is prior mortgage experience necessary for this role?

Yes, two years of mortgage experience is preferred for applicants.

What physical demands are associated with the Mortgage Processor job?

The job may require standing, walking, or sitting, using hands and fingers, reaching with hands or arms, and occasionally lifting or moving up to 25 pounds.

What kind of benefits does Community Financial System, Inc. offer?

Benefits include 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, a 401K with a generous match, Pension, Tuition Reimbursement, and banking discounts, among others.

How is the compensation structured for this role?

Compensation is commensurate with experience, with a potential for an annual merit increase. The minimum pay is USD $19.00 per hour, and the maximum is USD $25.60 per hour.

What skills are essential for a Mortgage Processor?

Essential skills include proficient reading, writing, grammar, and math skills; the ability to analyze and interpret income, assets, and credit; good communication skills; problem-solving abilities; and proficiency in Microsoft Word and Excel.

Is there an opportunity for professional development?

Yes, Community Financial System, Inc. offers professional development and advancement opportunities to its employees.

What does the company value in its employees?

The company values integrity, excellence, teamwork, and humility, and expects its employees to demonstrate these core values consistently.

Are there any specific laws or regulations the Mortgage Processor needs to comply with?

Yes, the Mortgage Processor must understand, comprehend, and maintain compliance with laws and regulations such as TILA-RESPA, ATR/QM, and HMDA.

Finance
Industry
1001-5000
Employees

Mission & Purpose

Community Bank System Inc. (NYSE:CBU) is a full-service financial institution with more than 225 customer locations across New York, Pennsylvania, Vermont and Massachusetts, where we’re known as Community Bank, N.A. With over $16.2 billion in assets, we have the resources to finance a wide range of personal, business banking and commercial business needs. Since 2012, Community Bank has consistently been named in the top 15 on Forbes’ list of Best Banks in America, twice reaching the No. 3 spot. Established in 1866, Community Bank empowers our more than 3,000 employees across 21 states to be decision makers at the local level, leveraging the strong personal relationships we have with our customers with their financial expertise to drive the best results. This gives our team the confidence to make those decisions, and our customers the comfort in knowing the person they work with every day is the person they need to talk to. We consistently invest in our communities through financial support, fundraisers and volunteer efforts, giving our employees the support to help make a difference. Whether it’s donating to local non-profit organizations or financing the businesses that give a community its identity, working together to make life better is what Community Bank is all about. Member FDIC. Equal Housing Lender. Our Diversity Council of more than 100 employees was created to make sure no one feels unheard, unseen or uninvited. Through that effort, we’ll foster a culture that doesn’t just accept diversity, but values it. For more info, visit cbna.com/diversity. Other subsidiaries within the Community Bank System Inc. family include: Community Bank Wealth Management: - Community Investment Services, Inc. - Community Bank Trust Services - The Carta Group - One Group Retirement Advisors - Nottingham Advisors, Inc. Partners: - Benefit Plans Administrative Services, LLC - OneGroup