Residential Mortgage Processor
Amalgamated Bank seeks a highly motivated professional as a Residential Mortgage Processor in the main office to receive completed application packages from mortgage production departments; set up loans by ordering appraisals, tax transcripts and fraud checks; assemble and complete loan files; prepare and submit completed loan files to underwriting; clear underwriting conditions; and obtain clearance to transfer loan to closing departments.
Essential Job Functions:
Evaluate and assess residential mortgage loan applications as assigned.
Perform a preliminary review of each application for compliance and completeness.
Run DU or LP underwriting engine as appropriate. Compare findings with loan file documentation and collect additional documentation as needed.
Identify any change of circumstance and prepare and deliver any required redisclosures.
Evaluate risk of residential mortgage loan application based on sound underwriting standards.
Image and accurately organize all file documentation to comply with company and industry standards.
Prepare and submit completed loan file to underwriting for decision based on the bank mandated quality control guidelines and investor/ regulatory compliance.
Resubmit loan file to obtain clear to close status and collect prior to closing documents.
Transfer cleared to close file to closing department.
Knowledge, Skills and Experience Requirements :
Knowledge of Fannie Mae/Freddie Mac lending programs, MI guidelines, current mortgage industry file documentation and QM underwriting standards.
Minimum 2 years of Residential Mortgage Processing required.
Working understanding of compliance and regulatory guidelines including Fair Lending, TRID, and HUMDA reporting.
Ability to evaluate Automated Underwriting Findings.
Strong verbal, written and interpersonal skills.
Experience with Encompass 360 is a plus.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans at https://www.eeoc.gov/employers/upload/posterscreenreader_optimized.pdf . AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement at https://www.amalgamatedbank.com/sites/default/files/pay-transparency.pdf . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
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