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Mortgage Loan Processor
@Busey Bank
[Hiring] Mortgage Loan Processor @Busey Bank
Mar 31, 2025 - Busey Bank is hiring a remote Mortgage Loan Processor. 💸 Salary: $19.50-$23.90/hour. 📍Location: USA.
This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.
Role Description
The Mortgage Loan Processor position processes and reviews all residential mortgage files to ensure adherence to regulatory compliance, secondary market guidelines, government agency requirements, and Bank policy.
- Examine information received from the Loan Officer for completeness and sufficiency.
- Request additional documentation as necessary to complete the loan for underwriting.
- Obtain necessary documentation and information required by the Underwriter to ensure the loan closes in the allotted time frame.
Duties & Responsibilities
- Organize and review initial information submitted within allotted time frame.
- Order credit report updates, title commitments, verifications, and other services required by the loan program.
- Contact applicable parties to obtain additional documentation when needed (borrower, seller, real estate agents, attorneys, etc.).
- Follow up, validate, and review verifications, appraisal, flood certification, private mortgage insurance certificate, credit report, HOA/Condo letters, homeowners insurance, title work, and any other documentation required by the loan program.
- Communicate problems and concerns with the Loan Officer and Underwriter.
- Calculate monthly income and debt, debt-to-income ratios, loan-to-value ratios, and sufficient funds to close with appropriate reserves as required by the loan program and investor.
- Upload all verified documentation into the loan origination system.
- Follow all investor and specific loan program guidelines.
- Field phone calls from mortgage customers and formulate the appropriate action needed to help them and enhance their relationship with Busey Bank.
- Assist the Loan Originator with promoting Busey products to meet cross-sell goals.
- Assist the Loan Officer, Underwriter, and Closer with QC audit violations or any Post-closing investor corrections.
Qualifications
- Strong oral and written communication skills.
- Knowledge of secondary market guidelines.
- Understanding of regulatory compliance and Bank policies.
- Strong organizational skills.
Requirements
- Maintain confidentiality of customer information.
- Analyze information and make independent decisions.
- Perform duties under frequent time pressures.
- Solve problems independently while applying logic and discretion.
- High School diploma required.
- 2 or more years of related banking experience.
- 2 or more years of experience in Loan Processing (CONV/FHA/VA/USDA) preferred.
- Previous experience in processing and underwriting all loan types required.
- Knowledge of Microsoft Office.
Benefits
- Salary offered is based on factors including job duties, required qualifications, relevant experience, and local market trends.
- Role may be eligible for bonus or incentives based on company and individual performance (Base Pay Range: $19.50-$23.90/hour).
- Competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance, long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives, and an employee assistance program.
- Eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.
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| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
Back to Remote jobs >
All others
All others
|
Salary
💸
$19.50-$23.90/hour
|
Remote
Location
USA
|
|
Job Type
full-time
|
Posted
Mar 31, 2025
|
️
| 📍 | Be aware of the location restriction for this remote position: USA |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
