About the position
Raymond James Bank is hiring an entry level Mortgage Processor to process residential and/or retail loans and prepare closing documents in accordance with Fannie Mae and Freddie Mac underwriting guidelines. The ideal contributor will follow detailed, established procedures to perform a variety of tasks requiring some evaluation, originality or ingenuity in making decisions. They will resolve common questions and problems and refer more complex issues to a higher level. Regular contact with internal and external customers is required to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems. A working knowledge or understanding of retail banking disclosures and regulations, preferably TRID and Reg. Z, is expected.
Responsibilities
• Obtains required documentation and processes more complex loan applications.
• Orders credit verifications and third party services.
• Tracks receipt of and reviews post-closing legal documents.
• Follows up on missing documentation.
• Verifies loan applications and supporting documents for accuracy and completeness.
• Prepares and compiles documents for loan closing.
• Prepares or reviews for accuracy, TRID Disclosures, Regulation Z disclosures, and other disclosures required by consumer regulation.
• Schedules, coordinates loan closings, and clears for disbursement of loan proceeds.
• Prepares compliance and accounting records and reports, as required by management and regulatory agencies.
• Performs routine loan calculations.
• Assists customers with moderately complex inquiries or problems.
• Performs pre-closing, post-closing, or whole loan due diligence review of legal agreements and other closing documents to terms of loan commitment.
• Maintains currency in loan processing policies and procedures.
• Performs other duties and responsibilities as assigned.
Requirements
• Basic concepts, practices and procedures of commercial and retail loan processing.
• Basic principles of banking and finance.
• Financial markets and products.
• Processing less complex loan applications.
• Verifying information for accuracy and completeness.
• Preparing loan closing packages.
• Preparing records and reports.
• Performing basic calculations.
• Operating standard office equipment and using required software applications.
• Read, interpret, analyze and apply information from loan application documents
• Interpret and apply policies.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
• Communicate effectively, both orally and in writing.
• Work independently as well as collaboratively within a team environment.
• Handle stressful situations and provide a high level of customer service in a calm and professional manner.
• Establish and maintain effective working relationships.
• Maintain currency in loan processing policies and procedures.
• General Experience - 7 to 12 months
Nice-to-haves
• Working knowledge or understanding of retail banking disclosures and regulations, preferably TRID and Reg. Z.
Benefits
• medical
• dental
• vision
• life insurance
• critical illness insurance
• accident insurance
• disability benefits
• retirement savings
• paid time off (including vacation, holidays, and sick leave)
• parental leave