Position Title: Processor
Location/Branch: Corporate
Reports to: Senior Director of Operations
Department: Processing
FLSA Status: FT, Hourly/Non-Exempt
Pay: The expected hiring range for this position is from $43,694-$55,000/year plus additional bonus opportunity.
The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.
Workstyle: Remote Eligible
JOB SUMMARY
The Processor will work in conjunction with assigned Mortgage Loan Originators, Underwriters, and Closers. The Processor is responsible for gathering the necessary paperwork and documentation required for the loan application. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been completed, organizing additional application materials, and submitting applications on schedule.
JOB FUNCTIONS
File Management and Communication
Manages pipeline of 20-25 loans per month, including purchases and refinances.
Compiles and verifies borrower information for residential mortgage loans.
Calculates borrower income, assets, and liabilities.
Reviews loan applications for completeness, ensuring loan meets standards (type, amount, assets); reconciles against system input.
Gathers required documentation from borrowers and third parties.
Communicates effectively with Mortgage Loan Originators and other stakeholders to complete mortgage loan file processing requirements.
Other duties as assigned
This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.
REQUIREMENTS AND QUALIFICATIONS:
Education: High school diploma or equivalent required.
Years of Related Experience: Minimum 3 years processing experience.
Knowledge, Skills and Abilities (KSAs):
Proficient with DU/GUS/ LP.
Familiar with FHA, VA, USDA and conventional products.
Proficient Mortgage Loan Origination Systems (LOS).
Excellent written and verbal communication skills along with solid computer skills.
Analytical thinker and consultative mind to support both team members and managers in all areas of the business.
Goal-oriented, self-motivated with the capacity to meet and exceed assigned goals.
Willing to learn, industrious, determined, and assertive.
Excellent organizational skills and the ability to multitask to complete a wide variety of tasks.
Strong people skills with ability to interact with all internal teams and external customers.
Must be able to maintain sensitive and confidential information.
Diligence to ensure tasks are completed thoroughly and on time.
Silverton Mortgage is committed to creating an inclusive workplace. Silverton Mortgage is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
Business Unit -
Silverton Mortgage