Mortgage Loan Processor at FARM BUREAU BANK

San Antonio, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Apr, 26

Salary

24.0

Posted On

13 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Processing, Mortgage Products, Underwriting, Regulatory Compliance, Document Review, Communication, Credit Verification, Tax Returns, Appraisals, Insurance Requirements, Loan Calculations, Escrow Coordination, Customer Service, Attention to Detail, Time Management, Problem Solving

Industry

Banking

Description

Job Details Job Location: Farm Bureau Bank-TX Headquarters - San Antonio, TX 78232 Position Type: Full Time Education Level: High School Salary Range: $21.00 - $24.00 Hourly Travel Percentage: Negligible Job Shift: Day Job Category: Finance Why Us? The Farm Bureau Bank team is rooted in service, strong relationships, and meaningful results. We offer financial services that support hardworking individuals who recognize the vital role of farming, ranching, and agriculture across the United States. Beyond traditional banking, we cultivate lasting partnerships, nurture growth, and aim to support rural communities that are often underserved by the banking industry. Farm Bureau Bank. Not just branches. Roots. FBB team members enjoy competitive compensation and generous benefits. Affordable Medical, Dental and Vision coverage Outstanding 401k – Employer match up to 5% Paid Volunteer Hours Accrued Paid Time Off (PTO) & Paid Holidays Life Insurance and Long-Term Disability (company paid) Continuing Education Opportunities View all available benefit options at Farmbureau.bank. Hiring for an in-person role in San Antonio, Texas only, with potential for hybrid schedule after 90 days. What you'll get to do: Help build the Farm Bureau Mortgage division. Receive loan applications and review documents to ensure all necessary forms have been completed and comply with Underwriting, and Secondary Market Guidelines. Make Suggestions with alternative methods to obtain satisfactory documentation when necessary. Responsible for ordering title work, hazard insurance and appraisals. Track and monitor orders and understand appraisal timelines to complete the file. Verify credit report, income, assets, and orders preliminary title report, appraisal, fee instructions, and all verifications necessary to complete the loan file. Review and evaluate all documents, including tax returns using judgment to ensure loan falls within guidelines per loan program. Determines allowable income to be used for loan calculations that comply with underwriting guidelines, including complex personal and business tax returns. Package and submit files to lender, per originators initial set up/direction and to lender’s specific process. Manage any funding conditions, including coordinating any forms for audit/compliance packaging post-closing. Coordinate all post approval changes, disclosures and forms as needed. Process the CD and closing requests/doc orders. Collaborate with escrow/title and lender to ensure accurate closing details. Coordinate all 3rd party lender conditions/requirements. Such conditions include escrow/title related, appraisal, Verifications, supplements, established insurances, etc. Communicate with borrowers, and authorized team members to satisfy loan conditions as well as the status of the loan application. Ensures all loans are in compliance with the Bank’s guidelines and external State and Federal regulations (i.e. USPAP, HMDA, RESPA, FNMA, FHLMC, and Fair Lending). Education and Experience Must have a high school diploma or equivalent. Must have two (2) years Loan Processing experience with mortgage products, including conventional, FHA, VA, and USDA loans. Thorough knowledge of mortgage processing, basic underwriting skills, loan documents, insurance requirements, mortgage terminology and departmental procedure. Thorough knowledge of Federal Regulations and regulatory agencies such as USPAP, HMDS, RESPA, FNMA, FHLMC, VA RD and Fair Lending. Ability to maintain a tickler system. EEO Commitment Farm Bureau Bank is an equal opportunity/affirmative action employer and complies with all applicable federal, state, and local fair employment practices laws. Farm Bureau Bank strictly prohibits and does not tolerate discrimination against team members, applicants, or any other covered persons because of race, color, religion or creed, national origin or ancestry, sex (including gender, pregnancy, sexual orientation, and gender identity) age, physical or mental disability, citizenship, veteran status, or genetic information, or any other characteristic protected by applicable federal, state, or local law. All team members and anyone doing business with the Bank (including vendors, clients, and visitors) are prohibited from engaging in unlawful discrimination. This applies to all employment actions, including but not limited to, recruitment, hiring, training, promotion, discipline, compensation, benefits, and termination of employment.

Responsibilities

The Mortgage Loan Processor will receive loan applications, review documents for compliance, and manage the loan file through various stages of processing. They will also communicate with borrowers and coordinate with third-party lenders to ensure all conditions are met.