Mortgage Loan Processors - Level II

Purpose:
A Fortune 500 mortgage banking corporation is looking for Mortgage Loan Processors to work in Downers Grove, IL.


ESSENTIAL JOB FUNCTIONS:

** Assisting with processing conventional mortgage loan packages.

** Responsible for a pipeline of 50-100 loans per month.

** Reviews loan application package for completeness and accuracy, reconciles application against system input.

** Verifies and validates supporting income, asset and liability documentation to ensure the validity of the approved system.

** Income -- Calculates and analyzes income structure (i.e. employment verification, tax returns, etc)

** Assets -- Calculates and analyzes funds to close (i.e. verification of deposits, gift money, 401K, sale of assets, etc)

** Liabilities -- Reviews and verifies credit reports (i.e. FICO pay history, validate other debts and other mortgage real estate owned)

** Determines if loan conditions on approved loans are satisfied by reviewing income, asset and liability documentation, appropriate, reviews and analyzes preliminary instructions.

KNOWLEDGE / REQUIREMENTS

** 6+ months of related job experience including mortgage loan processing, closing and/or post-closing

** Principles, practices and regulations applicable to real estate and mortgage lending.

** Interpretation and application of lending documentation, credit reports and income and asset calculations.

** Techniques, tools and terminology relative to the appraisal process sufficient to read and understand collateral review.

** Industry standards and guidelines for saleable and portfolio loan transactions.

** Perform standard credit and income analysis.

** Meet department volume goals and established service standards.

** Establish and maintain effective working relationships as required by job responsibilities.

** Keep abreast of changes in policies, procedures and regulations applicable to work unit.


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Classification:
Contract-to-Hire

Compensation:
$16.00 Hour

Join Aerotek Professional Services. Our customized employment solutions and personalized approach give job seekers access to great opportunities with competitive salaries. Aerotek offers comprehensive benefits that can include medical, dental, optical, and optional 401k. Don't put your career in the hands of just anyone; put it in the hands of a specialist. Launch or rejuvenate your career today with Aerotek Professional Services! Allegis Group and its subsidiaries is an equal opportunity employer.
REQUIREMENTS
Required Qualifications:
Skills Requirements:
MORTGAGE LOAN PROCESSING