Mortgage Processing Specialist

2 weeks ago


San Antonio, Texas, United States FB BanCorp Full time
Job Overview

Location
Farm Bureau Bank-TX Headquarters

Employment Type
Full Time

Education Requirement
High School Diploma

Compensation
$23.00 Hourly

Travel Requirements
Minimal

Work Schedule
Day Shift

Industry
Finance

Position Summary

Farm Bureau Bank (FBB) provides exceptional opportunities within the financial sector, recognizing the significance of agriculture and related professions. Our commitment extends beyond conventional banking, fostering strong connections within the rural communities we serve. Not just branches. Roots.

At FBB, employees benefit from competitive pay and comprehensive benefits, including:
  • Company-paid Life Insurance and Long-Term Disability
  • Accrued Paid Time Off (PTO) and Paid Holidays
  • Paid Volunteer Time
  • Affordable Medical, Dental, and Vision Plans
  • Robust 401k with Employer Match up to 5%
  • Opportunities for Continuing Education
As a Mortgage Processing Specialist, you will be responsible for a variety of tasks related to mortgage loan files, encompassing conventional, FHA, VA, and USDA loans. Your role will ensure timely, accurate, and cost-effective support for Farm Bureau Bank's lending operations. Key responsibilities include the collection and receipt of loan documentation and the preparation of packages for loan closing, while ensuring compliance with all Mortgage Origination standards and Bank guidelines. You will manage customer inquiries and identify deficiencies early in the loan process.

Key Responsibilities
  • Receive and assess loan applications, ensuring all necessary documentation is complete and adheres to Underwriting and Secondary Market Guidelines.
  • Propose alternative methods for obtaining required documentation when necessary.
  • Order title work, hazard insurance, and appraisals, tracking and monitoring orders to meet appraisal timelines.
  • Verify credit reports, income, assets, and prepare preliminary title reports, appraisals, and all necessary verifications for loan completion.
  • Review and analyze all documents, including tax returns, to ensure compliance with loan program guidelines.
  • Determine allowable income for loan calculations, including complex personal and business tax returns.
  • Package and submit files to lenders, following the originator's setup and lender-specific processes.
  • Manage funding conditions and coordinate audit/compliance packaging post-closing.
  • Facilitate all post-approval changes, disclosures, and forms as needed, processing closing requests and collaborating with escrow/title and lenders for accurate closing details.
  • Coordinate third-party lender conditions, including escrow/title, appraisals, and necessary verifications.
  • Communicate effectively with borrowers and team members to satisfy loan conditions and provide updates on application status.
  • Ensure compliance with Bank guidelines and external regulations (i.e., USPAP, HMDA, RESPA, FNMA, FHLMC, and Fair Lending).
  • Perform additional duties as assigned.
Qualifications
  • High school diploma or equivalent required.
  • Registration with NMLS is necessary.
  • Minimum of two (2) years of experience in Loan Processing with mortgage products, including conventional, FHA, VA, and USDA loans.
Equal Employment Opportunity

Farm Bureau Bank is an equal opportunity employer, adhering to all applicable federal, state, and local fair employment practices laws. We strictly prohibit discrimination against team members, applicants, or any other covered individuals based on race, color, religion, national origin, sex, age, disability, veteran status, or any other characteristic protected by law.

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