MORTGAGE LOAN PROCESSOR
SUMMARY
Resourceful and self-directed Loan Processor with 8+ years’ hands-on experience in performing initial appraisals of potential borrowers and assessing credit standings through thorough background research. Demonstrated ability to interview applicants to effectively evaluate their eligibility for loans.
Expertise includes:
• Identifying applicants’ borrowing needs and assisting them through exploration of options.
• Cultivating trustworthy referral networks and cross-selling services.
• Recording loan data such as status, approvals, and denials, by making effective use of technology.
KEY ACHIEVEMENTS
• Approved a loan that had been stuck in the pipeline for 15 months by completing extensive verification procedures.
• Saved the company $52000 by performing extensive background checks on a corporate applicant that turned out to be a fraud.
• Created a strong referral network through widespread communication and outreach programs.
• Regarded as the company’s most successful mortgage loan processor, following documented success in handling an average of 31 files each month.
PROFESSIONAL EXPERIENCE
Mortgage Loan Processor
FORUM CREDIT UNION, Stamford, CT
Sep 2015 – Present
• Interview potential clients to determine their needs for acquiring loans
• Assist in filling out applications and verify filled out applications for completeness and accuracy
• Ascertain that application data meets the establishment’s compliance standards
• Contact credit bureaus and clients’ employers to verify accuracy of the provided information
• Call specified companies to acquire information regarding property abstract and appraisal
• Submit mortgage loan applications for approvals from underwriters
• Document all data on statuses of loans using the company’s database system
• Authenticate requirements for loan conditions and stipulations and ensure that all prerequisites have been fulfilled
• Follow up on filed loan applications and provide clients with status feedback
Mortgage Officer
FIRST BANK FINANCIAL CENTER, Stamford, CT
Apr 2007 – Sep 2010
• Assisted clients in filling out loan application forms and ensured that all information is correct and complete
• Provided clients with information regarding the bank’s financial products and services
• Verified information provided by clients by contacting their employers and credit bureaus
• Ensured that all paperwork and additional documents are present with each loan application
• Followed up on loan statuses and provided clients with information on which stages their applications are on
EDUCATION
High School Diploma
STAMFORD HIGH SCHOOL, Stamford, CT – 2006
CORE COMPETENCIES
• Loan Documents Review
• Claims Verification
• Property Appraisals
• Submittal Underwriting
• Contract Development
• Mortgage Closing
• Applicant Information Integrity
• Appraisals Review
• Background Checks
• Lending Programs Development
• Mortgage Terminology
• Credit Analysis
COMPUTER SKILLS
• Encompass
• Microsoft Word, Excel, and Outlook