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Mortgage Banking - Loan Processor - Downers Grove, IL

Job Description

The HL Operations Center is responsible for Processing and Closing Loan Applications from Home Lending Loan Officers in Retail/BSC and/or Consumer Direct Loan Originators.     The Loan Processor is responsible for reviewing loan applications for completeness and accuracy  verifying supporting income  and asset and liability documentation. The incumbent is expected to demonstrate a sense of urgency  willingness to work cooperatively with others  and be an effective team player whose primary focus is to service customers  since this position is their main point of  contact. Responsibilities include prepare and move mortgage loans to closing. Additionally  the Loan Processor will review the documents to ensure they meet loan conditions  and with the Loan Officer coordinate with all parties to obtain additional documentation. Responsibilities also include completion of loan submissions and updating the conversation log as needed.     Major Functions:  - Work directly with customers to ensure high customer satisfaction.  - Maintain system accuracy  issue proper disclosures as required by federal regulatory compliance and review rate lock and point objectives for accuracy.  - Set up files and order all necessary exhibits for appraisals and credit reports.  - Prepare and calculate income and assets thoroughly before submission to underwriting.  - Order and review title insurance  appraisals  loan payoffs  flood and tax certificates and surveys  and thoroughly review all documents before submission to underwriting.  - Obtain and review documents for compliance with loan conditions with the loan officer  coordinate with buyers  sellers  title companies  escrow agents  surveyors and real estate agents to obtain additional documentation  complete loan submissions and perform closings.  - Check alternative documentation for accuracy and potential problems.  - Manage pipeline via weekly pipeline report.     This position requires National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008.   As such  upon active employment with JPMorgan Chase  you will be required to either register on NMLS or re-register and move your previous registration to JPMorgan Chase's registration rolls. Your continued employment in this position with JPMorgan Chase is contingent upon successful registration immediately after your start date and annual renewal of your registration thereafter.    In addition  information obtained during the registration process may impact your employment with the firm.      Any of the completed information you provide during the Chase on-line application process may be transferred  on your behalf  to NMLS by Chase.  Please carefully review the information you provide to Chase for accuracy and consistency and with any current NMLS record  if applicable  before submitting.     Further information about NMLS and the requirements of registration can be found at: http://mortgage.nationwidelicensingsystem.org/SAFE/Pages/default.aspx      
 
  This position is subject to the Dodd Frank/Truth in Lending Act qualification requirements for Loan Originators.  As such, an employment offer for this position is contingent on JPMC’s review of your criminal conviction history, credit report, information available through NMLS, and any other information relevant to a determination by JPMC that you demonstrate financial responsibility, good character, and general fitness for the position.  Note that any felony conviction within the last seven years will disqualify you from consideration for this position.  Your continued employment in this position would be contingent upon compliance with Truth in Lending Act/Dodd Frank Loan Originator requirements.  
This position requires National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008.   As such, upon active employment with JPMorgan Chase, you will be required to either register on NMLS or re-register and move your previous registration to JPMorgan Chase's registration rolls. Your continued employment in this position with JPMorgan Chase is contingent upon successful registration immediately after your start date and annual renewal of your registration thereafter.  In addition, information obtained during the registration process may impact your employment with the firm.

Any of the completed information you provide during the Chase on-line application process may be transferred, on your behalf, to NMLS by Chase.  Please carefully review the information you provide to Chase for accuracy and consistency and with any current NMLS record, if applicable, before submitting.

Further information about NMLS and the requirements of registration can be found at: http://mortgage.nationwidelicensingsystem.org/SAFE/Pages/default.aspx
 
 
 
  • Experience in mortgage loan processing (conventional and government, purchase and refinance, FHA/VA) Minimum 1-2 years of experience preferred.
  • Strong customer service skills and ability to manage difficult conversations to a successful outcome and positive customer experience
  • Demonstrated ability to analyze financial statements, tax returns, and other means to verify personal income
  • Solid analytical and problem solving skills preferred
  • Ability to manage pipeline daily while meeting monthly production and quality goals
  • Excellent organizational skills (ability to prioritize) preferred
  • Excellent written and verbal communication skills preferred
  • Minimum 1 year of computer experience preferred, preferably with automated originations system
  • High school diploma or equivalent required
Req #: 160040372
Location: Downers Grove, IL US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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