Job Overview
Company: BBVA Compass
Base Pay: N/A
Other Pay: N/A
Employee Type: Full-Time
Industry: Other Great Industries
Manages Others: Not Specified
Job Type: Finance
Banking
Accounting
Required Education: High School
Required Experience: Not Specified
Required Travel: Not Specified
Relocation Covered: Not Specified
Reference ID: 2014-82061
Location: Phoenix, AZ (map it!Map it!)
Contact: Not Available
Phone: Not Available
Fax: Not Available

Company Overview

BBVA Compass is a member of the BBVA Group, a global leader in financial services with more than 112,000 employees in over 30 countries. Today, we’re one of the top 25 financial institutions in the United States and part of one of the largest and most respected financial institutions in the world.

Throughout its distinguished 150-year history, the BBVA Group has relied on a business model that stresses integrity and transparency as a way of doing business. This approach has served us well, even in challenging economic times.

Now a $698 billion organization, we continue to expand our presence in the world’s most important markets.

Our broad business base and financial stability provide a strong foundation for future growth, both for our company and — if you choose to be a member of our team — your career.

Please visit BBVACompass.com for information on the many opportunities and employee benefits at BBVA Compass!

BBVA Compass is an Equal Opportunity Employer.


CONSUMER ASSET PROCESSOR (MORTGAGE LOAN PROCESSOR) - TEMPE, AZ Apply Now >>

Job Description 

Responsibilities

General Summary:

Loan Processor (Processor) is responsible for providing loan processing and administrative/clerical duties for loan applications received by Consumer Asset Operations from the retail branch network, Mortgage Banking Officer or the online channel.  The Processor may be the initial point of contact for a customer and must be able to effectively communicate the bank’s loan products and services and assess borrower needs.  The Processor is responsible for insuring the proper and timely completion of the loan application, collection of supporting documentation, pulling credit, documenting assets and liabilities and preparing a comprehensive loan package in preparation for underwriting. 

In addition, the Processor will assist the borrower in understanding the loan product selected and obtain an interest rate lock from the sales channel and ensure pricing is accurate.  The Processor will insure the banks POS and LOS systems are populated with the required application data and that loan/processing statuses are accurately maintained. The Processor will coordinate the ordering of appraisal, title, tax and flood and all other documentation, verification or certification required to appropriately decision the loan.  Upon completion of underwriting, the processor will disposition the loan according to the underwriting decision and either generate the necessary loan disposition (decline notifications) or prepare the loan for submission to closing. 

 

Primary Duties and Responsibilities:

  • Contributes to quality efforts of the Consumer Asset Operations units through team orientation and focused excellence in achieving organizational service goals and quality standards.
  • Effectively and efficiently provides best in class service to both the prospective borrower(s) and their sales team partners by delivering consistent and timely feedback throughout the lending process, anticipating borrower needs and vigilantly maintaining service level agreements. 
  • Must have 3+ years’ experience: Effectively and efficiently monitors a pipeline of at least 50 loans with the goal of closing at least 25 loans per month.
  • Obtains necessary customer documentation to support data provided in the applications
  • Reviews customer submitted documentation to ensure the documentation meets the program guidelines.
  • Data entry of applicant information into the mortgage software platform, prints necessary documents, and completes loan files. Necessary documents include upfront compliance disclosures, such as the 1003 application for mortgages or the LOA application for other consumer loans, the good faith estimate, the initial truth in lending, income and asset information, etc.
  • Must have 3+ years’ experience: Validates credit reports, orders appraisals, surveys, and title insurance, and requests payoffs from other mortgage companies; updates loan files, the mortgage software platform, and tracking system as information is received; prepares final loan package for approval, as well as experience in calculating income to include self-employed borrower.
  • Mails Verification of Deposit, Verification of Employment, and Verification of Mortgage forms if alternative documentation is not available; updates loan files and tracking system once forms are returned.
  • Updates insurance information on the mortgage software platform; contacts insurance companies for insurance policies not received.
  • Completes file maintenance on all mortgage loans as instructed.
  • Performs other duties as assigned.
  • Processes loan to conform to product guidelines.  Gathers all requirements and prepares loan for underwriting approval. 
  • When final underwriting approval is obtained, prepares closing instructions and coordinates closing dates with closing agent and customer


Qualifications

Meet credit history and criminal background requirements associated with Nationwide Mortgage Licensing System and Registry registration process, to include FBI fingerprint criminal history and review of credit report.

Meet credit history and criminal background requirements associated with Nationwide Mortgage Licensing System and Registry registration process, to include FBI fingerprint criminal history and review of credit report.


 



Job Requirements 

  • Must have 3+ years’ extensive mortgage processing experience. 
  • Must have a high school degree or equivalent. College preferred.
  • Must have exceptional communication and interpersonal skills.
  • Must be able to exercise confidentiality.
  • Must be detail-oriented and able to perform all duties accurately.
  • Must have strong organizational and multi-tasking skills.
  • Basic computer skills, i.e., word processing, spreadsheets and menu-driven software.
  • Must be able to work effectively to meet deadlines.
  • Must be able to work effectively independently and with others.
  • Must be able to work with numerous interruptions.
  • Must be able to attend work on time and on a regular basis.
  • Must be able to communicate with staff, members, and outside contacts proficiently, in both oral and written communications.
  • Must be able to visually view and read computer screens, documents, and reports.
  • Must be able to manually operate a PC, calculator, phone, fax machine, and other office equipment.
  • Preferred 2+ years’ experience in FHA/VA mortgage processing.
  • Must have 3+ years’ experience: Effectively and efficiently monitors a pipeline of at least 50 loans with the goal of closing at least 25 loans per month.
  • Must have 3+ years’ experience: Validates credit reports, orders appraisals, surveys, and title insurance, and requests payoffs from other mortgage companies; updates loan files, the mortgage software platform, and tracking system as information is received; prepares final loan package for approval, as well as experience in calculating income to include self-employed borrower.

Grade 13 requires:3-5 years mortgage processing product knowledge of a large bank lending guidelines or Fannie Mae or Freddie Mac experience


Grade 15 requires:

5+ years mortgage processing product knowledge of a large bank lending guidelines or Fannie Mae or Freddie Mac experience

 

 

Apply Now >>


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