Mortgage Loan Processor

Description

About Us

Capital Bank N.A. is headquartered in Maryland, and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ : CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

Capital Bank is looking for a Mortgage Loan Processor to join our team. The Mortgage Loan Processor works closely with loan originators to process mortgage loans in order to provide a seamless customer experience. The Mortgage Loan Processor's primary function is to ensure the timely and accurate submission of loans to Underwriting.

Position Responsibilities

• Gathers and analyzes documentation and other information to take each loan application from once setup to closing
• Contacts borrowers and referral sources as an introduction within 3 days (72 hours) of receipt
• Reviews all income documentation to ensure that is accurate and supports the guidelines in place for a specific loan product
• Reviews product guidelines to make sure that the loan fits and the necessary documentation is obtained, including :
• Verify 2 years of continued employment - document any gaps
• Review asset documentation
• Review credit report
• Review appraisal
• Review title work
• Review hazard insurance
• Obtain payoffs on refinances by contacting current mortgage holder
• Make sure all documentation is legible
• Obtain all required certifications from agent - termite, well, septic, etc. and review upon receipt. Actions as needed.
• Monitor daily closing schedule and make sure all loan are scheduled - if not scheduled notify Title Company, Agent and / or Loan Officer and schedule with closing department
• Submit loan to underwriting in appropriate file order
• Clear all Prior to Closing conditions. - Loans must be "clear to close" at least 48 hours prior to closing
• Advise borrower of loan decision and any required conditions
• Inputs proper loan information into Encompass so that data and supporting documentation are accurate.
• Contacts borrowers to obtain additional documentation as necessary to meet loan guidelines
• Follows Processing procedures as designated by Processing Manager
• Must meet crucial deadlines such as financing contingencies and closing dates
• Works with the MLO and / or LOA regarding missing / requested items
• Updates conversation logs in Encompass

Minimum Education & Experience

Preferred Skills & Qualifications

Compensation :

Working Arrangements

Why Join Us?

Supporting Businesses. Helping People. Strengthening Communities.

Capital Bank, N.A. is an Affirmative Action, E-Verify, & Equal Opportunity Employer.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.