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Position:

Mortgage Loan Assistant

Physical Location: 407 Highway 80 East, Clinton, MS 39056
Reports to: Mortgage Loan Officer
Working Conditions:

Normal, no adverse or hazardous conditions

Job Group Category: Non-Exempt
Work Hours:

Varies - depending on location

Primary Purpose:
Under general supervision, the Mortgage Loan Assistant (MLA) is responsible for origination of mortgage loans referred from BancorpSouth Bank branch personnel. The loans consist of bank renewals and new loan referrals for both refinance and purchase money transactions.
Principal Duties and Responsibilities:

Counsel borrower(s) on various loan programs and help them to select the program that best fits their financial goals and needs.

Take loan application, provide disclosures and request and/or gather required documentation from borrower(s) necessary to process credit file and submit for underwriting.

Collect fees from borrower(s) as required at the appropriate time, i.e. credit report fee, appraisal fee, etc.

Order appraisal to determine value of collateral.

Assist processor and underwriter to address any underwriting issues necessary to close the loan.

Guide borrower(s) through the complex home financing process by working with the Bank Loan Officer, Realtor, appraiser, closing attorney, and other parties involved in the transaction.

Manages a large pipeline of loans including meeting closing deadlines, submitting loans to compliance, and making sure their pipeline meets the bank's requirements.

Monitor/manage pipeline meeting closing deadlines, submitting loan files to Compliance and maintaining pipeline to meet the bank's requirements.

Job Specifications:

Thorough understanding of all loan programs and closing costs.

Good understanding of all agency, including but not limited to FHA, VA, FNMA, USDA and portfolio underwriting guidelines.

Be able to meet strict time deadlines and work independently under pressure.

Detailed oriented and able to follow set guidelines.

Excellent written and verbal communication skills.

Be able to multi-task and manage a pipeline of loans including meeting closing deadlines, submitting loans to compliance, and making sure their pipeline meets the bank's requirements.

Minimum 2 years mortgage loan experience.

Disclaimer
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, disability, veteran status, genetic information or any other status protected under applicable local, state or federal nondiscrimination laws.