Mortgage Loan Processor II

First Merchants Bank is seeking a Mortgage Loan Processor II to join our team! This role will be responsible for analyzing and evaluating all information provided within a loan file for compliance with applicable investor guidelines, regulations, and bank policies as well as coordinating with the originator, underwriter, and closer to get the loan to the closing table. As part of this role, you will: Validate and analyze income documentation. Calculate income from paystubs and validate to W-2’s. Calculate self employed income. Seek out additional documentation as needed to support the income used for qualification. Address discrepancies. Validate and analyze asset documentation provided. Validate sufficient funds to close. Validate required reserves. Explain/remove inconsistent/large deposits. Calculate asset value as required by applicable investor. Perform initial appraisal review. Complete the appraisal review form. Seek corrections for issues and deficiencies. Validate the appraisal to requirements. Provide copy to borrower as required by regulations. Validate ratio related debts. Analyze credit report for accuracy. Request updates and clarifications as needed. Run Automated Underwriting System (AUS) engines as needed and ensure supporting documentation required by the Automated Underwriting System (AUS) findings and the investor requirements are met prior to submitting the file to underwriting. Review flood determination and take required action. Collect appropriate documentation to clear applicable conditions set by the underwriter. Complete required work to prepare the loan file for the closer. To be successful in this position, we require the following: High school diploma or equivalent (GED). Over three (3) through five (5) years of mortgage processing or related experience. Experience with government and/or conventional loan processing. First Merchants offers the following: Base Pay PLUS Bonuses Additional Benefits A little about us: First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy. Our Vision is: To enhance the financial wellness of the diverse communities we serve. Our Mission is: To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders. Our Team: "We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging." Apply today to begin your career with us!