Real Estate Loan Processor

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Employees-Main Full Time Regular League City, TX, US

Summary/Objective The Real Estate Loan Processor will coordinate the processing, closing, and funding of all Real Estate loans.

Essential Functions

• Review submitted R/E loan package for required approvals, required documentation, and determine that the loan meets federal regulations and timing requirements.
• Prepare a Commitment letter and disclosures for the borrower.
• Assist with ordering title reports, title commitments and surveys through the title company.
• Review and approve insurance coverage obtained by borrower.
• Coordinate with the bank attorney in preparing documents for closing and when documents are received, secure with watermarking and transferring into a secure PDF file, after reviewing for accuracy.
• For home equity loans, prepare in-house documents
• Coordinate closings with the title company, i.e., send documents, prepare the Closing Disclosure, approve the HUD/CD, and verify funding.
• Process R/E files for funding after closing, including preparing general ledger entries, deposit slips, wire transfers, an R/E checklist, a TRID calendar, a TRID baseline form, and a loan jacket. Verify that all documents were dated, signed, and notarized correctly.
• Gather information & prepare HMDA summary, in HMDAWiz, for reporting purposes.
• Scan completed R/E file into ImageCentre, including tracking
• Quote and issue payoffs for R/E loans.
• Responsible for ensuring the Code of Ethics are being followed.
• Responsible for reporting any Code of Ethics/ Internal fraud violations.
• Follow all bank policies and procedures.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Basic knowledge of Real Estate/ Mortgage Lending
• Basic knowledge of bank operations.
• Decision Making.
• Technical Capacity.
• Stress Management/Composure.
• Detail Oriented and Thoroughness.
• Communication Proficiency with Borrowers, Lending Staff, Insurance Agents, Taxing Entities, Attorneys, Title Companies

Supervisory Responsibility: This position has no supervisory responsibilities.

Work Environment: This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, fax machines, calculators, and scanners.

Physical Demands: This position requires manual dexterity, the ability to lift files and open filing cabinets. This position requires bending, stooping or standing as necessary.

Position Type/Expected Hours of Work: This full-time position is based on-site at our League City location, with work hours Monday through Friday, 8:30 a.m. to 5 p.m.

Travel: No travel is normally expected for this position. However, temporary placement at other locations may occur due to vacation, illness, or staff shortage.

Education and Experience

• High school diploma or equivalent.
• At least 1 year of banking experience, preferred.
• Basic knowledge of Real Estate/ Mortgage lending, preferred.

Additional Eligibility Qualifications: Multi-lingual capabilities to include Spanish are a plus.

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