Loan Processor I

Loan Processor

The Loan Processor role encompasses several different areas of expertise: Initial disclosure of the Loan Estimate; processing of the Intent to Proceed; ordering upfront services such as Title & Escrow; Re-disclosures; preparing Initial Credit Packages to submit to Underwriting and indexing documents in the document management system.

Essential Functions

Loan Processing #1 (100%)

• Review mortgage loan package and order all required verifications, documentation and subsequent follow-up conditions.
• Setup files, review documentation, enter the data in loan system and maintain the accuracy of system data.
• Uses knowledge of title conditions to work with Mortgage Loan Officers, escrow/title, and customers to resolve pending conditions and stipulations.
• Send initial disclosures and re-disclosures to customers in compliance with all lending laws, rules, and regulations including but not limited to accurate fees and within appropriate time frames.
• Obtains and reviews documents for compliance with loan conditions and product guidelines.
• Ensure all loan approval and conditions are received within specified time frames.
• Ensure operations in compliance with Federal, State and local laws governing the company's lending activities.
• Interface with loan officer to close loans.

Other Responsibilities

• Successfully complete all mandatory training on related Bank and BSA compliance as well as other laws and regulations as assigned in a timely manner.
• Perform all assigned duties under Bank's compliance programs and related laws & regulations.
• Perform other duties as assigned by management.

Education, Experience and Skills Required

• Bachelor's degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred.
• 2+ years of Mortgage Processing and Doc Drawing experience required.
• Basic knowledge of credit, finance, lending procedures and legal and audit regulations.
• Analytic, quantitative, interpersonal, verbal communication, written communication, and PC skills.
• Formal credit training or related certification is preferred.

Physical Demands

• Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard; and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less.

Communication Demands

• Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.

Work Environment

• Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Compensation

The base pay range for this position is USD $26/Hr. - USD $36/Hr plus full benefits. Exact offer will be determined based on job-related knowledge, skills, experience, and location