Mortgage Loan Processor I

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Job Type

Full-time

Description

DEPARTMENT: Loans

SEATED AT: Spring Mills

REPORTS TO: Loan Processing Manager

Responsible for processing the required documentation for in-house and secondary market mortgage loans and expediting the process.

Who We Want

Champion of Growth -

• Request all pertinent loan documentation in order to meet CNB and investor standards for mortgage loans
• Generate loan closing documents and disburse loan proceeds checks
• Review customer details from loan applications and crosscheck information to ensure it is accurate and complete
  
  

Industry Expert -

• Discuss the status of loan applications with clients and indicate when more documentation is needed by contacting customers by phone or email
• Inform customers about the terms of an accepted loan and notify them about the interest rate, repayment options, and closing costs
• Maintain an organized computerized filing system for loan customers and update client information as it changes
  
  

Analytical Thinker -

• Ability to multitask and learn new processes
• Recommend new products and services to improve efficiencies and the customer's experience
• Research and stay up to date on state and federal mortgage regulations
  
  

What You'll Do

• Responsible for ensuring all loan documentation meets CNB and investor standards for mortgage loans
• Work closely with Underwriters to ensure a timely process is followed to ensure settlement dates are met
• Schedule loan closings with attorneys, customers, and realtors (if applicable)
• Contact insurance companies to ensure proper coverage for real estate loans and ensure CNB Bank's interest in the property is added
• Generate loan closing documents and disburse loan proceeds checks
• Prepare Post Closing of a loan file for upload onto the system by the Loan Servicing Dept. and organize all loan documents to ensure the file meets specifications set by CNB and/or applicable secondary market investor
• Prepare Secondary Market Files to Submit to Investors for Purchase, follows up on any outstanding conditions
• Complete HMDA LAR for all HMDA reportable loan files and add to applicable software
• Submit bi-weekly requests for payments to appraisers
• Maintain report detailing loans currently in process and their status for submission to CEO bi-weekly
• Review outstanding conditions with Loan Officer on a weekly basis
• Assist Residential Loan Officers with managing their Construction Portfolio, orders inspections, and disbursing draw requests
  
  

What you Get

• Competitive pay
• Excellent benefits package, including 15 days of annual Paid Time Off (PTO). Eligible for medical, dental, and vision insurance (single and family) after 60 days of full-time employment. Insurance plans are HSA and FSA-compatible. CNB offers a 401(k) plan with an employer match available after 60 days of full-time employment. Eligible for life insurance, AD&D, and long-term disability after 90 days of full-time employment
• Paid national holidays that follow the Federal Reserve schedule
• Eligible for overtime pay when needed and approved
  
  

Requirements

• High school diploma equivalent experience
• Ability to deal effectively with customers, and personnel from other departments
• Working knowledge of credit terminology, forms, documents, legal requirements, secondary market guidelines, and Bank policies and procedures related to mortgage loans
  
  

EOE, including disability/vets

Salary Description

$16.25 - $24.35