What are the responsibilities and job description for the Mortgage Loan Associate position at Community State Bank - Des Moines, IA?
Job Type
Full-time
Description
TITLE: Mortgage Loan Associate
DEPARTMENT: Credit Assistants
PAY GRADE & FLSA: 5, Non-Exempt
Job Summary
The Mortgage Loan Associate is responsible for all aspects of mortgage loan processing including but not limited to in-house and secondary mortgage loans, construction, and lot loans. The associate will also be tasked with preparing real estate closing documents accurately in accordance with FNMA/FHLMC guidelines and QCRH Credit Policy and Real Estate Lending Procedures Manual. The incumbent should have the ability to prioritize assignments and file flow efficiently, to successfully manage pipeline volume. Strong communication skills, both written and oral are critical to the success of the associate. Attention to detail and accuracy are mandatory requirements for this position. The incumbent will work closely with the residential origination team, underwriter, and loan support associates to insure seamless loan transactions.
Essential Functions
QCR Holdings, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.
It is the policy of QCR Holdings, Inc. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.
Full-time
Description
TITLE: Mortgage Loan Associate
DEPARTMENT: Credit Assistants
PAY GRADE & FLSA: 5, Non-Exempt
Job Summary
The Mortgage Loan Associate is responsible for all aspects of mortgage loan processing including but not limited to in-house and secondary mortgage loans, construction, and lot loans. The associate will also be tasked with preparing real estate closing documents accurately in accordance with FNMA/FHLMC guidelines and QCRH Credit Policy and Real Estate Lending Procedures Manual. The incumbent should have the ability to prioritize assignments and file flow efficiently, to successfully manage pipeline volume. Strong communication skills, both written and oral are critical to the success of the associate. Attention to detail and accuracy are mandatory requirements for this position. The incumbent will work closely with the residential origination team, underwriter, and loan support associates to insure seamless loan transactions.
Essential Functions
- Will prepare and disseminate all mortgage loan disclosures required under Federal and State law.
- Monitor mortgage loan officers’ pipelines, ensuring deadlines and commitment dates and rate locks are met.
- Work closely with bank’s settlement agents to coordinate closings, prepare documents and ensure loans are closed in compliance with established policies and procedures.
- Prepare, maintain, and monitor file documentation to be submitted for underwriting. This includes collecting and verifying completeness of requested credit documents. Processes documents by correctly entering information into Encompass, AUS DO/DU, and/or LaserPro.
- Prepare, analyze, and maintain all file documentation related to loan closing activities. Examples include, but are not limited to, obtaining conditions, reviewing title work, obtaining insurance information, obtaining subordination agreements, verifications of employment, verification of all fees and invoices.
- Review executed closing packages/documents to ensure accuracy prior to sending file for booking. Resolve any secondary market suspensions or deficiencies and follows-up on any missing documentation in mortgage file in a timely manner. Balance and reconcile mortgage DDAs.
- Responsible for compliance with applicable State and Federal regulations during processing and closing of loan file, including accurate completion of HMDA information.
- Comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
- Maintain knowledge of company policies and procedures as well as internal audit procedures, legal regulations, and requirements.
- Foster and preserve a culture of diversity, equity, and inclusion.
- Additional duties and responsibilities may be required to support the company’s mission, vision and values.
- High School diploma or equivalent required. Associate or bachelor’s degree in business, finance, or an equivalent of education and experience.
- Minimum of 3 years’ experience in a mortgage processing or junior underwriting position or combination of equivalent education and experience. Experience processing and closing both in-house and correspondent/secondary mortgage loan applications is highly desired. Advanced familiarity with Encompass LOS is strongly preferred.
- A firm understanding of the FNMA selling guide, principles and concepts.
- Advanced familiarity with DO/DU AUS systems, recommendations, and findings.
- Proficiency in Encompass and DecisionPro (CSM) LOS systems.
- Capability to utilize various banking software and Microsoft 365 products, with a high level of accuracy and attention to detail.
- Strong interpersonal, verbal written and presentation skills.
- Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner.
- Knowledge of basic accounting principles.
- Strong organizational and time management skills with capability to meet deadlines.
- Strong analytical and problem-solving capabilities.
- Capability to manage sensitive information and uphold confidentiality.
- Self-motivated and self-directed.
- Duties are performed in a professional office environment.
- Ability to occasionally travel to other bank locations for training or meetings.
- Ability to lift up to 50 lbs.
QCR Holdings, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.
It is the policy of QCR Holdings, Inc. to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.
