Loan Processor

Job Summary
We are seeking a detail-oriented and organized Loan Processor to join our dynamic team. The ideal candidate will be responsible for managing the loan process from origination to closing, ensuring compliance with all regulatory requirements. This role requires strong analytical skills and a thorough understanding of loan processing standards.

At Foresight Bank, we are dedicated to fostering wise financial decisions and building trusted relationships. As a Loan Processor, you will play a crucial role in helping our customers achieve their financial goals through efficient and accurate loan origination and servicing processes. This position is vital to ensuring that our customers receive customized, value-added products and services, and that every interaction is positive and supportive.

We are looking for positive, smart, and motivated individuals who are passionate about helping others. If you value relationships, accountability, and continuous improvement, and if you thrive in a fast-paced, team-oriented environment, we invite you to apply for this rewarding opportunity. Join us in making a difference in the lives of our customers and communities, and grow your career with a bank that values diversity, learning, and long-term success.

The Loan Processor proactively manages loan origination and servicing processes to ensure loan transactions occur in a timely and accurate fashion. This position will help originate business purpose loans, consumer mortgage loans, and retail loans. Specific duties involve loan documentation creation, maintenance of loan information in the bank’s various software systems, basic accounting entries, completion of loan processing checklists, and providing excellent service while assisting customers with questions and transactions.

Duties

• Manage the loan pipeline to ensure accuracy and timely loan closings
• Create and generate loan documents that are consistent with the specifications provided by the Loan Officer
• Order underwriting reports and origination products/services, including appraisals, credit reports, flood determinations, title work, Desktop Underwriting (DU), verifications of employment, MGIC Private Mortgage Insurance (PMI), etc.
• Assist the Loan Officer in obtaining documents from loan applicants
• Proactively coordinate with title companies and attorney offices on loan closings and loan settlement balancing
• Act as an intermediary between Loan Officers and outside parties to ensure timely and accurate loan originations
• Meet regulatory requirements for early disclosure delivery and Equal Credit Opportunity Act for applications that do not result in loans
• Loan reporting tasks and servicing existing loans
• Follow training plan and complete assignments in a timely manner

Skills

• Excellent organizational skills and attention to detail
• Ability to work independently as a self-starter to ensure all duties and responsibilities are carried out in a proactive and timely manner
• Ability to work with team members in a collegial and effective manner
• Ability to prioritize, manage multiple loan files and multi-task, while meeting deadlines
• Ability to work in a fast-paced environment while maintaining accuracy and efficiency
• Strong oral and written communication skills
• Excellent interpersonal and customer service skills
• Strong attention to detail and accurate data entry
• Understanding of basic lending and accounting principals
• Develop proficiency with banking software systems

Join our team as a Loan Processor where your expertise will contribute significantly to our commitment to providing exceptional service!

This job description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive. It does not state or imply that these are the only duties and responsibilities assigned to the position. The employee may be required to perform other job-related duties.

This job description does not constitute an employment contract. The person who fills this position will be an at-will employee of Foresight Bank. Duties and responsibilities will change with the changing business environment and needs of the bank, so every position with the bank will involve constant change. This job description is subject to possible modification to reasonably accommodate individuals with a disability.

Foresight Bank is an Equal Employment Opportunity (EEO) Employer. It has been and will continue to be a fundamental policy not to discriminate on the basis of race, color, creed, religion, gender, gender identity, pregnancy, marital status, partnership status, domestic violence victim status, sexual orientation, age, national origin, alienage or citizenship status, veteran or military status, disability, medical condition, genetic information, caregiver status, unemployment status or any other characteristic prohibited by federal, state, and/or local laws. This policy applies to all aspects of employment, including hiring, promotion, demotion, compensation, training, working conditions, transfer, job assignments, benefits, layoff, and termination.

Job Type: Full-time

Pay: $41,600.00 - $58,240.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to Commute:

• Rochester, MN 55901 (Required)

Ability to Relocate:

• Rochester, MN 55901: Relocate before starting work (Required)

Work Location: In person

Salary : $41,600 - $58,240