Mortgage Loan Processor, Closer

Description:

The Mortgage Loan Processor and Closer is an onsite position responsible for entering, verifying, and evaluating the detail and credit worthiness of residential loan applications. Responsible for accurate data input, verification of detail resulting in providing a final loan application for evaluation and decision. Produces loan files that meet Bank policy as well as regulatory and compliance guidance. Processor may have direct contact with consumers assisting in determining appropriate loan product, terms, and qualifications. Performs residential mortgage closings with buyers’ attorneys.

Reports To: Vice President/Residential Lending Manager

Essential Duties and Responsibilities:

• Originates, discloses, and processes residential loans into appropriate LOS.
• Reviews application detail to verify data is complete, accurate and current, with supporting documentation per Bank policy and procedures.
• Facilitates and/or assists consumer in selection of appropriate loan product.
• Answers regulatory and banking related loan questions timely and accurately.
• Thorough understanding and adherence to all banking regulations, policies and procedures.
• Prepares and delivers all applications and related documents and disclosures in timely manner.
• Verifies required data including collateral, employment length, financial statement accuracy and collateral asset values.
• Interacts with credit bureaus, outside service providers such as real estate agents, appraisal companies, real estate attorneys, employers and other financial institutions related to loan verification and closings.
• Prepares loan files for closing or denial notification.
• Works closely with attorneys to close loan for the buyer.
• Displays excellent interpersonal and communication skills.
• Provides outstanding internal and external customer service.
• Other duties as assigned.

Requirements:

• Minimum of 1 to 3 years of residential mortgage processing experience.
• Extensive knowledge and understanding of residential lending requirements.
• Basic knowledge of underwriting methodology.
• Knowledge of mortgage closings and ability to deliver accurate closing documents in a timely manner.
• Experience in residential mortgage processing in Encompass.
• Working knowledge of Insight operating system preferred.
• Experience working with software vendors and platforms.
• Demonstrated strength in attention to detail and accuracy.
• Proven effective written and verbal communication skills.
• Ability to work effectively both independently and in collaboration with team members.
• In-depth knowledge of the real estate industry and current trends.
• Bachelor’s degree in finance or related field preferred.

Supervisory Responsibility

None

Work Environment

Work is performed in an office environment with occasional travel to one of our bank branches.

Physical Demands

While performing the duties of this job, the employee is regularly required to sit or maneuver around the office environment or bank branch and may have to travel to various locations. Requires the use of hands to operate computer keyboard and other equipment, and use of sight and hearing. Reasonable accommodations may be made to allow individuals to perform this position.

Position Location

This is a full-time position based on-site in our North Brookfield office location. Candidate must reside within a commutable distance, as this is not a remote position.

Travel

Less than 5%. Occasional to travel to one of our branch locations.