Loan Analyst II

Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem, MA offices.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Review all documents in the mortgage loan file to ensure completeness, accuracy and compliance with Bank / Investor guidelines
• Obtain and review all documents in the mortgage loan file to ensure completeness, accuracy and compliance with Bank / Investor guidelines
• Generate requests and follow-up with vendors and external sources including but not limited to verifications, insurance, attorney documents, checklists and commitment conditions
• Serve as a facilitator and liaison to identify and request additional information as necessary from Borrowers and Loan Officers
• Meet or exceed SFMC's service standards including borrower and Loan Officer expectation's relative to the mortgage experience.
• Develop an ongoing knowledge of the fundamentals of mortgage underwriting, the Mortgage Company and Bank's residential mortgage products and the basic requirements set forth by FHLMC, FNMA, FHA, VA, Rural state housing and other secondary market investors.
• Maintain integrity of HMDA.
• Pre-underwrites loans where applicable and make preliminary recommendation for lending decision or eligibility
• Facilitate the process to insure regulatory and compliance deadlines, rate deadlines and contract dates are met or exceeded.
• Identify and sustain organizational disciplines to insure timely and accurate handling of files and loan documentation.
• Insure workflow meets service and regulatory requirements by utilizing reports and collaborating with team.
• Assist as called upon in the training of newly hired loan analysts.
• Insure regulatory compliance requirements are met relative to BFA, identity theft, fraud and risk
• Work with post-closing to insure timely resolution of curative items.
• Responsible for the maintenance of processing and underwriting reports as required by management.
• Review all reports and verifications and reconcile all received documentation.

EDUCATION and / or EXPERIENCE

Bachelor's degree (B. A.) from four-year college or university; or three to five years related experience and / or training; or equivalent combination of education and experience.

Mortgage processing experience required. Word, Excel and mortgage loan processing software skills required; strong time management and organizational skills required; excellence in customer service and communication skills required; ability to work in a team-oriented service driven environment and mortgage lending knowledge DU / LP, FNMA / FHA / VA and State Housing.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; sit; use hands to finger, handle, or feel; and reach with hands and arms. The employee is occasionally required to climb or balance; stoop, kneel, crouch, or crawl; and taste or smell. The employee must occasionally lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Benefits / Incentives : Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more.

Salary Range : Competitive Base

Ready to apply ? If this job sounds like a fit for you, then click on Apply / Apply Now in this posting. We look forward to talking with you.

Qualified candidates may also submit a resume and application online at salemfive.com / careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)