Mortgage Loan Processor

At Solvay Bank, our formula for success combines the traditions of our culture and a sharp strategic vision. We are a growth-oriented community bank that fosters excellence, pride, teamwork and engagement in our workplace. Consider an exciting opportunity as part of our Residential Lending Team.

Mortgage Loan Processor

Our Mortgage Loan Processors obtain, verify, and input information for mortgage loan files to ensure accuracy and completion of all loan documentation necessary for loan closing.  Responsibilities include preparing loan packages for underwriting and approved loans for closing, obtaining credit reports, abstracts, appraisals and surveys, ensuring loan data entered is accurate and customer communication.  This position also works to close and fund loans as well as prepare and distribute loan proceeds.

The ideal candidate will have a two year college degree, the ability to deal effectively with various people and situations and the ability to adhere to Federal, State and local laws and regulation. Lending experience and knowledge of general real estate practices preferred.

For over 100 years Solvay Bank has been dedicated to our customers and our community. Join us and enjoy the many rewards; matched 401(K) retirement savings, health and dental coverage, and more.

Internal candidates must apply by 03/24/2025

Solvay Bank is an EOE/AA/Disability/Veteran

https://dol.ny.gov/system/files/documents/2023/06/p690-your-rights-as-an-employee-to-express-breast-milk-at-work-.pdf

https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

 POSITION TITLE:                          DEPARTMENT:                       REPORTS TO:

Mortgage Loan Processor                 Residential Lending                  VP, Residential Lending Manager

SUMMARY:

Obtains, verifies, and inputs application information for mortgage loan files to ensure accuracy and completion of all loan documentation necessary for loan closings. Prepares loan packages for underwriting and approved loans for closing.

OVERALL RESPONSIBILITIES:

• Reviews residential loan application file to verify that application data is complete and meets established secondary standards including type and amount of mortgage, borrower assets, liabilities, and length of employment.
• Obtains credit reports and employment documentation to verify accuracy of information provided by customer.
• Obtains property abstract, survey, and appraisal.
• Ensures loan data entered into Loan Origination System is accurate and correct.
• Submits mortgage loan application file for underwriting decision.

• Assists in scheduling loan closings and answers routine questions regarding the mortgage loan process.

• Submits approved mortgage loan file to third party attorneys or loan officers for settlement.
• May prepare checks for the distribution of loan proceeds.
• Closing loans, requires updating data entered in the Loan Origination System, preparing documents and data to uploaded to the Host Servicing Platform  
• Funding Loans, requires data completion on the servicing Platform and balancing and reconciling loan proceeds to a Settlement Statement. 
• Performs other tasks as requested by manager as they relate to the bank and its functions
• Adheres to Federal, State and local laws and regulations and to bank policies and procedures.

NECESSARY SKILLS:

• Critical Thinking - Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to customer inquiries.
• Communication – Communicates effectively both verbally and written as appropriate for the needs of the audience. Conveys information respectfully and intelligently by communicating information so that others understand. Excellent customer service skills.
• Motivation – Is self-motivated with the ability to develop successful relationships with all customers and co-workers. Has excellent knowledge of banking products and services.
• Creativity and Innovation – Develops new and original ideas that foster growth and efficiency within the department.
• Team Player – Able to work effectively with all internal and external individuals during the mortgage application process. 

EDUCATION/EXPERIENCE REQUIRED:

• 2-year college degree.
• Lending experience preferred.
• Thorough knowledge of general real estate practices.
• Ability to deal effectively with various people and situations.
• Strong organizational skills and the ability to be flexible.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function.

While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel objects, tools or controls; reach with hands and arms; and talk or hear. The employee frequently is required to stand, walk, sit, and climb stairs. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

The noise level in the work environment is moderate.