What are the responsibilities and job description for the Bank Loan Processor #24-18 position at WorkSource Oregon?
Loan Processor is the entry position in the loan processing support series. Incumbents at this level must develop and maintain a thorough knowledge of all consumer and mortgage lending products and all financial and regulatory information required. Incumbent may specialize in mortgage loan processing or perform assignments including both consumer and mortgage loan processing. Loan Processing : Responsible for organizing and completing departmental projects and work assignments while consistently adhering to department and Association policies, procedures and regulatory guidelines. Construction Lending : Incumbent may have the opportunity to develop processing tasks related to construction loans for residential mortgage loans with oversight and guidance. The following tasks represent part or all of the skill sets that incumbent may have an opportunity to develop : Communication : Establish and maintain effective rapport within the department as well as with other internal / external customers, vendors, management, etc., to ensure quality services and products. Compliance : Act in accordance with the highest standards of personal and professional integrity in all aspects of your activities, comply with applicable laws, rules and regulations. Minimum Job Requirements : Degree in Business Administration preferred, or High School Diploma and a minimum of one to three years of consumer and mortgage loan processing and / or servicing experience desired. Knowledge of basic lending policies and procedures including state and federal lending regulations. Understanding of secondary marketing practices and requirements (FHLMC, FNMA etc.) as may be required. Notary Public licensing required. Ability to meet bonding requirements for employment purposes. Licensing Requirements : Employees that : (1) take residential mortgage loan applications and (2) offer or negotiate terms of a residential mortgage loan will be required to : 1) register with the Nationwide Mortgage Licensing System & Registry and complete a MU4R filing notice, 2) to provide fingerprints and 3) to authorize a criminal background screen through the Registry in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act).
