Mortgage Loan Processor / Closer

About the position

The Mortgage Operations - Loan Processor / Closer is responsible for the accuracy of loan packages, ensuring guidelines are met and loans are closed in compliance with State, Federal, TILA and RESPA regulations as well as applicable policy and investor requirements. The team member is responsible for being a back-up for processing loan application packages according to compliance guidelines and regulations, submitting files to underwriting, clearing issues and coordinating closings, and will support post-closing processes as needed. In addition, responsible for managing relationships with appraisal vendor management companies, insurance agents, attorneys and other related third parties to ensure the most efficient closing for the borrower. Also responsible for reviewing all closed mortgage loans to ensure compliance with regulatory requirements and conformance with Bank policies; keeping accurate records of status and communication on every file; refining procedures as necessary. An operations team member should both be proficient in processing & closing Conventional, FHA, VA and USDA loans, purchases as well as refinances. An Operations colleague should be able to manage a pipeline up to 30 - 40 loans. The employee will support the bank's strategic goals, vision, mission, core values, service standards and service philosophy in actions, words and deeds.

Responsibilities

• Ensure accuracy of loan packages and compliance with regulations.
• Process loan application packages according to compliance guidelines.
• Submit files to underwriting and clear issues.
• Coordinate closings and support post-closing processes.
• Manage relationships with appraisal vendor management companies, insurance agents, attorneys, and other third parties.
• Review closed mortgage loans for compliance with regulatory requirements.
• Keep accurate records of status and communication on every file.
• Refine procedures as necessary.

Requirements

• High School diploma.
• 5-8 years mortgage loan processing & closing experience.
• Basic knowledge of the bank's products and services.
• Willingness to serve.
• Ability to function efficiently in a network environment.
• Working knowledge of Microsoft Office and SharePoint.
• General business level of math and general accounting knowledge.
• Ability to collect, research, and analyze information skillfully.
• Self-starter, creative thinker, flexible, and good judgment.
• Attention to detail and ability to work well with others.
• Ability to identify and interpret trends in financial data.
• Working knowledge of compliance guidelines for the bank and the industry.
• Knowledge of loan documentation necessary for position responsibilities.
• Ability to read credit reports and other necessary tools.
• Knowledge of lending regulations including Fair Debt Collections Act, Regulation B, Regulation C, Regulation Z, HMDA, RESPA, and Bank Secrecy.
• Broad knowledge of investment and insurance products.
• Understanding of loan and commitment letters.
• Proficient in processing & closing Conventional, FHA, VA and USDA loans.

Nice-to-haves

• Experience with Mortgage Software.