Sr. Loan Processor

About the position

Mechanics Bank is currently searching for a Sr. Loan Processor to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Walnut Creek, CA office. The Sr. Loan Processor is responsible for the processing of mortgage and consumer loans, providing support to loan originators and sales team associates. The Sr. Loan Processor must have a deeper and broader understanding of the mortgage process, including handling complex and non-standard cases. This role will often have additional responsibilities, which can include overseeing the work of a Junior loan processor, handling more complex loan files and possibly training or mentoring less experienced staff. Due to level of experience, a Sr. Loan Processor will have greater authority in making decisions related to the loan process. This role will be empowered to handle exceptions or make judgement calls in situations that are not straightforward, assist in developing or revising processing procedures and handle problematic or challenging cases that require a higher level of expertise.

Responsibilities

• Under minimum supervision, performs at a proficient skill level all aspect of the department including advanced knowledge of loan documentation software (e.g. LaserPro or Encompass) for First and Second Lien Mortgages.
• Reviews all loan applications, including the most complex and non-standard cases, for completeness and accuracy.
• Verify applicant information, income, employment history and credit.
• Process all types of loan files within pipeline at different stages of the loan process.
• Order, collect, verify and analyze documentations required for submitting files to Underwriting.
• Order and follow up with third party vendors.
• Calculate income, able to read tax returns, and other income documentation.
• Manage pipeline, meeting contingencies and close of escrow dates.
• Assure loan packages are accurate and compliant with State and Federal Regulations, RESPA, Reg Z, HMDA and Reg B, etc.
• Ability to order AUS, comprehend and clear AUS conditions/findings.
• Prioritize daily work to meet deadlines and adjust to last minute changes.
• Collect and organize all necessary documentation from sales team.
• Order verifications and validate documentation and information.
• Maintain clear and open communication with sales team, underwriters, escrow, etc., throughout the loan process.
• Prepare and submit complete loan files to underwriting for approval.
• Ensure compliance with all federal and state regulations governing mortgage lending.
• Identify and resolve any issues or discrepancies in loan file.
• Manage loan pipeline to meet processing deadlines, loan contingencies and closing dates.
• Participate in departmental projects.
• May oversee work of less experienced loan processors.
• Perform all other job duties as assigned by supervisor.

Requirements

• Minimum 5 years of applicable experience required.
• High School or GED required.
• Preferred experience at Independent Mortgage Banks (IMB) within years of expertise.
• Experience with both conventional and government loan products as well as correspondent, delegated, non-delegated, broker, CalHFA, USDA.
• Ability to maintain a positive and friendly attitude even when under pressure.
• Ability to work effectively without direct supervision.
• Ability to comprehend and interpret Bank policies and procedures.
• Possess effective time management and organizational skills.
• Demonstrates teamwork in facilitating workflow.
• High level of cooperation with others and is responsive to the Bank's needs.
• Exemplary motivation, enthusiasm, professionalism and team skills.
• Have high level of accuracy and great attention to detail.
• Strong analytical and problem solving skills.
• Demonstrates excellent customer service skills.
• Ability to cope with pressure resulting from meeting required deadlines, reporting requirements and training responsibilities.
• Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive customer or employee information.
• Ability to handle constant use of tact, discretion and good judgment.
• Ability to travel between bank locations and/or commute for training purposes - less than 25%.

Benefits

• Equal opportunity employer
• Consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.