Community Lending Mortgage Banker Assistant

City National Bank • Babylon, NY

6d • Onsite

About The Position

Provide support to one or more Community Lending Mortgage Bankers (CLMB's) to facilitate the timely review and submission of completed mortgage loan application packages, including supporting documentation required to process loan requests. Support the CLMB in loan preparation and coordination with the operation teams to obtain/transmit necessary documentation and condition requests. Track and update CLMB and Clients on loan and pipeline status.

Requirements

• H.S. Diploma
• Minimum 5 years residential loan processing experience in a mortgage banking company or related financial institution required.
• Minimum 5 years of experience with state and federal lending regulations (e.g. Respa, Reg Z, Ecoa, State Fair Lending) required.
• SAFE Act Registration Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.
• Excellent verbal and written communication skills.
• Must have good analytical skills and the ability to pay close attention to detail.
• Utilizes independent judgment under general supervision.
• May interact with clients, and occasionally with vendors and other outside lending institutions to obtain information and/or request documents.
• Considerable knowledge of the job and the practical application to problems and situations ordinarily encountered.
• Knowledge of general banking operations sufficient to understand the loan function and a basic knowledge of Federal and State loan documentation regulations required (i.e., Respa, Reg Z, Reg B, Ecoa, state fair lending, etc.).

Responsibilities

• Assists CLMB’s with new loan application by entering information into loan operating system, collecting supporting documentation, pulling property profile, ordering appraisals in a rush scenario, preparing lock forms and any other administrative responsibilities related to the preparation of a mortgage application.
• Managing all loan related documents in a share drive or other repository for such documents.
• Manage reporting to track needs by loan and CLMB.
• Assists CLMB in submitting conditions, monitoring expiration date on credit commitments and locks.
• Contacts Clients directly for additional information related to loan requests including documentation required to meet conditions necessary to complete the successful closing of the loan.
• Marketing and sales activities including distribution of collateral, “farming” and follow up on external leads.
• Assists the CLMB with prequalification or preapproval documentation.
• Provide ongoing support for compliance with all applicable laws, regulations and administrative duties.
• Answers calls from Clients, escrow, title, agents etc. regarding status and general questions throughout the process of the loan.
• Maintains a proactive commitment to established Bank programs, such as Customer First, Community Reinvestment Act (CRA) and Equal Employment Opportunity.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED