Draw Processor I

Banner Bank•Walla Walla, WA

1d•Onsite

About The Position

As a Draw Processor with Banner Bank, you will perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation. In this role, you'll have the opportunity to be responsible for obtaining documentation and approvals necessary to extend matured loans in a timely manner. You will prepare and process completed modification and/or extension documents for all types of construction loans, calculate and apply extension fees, and submit invoices for payment. You will be responsible for ordering and reviewing updated appraisals, 442s, and title policies. Additionally, you will assist in the preparation of files for possible sale on the secondary market, monitor the construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines, and be responsible for gathering and reviewing documents pertaining to the completion of home loan construction. You will also be responsible for processing system changes to convert loans from the construction to permanent financing phase and for complying with policies, procedures, security requirements, and government regulations.

Requirements

H.S. Diploma: required
0 to 2 years of mortgage servicing or banking experience required
Knowledge of all forms and documents for processing all real estate loan types.
Ability to understand and apply changes to regulations and requirements to daily work.
Ability to prioritize, multi-task, and meet deadlines.
Ability to work independently and as part of a team.
Possess well-developed verbal and written communication skills including proper grammar and correct spelling.
Communication occurs via phone, email, or written correspondence with customers and co-workers.
Knowledge of investor, federal and state laws and regulations relating to mortgage servicing.

Responsibilities

Perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation.
Obtain documentation and approvals necessary to extend matured loans in a timely manner.
Prepare and process completed modification and/or extension documents for all types of construction loans.
Calculate and apply extension fees.
Submit invoices for payment.
Order and review updated appraisals, 442s, and title policies.
Assist in the preparation of file for possible sale on the secondary market.
Monitor construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines.
Gather and review documents pertaining to the completion of home loan construction.
Process system changes to convert loans from the construction to permanent financing phase.
Comply with policies, procedures, security requirements, and government regulations.