Draw Processor I
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 float down documentation. In this role you'll have the opportunity to: Responsible for obtaining documentation and approvals necessary to extend matured loans in a timely manner. Prepare and process completed modification and/or extension documents for of all types of construction loans. Calculate and apply extension fees. Submit invoices for payment. Responsible for ordering and reviewing 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. Responsible for gathering and reviewing documents pertaining to the completion of home loan construction. Responsible for processing system changes to convert loans from the construction to permanent financing phase. Responsible 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.
- Posses 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
- Responsible for obtaining documentation and approvals necessary to extend matured loans in a timely manner.
- Prepare and process completed modification and/or extension documents for of all types of construction loans.
- Calculate and apply extension fees.
- Submit invoices for payment.
- Responsible for ordering and reviewing 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.
- Responsible for gathering and reviewing documents pertaining to the completion of home loan construction.
- Responsible for processing system changes to convert loans from the construction to permanent financing phase.
- Responsible for complying with policies, procedures, security requirements, and government regulations.
Benefits
- Targeted starting hourly range (based on experience): $ 18.17 - $24.59
- Incentive potential
- Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life
- Paid vacation time, sick time and 11 company paid holidays
- 401k (with up to 4% match)
- Tuition reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
