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.

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

Obtaining documentation and approvals necessary to extend matured loans in a timely manner.
Preparing and processing completed modification and/or extension documents for all types of construction loans.
Calculating and applying extension fees.
Submitting invoices for payment.
Ordering and reviewing updated appraisals, 442s, and title policies.
Assisting in the preparation of file for possible sale on the secondary market.
Monitoring construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines.
Gathering and reviewing documents pertaining to the completion of home loan construction.
Processing system changes to convert loans from the construction to permanent financing phase.
Complying with policies, procedures, security requirements, and government regulations.