Mortgage Loan Processor I

About the position

Responsible for processing the required documentation for in-house and secondary market mortgage loans and expediting the process. This role involves ensuring all loan documentation meets CNB and investor standards for mortgage loans, working closely with Underwriters to ensure a timely process, and scheduling loan closings with attorneys, customers, and realtors. The position also requires maintaining an organized computerized filing system for loan customers and updating client information as it changes.

Responsibilities

• Request all pertinent loan documentation to meet CNB and investor standards for mortgage loans.
• Generate loan closing documents and disburse loan proceeds checks.
• Review customer details from loan applications and crosscheck information to ensure accuracy and completeness.
• Discuss the status of loan applications with clients and indicate when more documentation is needed.
• Inform customers about the terms of an accepted loan, including interest rate, repayment options, and closing costs.
• Maintain an organized computerized filing system for loan customers.
• Recommend new products and services to improve efficiencies and customer experience.
• Research and stay up to date on state and federal mortgage regulations.
• Schedule loan closings with attorneys, customers, and realtors.
• Contact insurance companies to ensure proper coverage for real estate loans.
• Prepare Post Closing of a loan file for upload onto the system by the Loan Servicing Dept.
• Prepare Secondary Market Files to Submit to Investors for Purchase.
• Complete HMDA LAR for all HMDA reportable loan files.
• Submit bi-weekly requests for payments to appraisers.
• Maintain report detailing loans currently in process and their status for submission to CEO bi-weekly.
• Review outstanding conditions with Loan Officer on a weekly basis.
• Assist Residential Loan Officers with managing their Construction Portfolio.

Requirements

• High school diploma or equivalent experience.
• Ability to deal effectively with customers and personnel from other departments.
• Working knowledge of credit terminology, forms, documents, legal requirements, secondary market guidelines, and Bank policies and procedures related to mortgage loans.

Benefits

• Competitive pay.
• Excellent benefits package, including 15 days of annual Paid Time Off (PTO).
• Eligible for medical, dental, and vision insurance (single and family) after 60 days of full-time employment.
• Insurance plans are HSA and FSA-compatible.
• 401(k) plan with an employer match available after 60 days of full-time employment.
• Eligible for life insurance, AD&D, and long-term disability after 90 days of full-time employment.
• Paid national holidays that follow the Federal Reserve schedule.
• Eligible for overtime pay when needed and approved.