Mortgage Loan Processor

Community State Bank • Union Grove, WI

13d • Hybrid

About The Position

The Mortgage Loan Processor is responsible for the daily processing of residential loan applications and managing a pipeline to meet closing deadlines. At Community State Bank, we are more than just a bank, we focus on building strong successful partnerships based on respect and trust. Our goal is providing opportunity to our customers, employees, and the communities we serve. We are currently hiring for Mortgage Loan Processor.

Requirements

• High School Diploma
• Ideal candidate will have 1 year loan operations or 2 years of banking experience
• Loan documentation knowledge preferred.
• Basic knowledge of Adobe Acrobat, Microsoft Word, Excel and Outlook.
• Knowledge of MortgageBot Software preferred.
• Detail oriented, dependable, organized and the ability to multi-task
• Excellent written and verbal communication skills required. This position will have contact with both internal and external customers.
• Responsible for meeting deadlines as set forth by lender.

Responsibilities

• Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
• Guarantee on time closing by completing all required pre-closing steps; preparing file for closer within required performance standards.
• Proactive communication of loan status to the borrower and the Loan Originator
• Submit loans to underwriting for conditional review and full approval upon receipt of appraisal, once all DU conditions have been met and validated.
• Ensure integrity of all data and process inputs. Order necessary documents and follow-up with vendors/third parties to obtain in timely manner.
• Reviews all documents retrieved against those requested, analyzes for accuracy and/or errors.
• Provides recommendations when loan does not meet standards.
• Informs supervisor of discrepancies in title or survey.
• Adequate Level of TILA-RESPA Integrated Disclosures (TRID) understanding
• Confirms mortgage loan application information by mailing verification forms; contacting verification sources.
• Validate loans in automated underwriting systems including DU or LP and submit to Underwriting in required time frames.
• Submits mortgage loan application file for underwriting approval.
• Promote CSB as a relationship bank with community focus by being involved in Community projects/activities
• Believes in and supports our Mission, Vision and Values

What This Job Offers

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