Processing & Disclosure Specialist

Deerwood Bank•Baxter, MN

23h•Onsite

About The Position

Deerwood Bank is seeking a Residential Real Estate Loan Processor and Disclosure Specialist for its Baxter, Deerwood, Mendota Heights, or St Michael, MN branch. This role is responsible for the timely and independent processing of real estate loan files, including preparing and delivering required disclosures accurately and compliantly with all applicable laws and regulations for all Mortgage and Home Equity loan products. The position requires precise data entry, daily collaboration with loan officers, underwriters, loan funders, and the servicing team, and demands extreme attention to detail, outstanding quality, excellent customer service, and adherence to all bank policies and procedures. This is an in-office position; remote work is not available.

Requirements

2+ years of mortgage loan processing experience in a high-volume fast-paced environment REQUIRED.
Experience working with Encompass mortgage loan originations software strongly preferred.
Provide excellent customer service and work in a team environment.
Ability to prioritize and make ‘on-the-spot’ decisions that impact the customer, weighing customer satisfaction with exposure to loss or fraud.
In-depth knowledge of mortgage process.
Effectively operate all office equipment required to support this position. To include but not limited to personal computer, strong keyboarding skills, fax, scanner/copier, printer, phone system, all applications, spreadsheets, database, and presentation software necessary.
Strong interpersonal skills, attention to detail and positive attitude.
Excellent oral and written communication skills.
Display independent judgement.
Demonstrate excellent organization, prioritize workflow, adaptability, and flexibility.
Ability to work in a fast-paced environment and be a quick thinker and learner while maintaining a high degree of accuracy.

Responsibilities

Review and process loan documents, including FNMA (Fannie Mae) guidelines, contracts and disclosures to ensure accuracy and compliance with TILA regulations.
Handle loan origination tasks such as inputting data into mortgage systems, verifying borrower information and preparing necessary documentation for underwriting.
Collaborate with underwriters and loan officers to facilitate smooth processing workflows.
Monitor the timing of the delivery of disclosures to ensure they are delivered within appropriate timeframes based on the method of delivery for all types of mortgage lending products based on the regulatory timing requirements and customer expectations.
Ensure disclosures are compliant and accurate.
Monitor rate lock and closing dates.
Generate and distribute up front disclosure packages to applicants for signatures via regular mail, overnight delivery, email, or e-sign per the direction of the licensed loan originator.
Ensure that the fees entered are appropriate for the program type and geographic area of the loan.
Validate the compliance of change in circumstance scenarios and re-disclosures as well as review the calculated fees for each change in circumstance scenario.
Generate and distribute preliminary Closing Disclosure to applicants for signatures as well as producing the closing documents.
Upload Closing Disclosures for all secondary market loans to the Fannie Mae and Freddie Mac Loan Delivery System for the Uniform Closing Dataset (UCD) program.
Ensure all transactions comply with federal regulations such as TILA and applicable banking standards while maintaining meticulous records for audit purposes.
Adhere to HMDA regulations.
Must stay current on all applicable product guidelines, processes, government regulations, and industry compliance best practices.
Must build and maintain positive relationships with all customers, potential customers, co-workers, and investors.
Meet crucial deadlines requested.
Willingly perform all other duties and projects as assigned as well as providing back up to other positions within the Mortgage Department.
Strong organizational skills with attention to detail to ensure error-free transactions handling.