Processing & Disclosure Specialist

Deerwood Bank•Waite Park, MN

13d•$25 - $30•Hybrid

About The Position

Deerwood Bank is a growing, privately-owned, community bank with 14 locations in Minnesota and is hiring a Residential Real Estate Loan Processor and Disclosure Specialist to work in its Mendota Heights, Waite Park, or Baxter, MN branch. This position is responsible for timely and independent processing of real estate loan files. Responsible for preparing and delivering required disclosures accurately, timely, and within compliance of all applicable laws and regulations for all Mortgage and Home Equity loan products. Precise data entry of customer information. Daily collaborations with Loan Officers, Underwriters, Loan Funders and Servicing Team. This position demands extreme attention to detail with outstanding quality, excellent customer service, and adherence to all bank policies and procedures.

Requirements

2+ years of mortgage experience in a high-volume fast-paced environment required
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.