Real Estate Loan Processor

Deerwood Bank•Deerwood, MN

13h•Onsite

About The Position

Deerwood Bank is hiring a Real Estate Loan Processor for a branch in Mendota Heights, Sartell, Waite Park, Deerwood, or St. Michael, Minnesota. The position is responsible for independently processing real estate loan files accurately and on time, entering customer information, and collaborating daily with Loan Officers, Loan Coordinators, Underwriters, Loan Funders, and the Servicing Team. The role requires strong attention to detail, high-quality work, excellent customer service, and adherence to bank policies and procedures. The processor reviews loan documents, contracts, and disclosures for accuracy and compliance, including FNMA guidelines and TILA requirements. The role handles loan origination tasks, verifies borrower information, prepares documentation for underwriting, monitors disclosure timing, rate locks, and closing dates, and reviews change-in-circumstance scenarios, re-disclosures, and related fees. The position helps clear conditions proactively, maintains records for audits, follows applicable regulations and product guidelines, meets deadlines, builds positive relationships with customers and colleagues, and provides backup within the Mortgage Department as needed. The schedule is Monday through Friday, 8:00 a.m. to 5:00 p.m., with some flexibility in start or stop times. Hiring pay is $25.00–$30.00 per hour, depending on qualifications. Benefits are available to employees working 30 or more hours per week, beginning on the first of the month following hire, with 401(k) eligibility beginning on the first of the month after two months of employment.

Requirements

At least 2 years of mortgage experience in a high-volume, fast-paced environment.
In-depth knowledge of the mortgage process.
Ability to provide excellent customer service and work in a team environment.
Ability to prioritize and make on-the-spot decisions that balance customer satisfaction with exposure to loss or fraud.
Strong organizational skills and attention to detail to ensure accurate, error-free transaction handling.
Ability to operate office equipment and applications needed for the role, including a personal computer, fax, scanner/copier, printer, phone system, applications, spreadsheets, databases, and presentation software; strong keyboarding skills.
Strong interpersonal skills and a positive attitude.
Excellent oral and written communication skills.
Ability to exercise independent judgment.
Ability to organize and prioritize workflow and demonstrate adaptability and flexibility.
Ability to work in a fast-paced environment, think and learn quickly, and maintain a high degree of accuracy.

Responsibilities

Review and process real estate loan documents, contracts, and disclosures for accuracy and compliance, including FNMA guidelines and TILA regulations.
Enter mortgage data, verify borrower information, and prepare documentation for underwriting.
Collaborate with underwriters and loan officers to support smooth processing workflows.
Monitor disclosure delivery timing to meet regulatory timeframes and customer expectations; ensure disclosures are accurate and compliant.
Monitor rate-lock and closing dates.
Validate change-in-circumstance scenarios and re-disclosures, and review calculated fees for each scenario.
Ensure transactions comply with applicable federal regulations and banking standards, and maintain records for audit purposes.
Adhere to HMDA and other applicable regulatory requirements, including TRID, ECOA, Fair Housing, and Fair Lending requirements.
Stay current on applicable product guidelines, processes, government regulations, and industry compliance practices.
Build and maintain positive relationships with customers, potential customers, coworkers, and investors.
Meet required deadlines and help clear loan conditions quickly and proactively to move files toward closing.
Perform other assigned duties and projects and provide backup to other Mortgage Department positions.

Benefits

Medical insurance, including virtual telemedicine and mental health counseling
Health Savings Account
Flexible Spending Account for health, limited-purpose health, and dependent care
Dental insurance
Vision insurance
Basic and voluntary life insurance
Short-term disability insurance
Long-term disability insurance
Adoption Assistance Program
Employee Assistance Program
Paid time off
Paid volunteer time off
Paid holidays
401(k) with company match
Financial wellness education
Free or reduced fees for banking products and services
Employee Referral Bonus