Real Estate Loan Processor

Deerwood Bank•Saint Michael, MN

1d•$25 - $30•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 role is responsible for independently and promptly processing real estate loan files, accurately entering customer information, and collaborating daily with Loan Officers, Loan Coordinators, Underwriters, Loan Funders, and the Servicing Team. The position requires meticulous attention to detail, high-quality work, excellent customer service, and compliance with bank policies and procedures. The processor reviews loan documents, contracts, and disclosures; handles loan origination tasks; monitors disclosure timing, rate locks, and closing dates; and helps clear conditions to move files toward closing. The role ensures loan files and disclosures meet applicable requirements, maintains records for audit purposes, builds positive relationships with customers and colleagues, meets deadlines, and provides backup to other Mortgage Department positions as needed.

Requirements

At least 2 years of mortgage experience in a high-volume, fast-paced environment.
In-depth knowledge of the mortgage process.
Excellent customer service skills and ability to work in a team environment.
Ability to prioritize and make on-the-spot decisions that balance customer satisfaction with exposure to loss or fraud.
Ability to operate office equipment and relevant applications, including a computer, fax, scanner/copier, printer, phone system, spreadsheets, databases, and presentation software; strong keyboarding skills.
Strong interpersonal skills, attention to detail, and a positive attitude.
Excellent oral and written communication skills.
Ability to exercise independent judgment.
Excellent organization, workflow prioritization, 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 loan documents, including FNMA guidelines, contracts, and disclosures, to ensure accuracy and compliance with TILA regulations.
Perform loan origination tasks, including entering data into mortgage systems, verifying borrower information, and preparing documentation for underwriting.
Collaborate with underwriters and loan officers to facilitate smooth processing workflows.
Monitor disclosure delivery timing for all mortgage lending products in accordance with regulatory requirements and customer expectations.
Ensure disclosures are accurate and compliant.
Monitor rate-lock and closing dates.
Validate the compliance of change-in-circumstance scenarios and redisclosures, and review calculated fees for each scenario.
Ensure transactions comply with federal regulations and applicable banking standards, maintaining meticulous records for audits.
Adhere to HMDA regulations and stay current on applicable product guidelines, processes, government regulations, and industry compliance best practices.
Build and maintain positive relationships with customers, potential customers, coworkers, and investors.
Meet required deadlines.
Perform other assigned duties and projects and provide backup to other Mortgage Department positions.
Organize work carefully to ensure accurate transaction handling and proactively help clear conditions to move files toward closing.
Meet requirements for statutes and regulations governing the position, including TRID, HMDA, ECOA, Fair Housing, and Fair Lending.

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
PTO
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