Senior Loan Processor

Midwest BankCentre•St. Louis, MO

2d•Onsite

About The Position

Midwest Bank Centre is seeking a Senior Loan Processor to join their team. This role is crucial in preparing accurate mortgage application documentation, analyzing credit and collateral documents, and providing processing support to loan officers. The position requires maintaining compliance with all regulations, confirming application data accuracy, and providing training and support within mortgage operations. A key aspect of the role involves conducting junior underwriting analyses for loan pre-approvals. Midwest Bank Centre emphasizes a culture of engagement, collaboration, diversity, inclusion, and innovation, with a strong commitment to community investment and shared prosperity.

Requirements

High school diploma or equivalent
Basic math and computer skills
Excellent communication (written and verbal), customer service, organization, and time management skills
Ability to handle high workload and maneuver through multiple tasks efficiently
Ability to pass a background check
Strong dedication to accuracy and efficiency
Minimum of 5-7 years in mortgage loan processing is required

Nice To Haves

Knowledge of FHA/VA/USDA/Down Payment Assistance programs and their systems preferred
Commercial credit experience

Responsibilities

Prepare accurate mortgage application documentation for loans to meet Fannie/Freddie/FHLB/GNMA, FHA, VA, USDA, MI and in-house underwriting guidelines
Analyze and monitor receipt of credit and collateral documents
Provide Processing support for loan officers
Maintain compliance to all regulations throughout the application process
Confirm accuracy of application data through analysis and verifications
Provide training and support within all areas of mortgage operations
Conduct a junior underwriting analysis of a loan for appropriate pre-approval
Prepare proper application and documentation to perfect Bank’s interest and mitigate risk
Obtain processing documents to ensure timely issuance of loan commitments and closings (e.g., appraisal, title, income verification, asset verification; etc.)
Determine necessary documents for mortgage file, including collateral and regulatory documents through trained/learned experience with AUS and underwriting requirements
Determine the validity and completeness of mortgage application and processing documents
Satisfactory review of all documents to meet all federal, state, secondary market and in-house underwriting and compliance guidelines
Scan and index documents in an accurate and organized fashion for submission to underwriting and proper submission to investors and/or auditors
Clear all conditions from underwriting and release approved mortgage to closing
Prepare mortgage file and submit to closing in timely manner to remain compliant with guidelines
Communicate with the mortgage loan officers and customers as it relates to customers, applications, loan commitments, closings, lock expiration dates and documentation
Effectively manage the entire pipeline to ensure timely completion of the mortgage process
Serve as the main point of contact to ensure a seamless experience through the mortgage process