Loan Processor

FVSBank; Fond du Lac (WI); On-site; USD 40,000 - 65,000; Full time

Job summary

FVSBank in Fond du Lac, WI is seeking a detail-oriented Loan Processor to manage the loan application lifecycle from submission to approval. You will ensure accuracy, regulatory compliance, and timely processing of documents, with responsibility for data entry, file maintenance, and coordination with lenders.

The role requires strong clerical and computer skills, excellent communication, and the ability to solve problems within a fast-paced financial services environment.

Qualifications

• Post high school education or equivalent experience.
• Strong attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Proficiency with clerical tasks and computer systems.

Responsibilities

• Prepare and review loan closing packages and all related paperwork.
• Ensure completeness and accuracy of required documents.
• Verify closing details comply with state and federal regulations.
• Enter loan data into the Customer Information System and maintain files.
• Prepare loan commitments for approved loans and send to customers.
• Review title insurance for exceptions and conditions.
• Prepare closing figures and documents for disbursement.
• Maintain risk and HMDA data accuracy within the loan package.
• Coordinate with Mortgage Payoffs and escrow tax payments as needed.
• Cross-train on Mortgage Loan Application Processor duties to ensure complete submissions for underwriting.

Skills

Attention to detail

Communication

Clerical skills

Problem solving

Education

Post high school education or equivalent experience

Tools

Office software

Job description

Description

We are seeking a detail-oriented and organized Loan Processor to join our dynamic financial services team. In this role, you will be responsible for managing the loan application process from submission to approval, ensuring accuracy and compliance with all regulatory requirements. If you are passionate about helping clients achieve their financial goals and thrive in a fast-paced environment, we encourage you to apply.

Essential Functions:

1. Preparing and reviewing loan closing packages and all associated paperwork.
2. Ensuring the accuracy and completeness of all required documents.
3. Ensuring all closing details comply with state and federal regulations.
4. As loans are originated, has responsibility for accurately entering the loan information on the Customer Information System and accurately performing the appropriate file maintenance.
5. For approved loans, prepares loan commitments and sends to the customer
6. Double checks title insurance commitment for exceptions and conditions.
7. As loans are scheduled to close, prepares figures, loan closing documents and disbursement checks and forwards to the Loan Officer for closing.
8. Sets up closed loan on the data processing system.
9. As homeowner’s and flood insurance policies are received (daily) checks for accuracy in coverage and expiration dates; files policies for future retrieval.
10. Performs quality assurance review of loan packages prepared by peers.
11. Responsibility for accuracy of data as it relates to the Home Mortgage Disclosure Act (HMDA).
12. Routes documents for recording, requests title final and assures the return of recorded documents to prepare the loan file for inventory.
13. As mortgage payoffs occur, calculates payoff amounts, prepares payoff statements and updates on-line system with appropriate input; takes action to cancel PMI.
14. Works with other operations staff to forward escrowed tax amounts to customers for payment of real estate taxes (Yearend).
15. Assists in performing tasks necessary to make rate adjustments to existing mortgages.
16. Performs other tasks in support of lending operations as requested by Loan Processing Lead
17. Maintains a system to ensures that when flood insurance is required on a loan, that there is compliance with the requirement; takes appropriate action when non-compliance is identified.
18. Reviews and forwards applications for credit life and disability; ensures that policies are issued; handles correspondence; responds to customer’s inquiries regarding these products; assists customers in filing claims when death or disability occurs; balances credit life and disability accounts and makes remittances to insurers when appropriate.
19. Daily, reviews new loan and commitment reports for accuracy and takes corrective action when necessary; receives and files final title insurance documentation; quarterly, checks IRS reports.
20. Maintains a portion of files of homeowner’s insurance; files updates; ensures that there is current coverage on all loans in assigned files.
21. Is responsible for successful completion of all required compliance training. Performs loan processing functions in accord with relevant training. Participates in training meetings to keep abreast of changes in regulations that affect loan originating and reporting.
22. Cross trained on Mortgage Loan Application Processor job duties ensuring that loan applications are complete and accurate before they are submitted for underwriting..
23. Conducts oneself in accord with the Bank’s Core Values.

The job duties listed are not all encompassing. Other duties, responsibilities, and qualifications may be required and/or assigned as necessary. This position requires adherence to applicable regulatory, information security, confidentiality, audit, and internal control requirements.

Requirements

· Post high school education or several years of experience that would indicate the ability to complete tasks with a high degree of accuracy

· Working knowledge of mortgage industry regulations and different loan types

· Very good communication and interpersonal skills (there is significant interaction with customers, Loan Officers, other processing staff and outside service providers

· Very good clerical and computer skills

· Strong attention to detail

· Ability to understand how each task performed is part of a process; ability to think through processes and problem solve when necessary

Physical Requirements:

• The ability to sit for lengthy periods of time
• Frequent use of computer, calculator and other office equipment
• Occasional local travel including driving of vehicle
• Occasionally lifting up to 20 lbs to waist height

FVSBank is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation or protected veteran status.