Loan Processor

Jewett City Savings Bank; Griswold, Northern (CT, KY); Hybrid; USD 32,000 - 40,000; Full time

Benefits offered by this job

Time off benefit

401(k) plan

Health insurance

Student loan assistance

Annual bonus

Travel reimbursement

Logo apparel

Employee assistance program

Job summary

Jewett City Savings Bank is seeking a Loan Processor in Jewett City, CT to guide loan files from application to close, coordinating with borrowers, loan officers, and underwriters to ensure accuracy and timely processing.

This on-site role requires attention to detail, strong communication, and knowledge of lending regulations; schedule is 37.5 hours per week, Monday–Friday, 8am–4pm, with a competitive benefits package.

Qualifications

• High school diploma or equivalent and at least one year of clerical experience.
• Must be very detail oriented, demonstrate strong organizational, verbal and written communication skills.
• Prior loan processing experience and knowledge of Bank loan products and processes preferred.
• Proficient in MS Office applications.

Responsibilities

• Guide loan files from application to close by coordinating with borrowers, loan officers, underwriters and third parties.
• Verify borrower information (employment, income, credit history, assets) and assemble complete loan files.
• Submit loan packages to lenders, monitor conditions, and gather required documentation from third parties.
• Process rate lock requests according to established guidelines.
• Prepare early disclosures to ensure compliance with TILA and Fair Housing regulations.
• Maintain pipeline using reports to identify aging files and prioritize tasks.
• Coordinate with title companies, appraisers and others to obtain necessary documents.
• Prepare and provide commitment letters when final approval is issued.

Skills

Attention to detail

Organizational skills

Verbal and written communication

Customer service mindset

Loan processing knowledge

Education

High school diploma or equivalent

Tools

MS Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Loan Processor

Salary Range: $22.82 To $28.80 Hourly

Jewett City Savings Bank is a full-service financial institution that has been part of the eastern Connecticut community for over 150 years. We are dedicated to providing financial services of the highest quality and value to our customers. We have thrived as an independent mutual savings bank by being financially responsible and remaining committed to our mission.

We are seeking a Loan Processor toguide loan files from application to close by working closely with borrowers, loan officers, underwriters, and third parties; ensure efficiency and accuracy by gathering and verifying financial documentation for compliance with lending regulations, proactively resolve workflow delays, and assist in moving loans through approval and closing.

This is an on-site position in Jewett City, CT.

JOB RESPONSIBILITIES:

• Perform any function necessary, within scope of authority and expertise, to provide the highest level of customer service and to support, create and develop aharmonious work environment.
• Review all types of retail loan applications and supporting documentation for completeness and accuracy. Verify borrower information, including employment, income, credit history, and assets. Assemble complete, well-documented loan files for submission to underwriters or third-party originator by anticipating conditions to maximize efficiency Communicate with borrowers, loan officers, and underwriters to gather additional information or clarify discrepancies.
• Electronically submit reviewed loan packages to correspondent lenders and brokers through the appropriate loan portals. Proactively monitor incoming loan conditions and track any additional documentation requested by third party vendors. Coordinate directly with loan officers to ensure all required documentation is collected efficiently to keep the file moving forward.
• Process rate lock requests based on established guidelines.
• Responsible for the preparation of early disclosures within the timelines established to ensure compliance with all applicable regulations, including TILA and Fair Housing regulations.
• Maintain active pipeline management by using reports and tracking tools to identify aging files, outstanding conditions, and potential workflow constraints while prioritizing specific files to all tasks meet excepted turn times.
• Order flood certifications, appraisals, and PMI quotes. Coordinate with title companies, appraisers, and other third parties to obtain all necessary documentation. Actively monitor these requests to ensure timely receipt.
• Prepare and provide via email, loan portal or mail residential mortgage, home equity lines of credit and secured installment loan commitment letters when final approval is issued.
• Ensure data within the loan origination system is accurate prior to scheduling loan closings and preparing the closing packages.
• Prepare the adverse action notices for an incomplete or a denied loan. Ensure that a secondary review is conducted on all denied loans.
• Check HMDA input for accuracy.
• Perform all duties in accordance with the Bank’s policies and procedures, and regulatory compliance. Demonstrate regular and predictable on-site attendance.

JOB REQUIREMENTS:

High school diploma or equivalent and at least one year of clerical experience. Must be very detail oriented, demonstrate strong organizational, verbal and written communication skills. Prior loan processing experience and knowledge of Bank loan products and processes preferred. Must be proficient in MS Office applications.

SCHEDULE:

• Full-Time
• 37.5 hours/week
• Monday through Friday 8am – 4pm

BENEFITS:

Jewett City Savings Bank is committed to the well-being of our employees. We offer a wide variety of benefits to support their physical health, financial health, and mental health.

• Time Off: Full time employees receive at least six weeks of time off to start (including holidays)
• Retirement Plan: Contribute to a 401k plan and receive up to a 10.5% employer contribution
• Health Insurance: Full time employees are eligible for medical, dental, and other insurance plans
• Other benefits include student loan repayment assistance, potential for an annual bonus, travel reimbursement, logo apparel, and an employee assistance program.

All qualified applicants will receive consideration without regard to disability status, protected veteran status, or any other characteristic protected by law.