Mortgage Loan Processor

First State Bank Of St. Charles; Chesterfield (MO); On-site; USD 52,000 - 62,000; Full time

Job summary

First State Bank in Chesterfield is seeking an experienced Mortgage Loan Processor to work onsite at the Chesterfield Mortgage office. This role requires attention to detail and the ability to manage multiple steps in mortgage file setup, from application through closing, with a 40-hour work week.

You will order appraisals and title work, upload documents to the loan origination system, maintain data integrity, and ensure compliance with Truth-In-Lending, RESPA, HMDA, and related regulations.

Qualifications

• High school diploma or GED required.
• Knowledge of mortgage lending disclosures and the Encompass System is required.
• Two to three years related experience and/or training required. Four to five years related experience and/or training preferred.
• Must have experience with automated underwriting systems (DU/LP/GUS).

Responsibilities

• Set up mortgage loan application files accurately and completely.
• Order appraisals, title work, and other vendor services.
• Upload documentation to the loan origination system and maintain data integrity.
• Ensure processing complies with TILA, Reg Z, Reg B, HMDA and RESPA regulations.
• Maintain open communications with lenders, borrowers, realtors and title companies.

Skills

Attention to detail

Communication skills

Independent work

Time management

Education

High School Diploma or GED

Tools

Encompass System

DU/LP/GUS

Loan Origination System

Job description

First State Bank is seeking a Mortgage Loan Processor onsite at our Chesterfield Mortgage office. If you have at least 2 years processing experience, then you may be a great fit!

40 hours per week.

Full Time benefits will apply, including; medical, dental and vision insurance, paid time off, 401k, ESOP and more!

Duties and Responsibilities:

The Mortgage Loan Processor is responsible for the accurate and complete set up of mortgage loan application files. This includes ordering vendor services including appraisals and title work, uploading documentation to the appropriate E folders and updating the mortgage loan origination system. Also responsible for all of the processing functions of residential mortgage lending. Loan types include conventional, government and home equity lines of credit.

The Mortgage Loan Processor will perform all duties required by following policies and procedures set forth by First State Bank, including, but not limited to:

• Review documentation for completeness and accuracy, ensuring compliance with all Regulatory Guidelines to include Truth-In-Lending, Regulation Z, Regulation B, HMDA and Real Estate Settlement Procedures Act (RESPA).
• Review loan origination system for data integrity, and all credit and appraisal documents to ensure investor agency guidelines are met.
• Maintain an open line of communication with residential mortgage lenders, borrowers, realtors, title companies and all other parties involved in the transaction.
• Revise the file for all documents needed (W-2s for the previous two years, paystubs for 30 days, two month’s bank statements etc.) and enters data into the loan origination system for file receipt date.
• Order appraisals through the appraisal desk once application money has been received, title work, transcripts, homeowner’s insurance, flood certification, drive report and FHA Case Number or VA Case Assignment if applicable.
• Run AUS (if not already done by the Residential Mortgage Lender) and LDP/GSA.
• Attend pipeline meetings with the Residential Mortgage Lender when necessary and updates them with the status of the loans.
• Prepare all applicable processing documents as necessary for loan program.
• Complete all required compliance training and complies with the Bank Secrecy Act and Anti-Money Laundering Act as well as all regulations which apply within the scope of the position.

Qualifications:

• High school diploma or general education degree (GED) required.
• Knowledge of mortgage lending disclosures and the Encompass System is required.
• Two to three years related experience and/or training required. Four to five years related experience and/or training preferred.
• Basic knowledge of loan processing procedures and loan documentation for real estate, and underwriting guidelines for conventional and government loans.
• Must have previous experience with automated underwriting systems (DU/LP/GUS).
• Must be able to work independently and make decisions as needed with the established authority of the position.
• Must be able to work at a reasonable fast pace and meet production goals on a consistent basis.
• Must be able to handle multiple projects while meeting various time schedules and deadlines.
• Must be able to effectively communicate verbally and in written form with customers, service providers, officers and others involved in the lending process.

As a condition of employment, all new hires will be required to complete a background check and drug testing.

First State Bank is an Equal Opportunity Employer, including protected veterans and individuals with disabilities.