Mortgage Loan Processor

Nicolet National Bank; Green Bay (WI); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Health insurance

401(k)

Paid holidays

Job summary

Nicolet National Bank is seeking a Mortgage Loan Processor to support loan applications and underwriting processes. You will gather and verify financial data, ensure compliance with disclosures, and prepare complete loan files for underwriting and closing.

You will work with retail bankers to resolve discrepancies, adhere to GSE guidelines, and deliver accurate files on time while maintaining TRID compliance and strong customer service.

Qualifications

• High School Diploma or GED/Associate Degree in administration or Finance-Related field.
• 1-3 years mortgage processing/ 3+ years mortgage processing or underwriting experience.
• Working knowledge of mortgage loan products and services.
• Strong organizational, multi-tasking and prioritizing skills.
• Self-motivated and resourceful with strong research skills.

Responsibilities

• Screen customer loan applications to determine loan eligibility by compiling personal financial data daily and log initial loan documents.
• Review for compliance, discrepancies, and omitted data and follow up for resolution by verifying with the application to meet Nicolet Bank and Investor guidelines and ensure timely disclosures.
• Prepare loan file for underwriting/closing, including appraisal, inspections, verifications, AUS findings, flood, etc., and ensure proper documentation.
• Adhere to GSE guidelines (FNMA/FHLMC) and investor guideline overlays; monitor investor/GSE notifications and attend webinars as needed.
• Produce timely, accurate early disclosures and send to borrower to meet TRID guidelines.
• Coordinate delivery of loan file to underwriting/closing specialist to meet customer expectations and rate lock expirations.
• Communicate with retail bankers for additional data to support file submission and meet deadlines.
• Obtain pre-closing verifications and updated insurance and payoff information as needed to obtain clear to close.
• Assist closing/post-closing activities to clear pendings and support profitability of the loan file.
• Uphold compliance with applicable laws and policies and support equal employment opportunity and inclusion.

Skills

Mortgage processing

Organizational skills

Multi-tasking

Prioritizing skills

Research skills

Knowledge of mortgage products

Education

High School Diploma or GED/Associate Degree in administration or Finance-Related field

Job description

At Nicolet National Bank, our culture is based on the principles of community banking, putting the needs of our customers at the forefront of our decision-making. Our Core Values drive everything we do, and we are committed to serving our customers with excellence. We believe that every job in our organization is critical to our success, and we are dedicated to creating a work environment where our employes feel valued, respected, and supported. With locations in Wisconsin, Michigan, Minnesota, and Florida we are proud to service our local communities and make a positive impact on the lives of our customers. At Nicolet National Bank, we believe that our people are our most valuable asset, and we are committed to investing in their growth and development.

As a Mortgage Loan Processor, you will:

• Assists retail bankers in screening customer loan applications to determine loan eligibility by compiling personal financial data daily. Log in required initial loan documents and review for compliance, discrepancies, and omitted data and follow up for resolution by verifying with the application to meet Nicolet Bank and Investor guidelines. This includes adhering to producing all compliance related disclosures in a timely manner.
• Ensures quality assets by obtaining and auditing all required information and documents from retail bankers and other sources to prepare the loan file for underwriting/closing, e.g. appraisal, inspections, verifications, AUS findings, flood, etc. Ensure sound assets via the utilization of Fannie Mae and Freddie Mac Automated Underwriting System (AUS). Possess the
• skills to correctly interpret the findings and conditions for proper loan documentation to satisfy the loan.
• Ensures quality asset and sound loan file by adhering to all GSE guidelines (FNMA/FHLMC) and investor guideline overlays. Responsible for maintaining up to date adherence to all guidelines via investor/GSE notifications from underwriting, attend webinars by investor or MI Companies.
• Produces timely and accurate early disclosures and sending to the borrower to ensure TRID guidelines are met.
• Maintains coordinated organization for timely delivery of accurate loan file to underwriting/closing specialist to meet customer expectations and investor rate lock delivery expirations.
• Clear, concise communication with the retail bankers for additional supporting data for file submission in a timely manner to meet customer expectations and investor rate lock deadlines.
• Ensures quality assets by obtaining prior to closing verbal phone verifications, third-party verifications on self-employed, updated homeowner's/flood insurance, payoffs, subordinations, etc. needed to have a clear to close loan.
• Assists closing/post-closing specialist with timely clearing of pended file documentation to ensure profitability of loan file.
• Uphold Nicolet's philosophy and policies by maintaining appropriate controls to ensure full compliance with applicable laws and regulations, thereby fulfilling legal responsibilities and enhancing the quality of services provided by Nicolet.
• Understand and communicate the value of diversity within the workplace and to work successfully with others without regard to age, gender, race, sexual orientation, ethnicity, culture, religion, disability status, socioeconomic status or other non-job-related classification, including a commitment to Nicolet's policies on equal employment opportunities and non-discrimination with a willingness to pursue efforts of inclusion and respect toward different perspectives.
• Performs all other duties as assigned.

Qualifications

• High School Diploma or GED/ Associate Degree in administration or Finance-Related field of study.
• 1-3 years mortgage processing/ 3+ years mortgage processing or underwriting experience.
• Working knowledge of mortgage loan products and services.
• Strong organizational, multi-tasking and prioritizing skills.
• Self-motivated and resourceful with strong research skills.

Benefits

• Medical, Dental, Vision, & Life Insurance
• 401(k) with a company match
• PT0 & 11 1/2 Paid Holidays

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities and skills required for the position.

Equal Opportunity Employer/Veterans/Disabled