Mortgage Loan Processor

COMMUNITY STATE BANK; Union Grove (WI); Hybrid; USD 42,000 - 64,000; Full time

Job summary

Community State Bank is hiring a Mortgage Loan Processor to handle the daily processing of residential loan applications and manage a loan pipeline to meet closing deadlines.

The ideal candidate has a high school diploma, 1 year of loan operations or 2 years banking experience, and strong attention to detail, dependability and clear communication. Knowledge of MortgageBot software and MS Office is preferred, with potential work-from-home opportunities.

Qualifications

• Education: High School Diploma.
• Experience: 1 year loan operations or 2 years banking experience.
• Loan documentation knowledge recommended.
• Proficiency with Adobe Acrobat, Word, Excel and Outlook preferred.
• Knowledge of MortgageBot Software preferred.

Responsibilities

• Process residential loan applications and manage a pipeline to meet closing deadlines.
• Review loan files for completeness and to meet establishment standards.
• Proactive communication of loan status to borrower and Loan Originator.
• Submit loans to underwriting for conditional review and full approval.
• Order necessary documents and follow up with vendors/third parties to obtain in a timely manner.
• Ensure data integrity and proper inputs; TRID understanding.

Skills

Detail oriented

Dependable

Organized

Multi-tasking

Education

High School Diploma

Tools

Adobe Acrobat

Microsoft Word

Excel

Outlook

MortgageBot Software

Job description

Are you passionate about serving your community and helping your neighbors? Are you talented, creative or hard-working? All of the above? Do you want to work in a fun and rewarding environment? As a member of the CSB team, not only will you experience our supportive work culture, but you will also receive the opportunities, tools and encouragement critical for professional growth.

At Community State Bank, we are more than just a bank, we focus onbuilding strong successful partnerships based on respect and trust. Our goal is providingopportunity to our customers, employees, and the communities we serve. We are currently hiring for Mortgage Loan Processor

The Mortgage Loan Processor is responsible for the daily processing of residential loan applications and managing a pipeline to meet closing deadlines.

Essential Duties and Responsibilities: The following duties are normal for this position. These are not to be construed as exclusive or all-inclusive. Other duties may be required and assigned.

• Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
• Guarantee on time closing by completing all required pre-closing steps; preparing file for closer within required performance standards.
• Proactive communication of loan status to the borrower and the Loan Originator
• Submit loans to underwriting for conditional review and full approval upon receipt of appraisal, once all DU conditions have been met and validated.
• Ensure integrity of all data and process inputs. Order necessary documents and follow-up with vendors/third parties to obtain in timely manner.
• Reviews all documents retrieved against those requested, analyzes for accuracy and/or errors.
• Provides recommendations when loan does not meet standards.
• Informs supervisor of discrepancies in title or survey.
• Adequate Level of TILA-RESPA Integrated Disclosures (TRID) understanding
• Confirms mortgage loan application information by mailing verification forms; contacting verification sources.
• Validate loans in automated underwriting systems including DU or LP and submit to Underwriting in required time frames.
• Submits mortgage loan application file for underwriting approval.
• Promote CSB as a relationship bank with community focus by being involved in Community projects/activities
• Believes in and supports our Mission, Vision and Values

Qualification Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and ability required.

Education: High School Diploma

Experience: Ideal candidate will have 1 year loan operations or 2 years of banking experience

Loan documentation knowledge preferred.

Basic knowledge of Adobe Acrobat, Microsoft Word, Excel and Outlook.

Knowledge of MortgageBot Software preferred.

Skills: Detail oriented, dependable, organized and the ability to multi-task

Human Relations: Excellent written and verbal communication skills required. This position will have contact with both internal and external customers.

Responsibility and Decision-Making: Responsible for meeting deadlines as set forth by lender.

Supervision of Others: N/A

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include: close vision, distance vision and ability to adjust focus. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear.

Work Environment: Normal conditions associated with a general office environment. Potential work from home opportunity.