Real Estate Loan Processor

Deerwood Bank; Deerwood (MN); On-site; USD 34,000 - 41,000; Full time

Benefits offered by this job

Medical insurance

Health Savings Account

401(k) with company match

Paid holidays

PTO

Vision insurance

Life insurance

Job summary

Deerwood Bank is seeking a Real Estate Loan Processor to handle timely processing of mortgage files across several Minnesota branches. You will input borrower data, review disclosures, and collaborate with loan officers, underwriters, and funders to ensure accurate, compliant, and efficient loan processing.

The role requires 2+ years of mortgage experience in a high-volume environment, strong attention to detail, and excellent customer service skills.

Qualifications

• 2+ years of mortgage experience in a high-volume fast-paced environment.
• Provide excellent customer service and work in a team environment.
• Ability to prioritize and make on-the-spot decisions that impact the customer and loss/fraud exposure.
• In-depth knowledge of mortgage process.
• Proficient in using office software and data entry facilities.

Responsibilities

• Review and process loan documents per FNMA guidelines and TILA regulations.
• Input data into mortgage systems and verify borrower information for underwriting.
• Collaborate with underwriters and loan officers to facilitate smooth processing workflows.
• Monitor disclosures timing and rate locks to meet regulatory requirements.
• Ensure disclosures are compliant and accurate; maintain audit-ready records.
• Stay current on product guidelines, processes, and regulatory changes.
• Build positive relationships with customers and team members.
• Provide backup support within Mortgage Department as needed.

Skills

Mortgage process knowledge

Customer service

Attention to detail

Independent judgement

Organization

Oral and written communication

Teamwork

Tools

Mortgage systems

Microsoft Office / Office apps

Job description

Salary Range: $25.00 To $30.00 Hourly

Deerwood Bank is a growing, privately-owned, community bank with 14 locations in Minnesota. We are hiring a Real Estate Loan Processor to work in one of our following branches: Mendota Heights, Sartell, Waite Park, Deerwood, or St. Michael. This position is responsible for timely and independent processing of real estate loan files; precise data entry of customer information; and daily collaborations with Loan Officers, Loan Coordinators, Underwriters, Loan Funders and Servicing Team. This role demands extreme attention to detail with outstanding quality, excellent customer service, and adherence to all bank policies and procedures.

Functions, Duties and Responsibilities:

• Review and process loan documents, including FNMA (Fannie Mae) guidelines, contracts and disclosures to ensure accuracy and compliance with TILA regulations.
• Handle loan origination tasks such as inputting data into mortgage systems, verifying borrower information and preparing necessary documentation for underwriting.
• Collaborate with underwriters and loan officers to facilitate smooth processing workflows.
• Monitor the timing of the delivery of disclosures to ensure they are delivered within appropriate timeframes based on the method of delivery for all types of mortgage lending products based on the regulatory timing requirements and customer expectations.
• Ensure disclosures are compliant and accurate.
• Monitor rate lock and closing dates.
• Validate the compliance of change in circumstance scenarios and re-disclosures as well as review the calculated fees for each change in circumstance scenario.
• Ensure all transactions comply with federal regulations such as TILA and applicable banking standards while maintaining meticulous records for audit purposes.
• Adhere to HMDA regulations.
• Must stay current on all applicable product guidelines, processes, government regulations, and industry compliance best practices.
• Must build and maintain positive relationships with all customers, potential customers, co-workers, and investors.
• Willingly perform all other duties and projects as assigned as well as providing back up to other positions within the Mortgage Department.
• Strong organizational skills with attention to detail to ensure error-free transactions handling.
• Help clearing conditions quickly and pro-actively to move file forward to closing.

Regulatory Compliance Requirements:

• Incumbent will be responsible for meeting the requirements for all statutes/regulations pertaining to or governing their position. These include TRID, HMDA, ECOA, Fair Housing and Fair Lending, among others.

Knowledge, Skills and Abilities:

• 2+ years of mortgage experience in a high-volume fast-paced environment required.
• Provide excellent customer service and work in a team environment.
• Ability to prioritize and make ‘on-the-spot’ decisions that impact the customer, weighing customer satisfaction with exposure to loss or fraud.
• In-depth knowledge of mortgage process.
• Effectively operate all office equipment required to support this position. To include but not limited to personal computer, strong keyboarding skills, fax, scanner/copier, printer, phone system, all applications, spreadsheets, database, and presentation software necessary.
• Strong interpersonal skills, attention to detail and positive attitude.
• Excellent oral and written communication skills.
• Display independent judgement.
• Demonstrate excellent organization, prioritize workflow, adaptability, and flexibility.
• Ability to work in a fast-paced environment, be a quick thinker and learner while maintaining a high degree of accuracy.

Work Schedule : Monday - Friday 8:00am - 5:00pm, with some flexibility on start or stop times.

Hiring Pay Rate: $25.00 - $30.00 per hour, depending on qualifications.

Benefits are available to employees working 30 or more hours per week on the first of the month following date of hire.

• Medical insurance, including virtual telemedicine and mental health counseling
• Health Savings Account
• Flexible Spending Account (health, limited purpose health, and dependent care)
• Vision insurance
• Life insurance (basic and voluntary)
• Short-term disability insurance
• Long-term disability insurance
• Adoption Assistance Program
• Employee Assistance Program
• PTO
• Paid holidays
• 401(k) with company match (eligible on the first of the month following 2 months of employment)
• Financial wellness education
• Free or reduced fees for banking products and services