Residential Loan Processor

First National Bank of America; East Lansing (MI); On-site; USD 42,000 - 64,000; Full time

Benefits offered by this job

Medical plans (HSA and traditional)

Dental plan

Vision plan

Discounted childcare

Pet insurance

Paid Time Off

401k with employer match

Sit-stand desks

Job summary

First National Bank of America is seeking a detail-oriented Residential Loan Processor to join the Operations Team. This role collaborates with the sales team, brokers, and third-party providers to prepare and evaluate residential loan applications for underwriting, ensuring they meet company standards.

The position requires meticulous attention to detail, timely completion of tasks, and a slightly faster pace to keep up with loan submissions.

Qualifications

• Excellent verbal and written communication to engage with brokers and internal teams effectively.
• Strong problem-solving abilities to address transactional challenges.
• Exceptional organizational and time management skills to manage multiple responsibilities efficiently.
• Competence in income calculation.

Responsibilities

• Accurately condition a new loan submission within 24 hours, including credit, income and assets.
• Provide regular updates to the broker partner.
• Review records to ensure accuracy.

Skills

Verbal and written communication

Problem-solving

Organizational skills

Income calculation

Job description

First National Bank of America is seeking an organized and detail orientedResidential Loan Processor to join the Operations Team. This role will work closely with our sales team, brokers, and other third party providers to obtain documentation. The Residential Loan Processor entails the thorough preparation and evaluation of residential loan applications to be submitted to underwriting, ensuring their conformity with company standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment. Excelling in this position requires an above-average level of attention to detail, a meticulous concern for work precision, and a strong commitment to completing tasks promptly while adhering to a slightly faster-than-average pace.

Responsibilities:

• Accurately condition a new loan submission within 24 hours, which includes but is not limited, credit, income and assets
• Provide regular updates to the broker partner
• Review records to ensure accuracy

Qualifications:

• Excellent verbal and written communication skills to engage with brokers and internal teams effectively
• Strong problem-solving abilities to address transactional challenges.
• Exceptional organizational and time management skills to manage multiple responsibilities efficiently
• Competence in income calculation

Employee benefits

• Medical – Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
• Dental – Premiums as low as $0.00
• Vision – Low premium Plan
• Discounted childcare
• Pet Insurance
• Paid Time Off (PTO)
• 401k with employer match
• Adjustable desks that can be raised or lowered to sit or stand

At First National Bank of America, we are looking for exceptional individuals with a "servant's heart" or a natural humility that recognizes the importance of prioritizing others' needs. We celebrate and acknowledge efforts that exceed expectations, whether it's delivering added value to customers or supporting colleagues. Just as interest compounds over time, the little things we do can make a substantial difference.

First National Bank of America recognizes that the quality of our people is the foundation for our success. Attracting exceptional individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.

Note: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties, and skills required for this job.

First National Bankof America is an Equal Opportunity Employer.

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