Residential Loan Processor II

Saco-; Saco (ME); On-site; USD 52,000 - 76,000; Full time

Job summary

Saco- is seeking a detail-oriented Loan Processing Specialist to support residential loan origination and management. You will manage a pipeline, verify documentation, and coordinate with loan officers, title attorneys, and investors to ensure timely closings.

The role requires 2+ years in loan processing, strong regulatory knowledge, and excellent communication. Proficiency with Microsoft Office and adaptability to priority shifts are essential.

Qualifications

• High school graduate or equivalent.
• Minimum two years of experience in loan processing; 3–5 years preferred.
• Strong knowledge of loan compliance, regulatory issues and documentation.
• Solid understanding of the loan application and loan closing process.
• Ability to deliver quality work during times of increased volumes.
• Ability to interpret title packages and recognize defects/inaccuracies.
• Strong written and verbal communication, organizational and interpersonal skills.
• Commitment to ongoing learning.
• Excellent customer service skills.
• Ability to adapt to changes in priorities quickly.
• Ability to work harmoniously with others; strong teamwork.
• Proficiency with Microsoft Office; comfortable learning new software.
• Strong attention to detail with good organizational skills.
• Ability to work independently and as a team player.
• Ability to read/see documents and use computer/Zoom/Teams.
• Dependable with punctuality and attendance.

Responsibilities

• Provide professional, courteous service to customers while facilitating the loan process.
• Research secondary market guidelines and resolve standard file requirements.
• Input and update loan data in origination systems and investor sites.
• Collaborate with officers, customers, and attorneys to resolve mortgage issues.
• Assemble and verify residential loan documentation.
• Assist officers with sending loans to investors for decisioning.
• Navigate loan origination software to support customers and staff.
• Ensure documents have proper signatures, dates, and data.
• Order and review title packages, appraisals, inspections, and verifications.
• Ensure regulatory disclosure compliance (HMDA, RESPA, Reg Z, B, Flood).
• Prepare loan document packages (commitment letters, disclosures, notices).
• Maintain communication with customers to satisfy approval conditions.
• Ensure timely closings by proactive pipeline management.
• Analyze income sources for file completeness and request docs.
• Attend staff meetings and perform special assignments as needed.
• Communicate with real estate agents, attorneys, and others to facilitate closings.
• Perform general filing, typing and extensive PC use.

Skills

Customer service

Attention to detail

Written and verbal communication

Organizational skills

Teamwork

Adaptability

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

Description

This position is responsible for providing efficient, timely support to lenders in the origination of residential loans and facilitating loan management processes. Works self-sufficiently to manage a pipeline, adapts easily to daily priority changes, and utilizes independent judgment to resolve standard file issues.

Requirements

Essential Functions

1. Provides professional, courteous, and efficient service to all internal and external customers while facilitating the loan process.

2. Demonstrates working knowledge of secondary market guidelines, effectively researching Fannie Mae and Freddie Mac tools to resolve standard file requirements.

3. Provides administrative assistance to the residential loan officers to include inputting and updating loan data in our loan origination system and in secondary market investor’s websites.

4. Confers with residential loan officers, customers, title attorneys, and surveyors to aid in resolving mortgage issues.

5. Assembles and verifies accuracy of residential loan documentation.

6. Provides assistance to residential loan officers in preparing and sending secondary market loans to investors for loan decisioning.

7. Efficiently navigate the loan origination software system and provide support to internal and external customers.

8. Assists in ensuring that documentation in the residential loan files being processed contains proper signatures, dates and other relevant data.

9. Orders and reviews title packages, mortgage inspection plans, appraisals, and verifications.

10. Assures regulatory disclosure compliance during the loan process including HMDA, RESPA, Regulation Z, Regulation B, Flood and any other applicable regulations.

11. Prepares all loan document packages, including but not limited to commitment letters, counter-offer letters, Regulation Z disclosures, and 30-day letters.

12. Maintains ongoing communication with customers/clients during and after the loan origination process to include requesting documentation from customers to satisfy outstanding approval conditions.

13. Proficient in the loan origination process resulting in quick turnaround times/timely closings.

14. Proactively manages pipeline.

15. Analyze and calculate income sources for file completeness, and requesting missing documentation.

16. Attends staff meetings.

17. Performs other miscellaneous duties or special assignments as required or assigned.

Other Duties and Responsibilities:

1. Communicates with real estate agents, attorneys, insurance agents, internal loan closers and all other parties involved to facilitate the loan origination and loan closing process.
2. Performs general filing, typing and extensive use of PC.

Position Qualifications and Education Requirements:

• High school graduate or equivalent.
• Minimum two years of experience in loan processing or similar background. 3 – 5 years preferred.
• Elevated knowledge of loan compliance, regulatory issues, and documentation.
• Solid understanding of the loan application and loan closing process.
• Proven ability to deliver quality work during times of increased volumes.
• Ability to interpret title packages and recognize title defects/inaccuracies.
• Strong written and verbal communication, organizational, interpersonal skills particularly in working with documentation that requires special or confidential handling.
• Commitment to ongoing learning.
• Excellent customer service skills.
• Ability to adapt to changes in priorities quickly.
• Able to work harmoniously, professionally, cordially and effectively with others, focusing on the attainment of bank goals and objectives through a commitment to teamwork.
• Proficiency with Microsoft Office products; comfortable learning new software as required.
• Strong attention to detail with good organizational skills.
• Ability to work independently and as a team player.
• Ability to, with or without accommodations, read/see documents and computer screens, communicate in person via telephone or Zoom/Teams calls, and use a computer and other office equipment.
• Is dependable and conforms to punctuality and attendance standards.

Working Conditions:

• Physical surroundings are generally pleasant and comfortable with protection from weather conditions but not necessarily from temperature changes.
• Normally seated with freedom of movement on a regular basis.
• Extensive operation of computers and other office equipment requiring dexterity and coordination and frequent use of hands.

Those holding this position must be capable of performing all duties and responsibilities, either unaided or with the assistance of a reasonable accommodation, as determined by management.

The Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the bank reserves the right to change this job description and/or assign tasks for the employee to perform, as the Bank may deem appropriate.