Residential Mortgage Loan Processor

Institution for Savings; Newburyport (MA); Presencial; USD 3 720 000 - 4 408 000; Tempo integral

Vantagens oferecidas por esta oferta de emprego

Medical, dental and vision insurance

401(k) match up to 10%

Pension plan after 2 years of service

Paid time off

Resumo da oferta

The Institution for Savings in Newburyport, MA is seeking a full-time, in-office Loan Processor to support the residential lending team. You will manage loan files from application through closing, evaluating credit, income, assets, and collateral while ensuring compliance with bank policies and regulatory requirements.

The ideal candidate is detail-oriented, highly organized, and able to work with loan originators and applicants to obtain missing information, prepare disclosures, review

Qualificações

• Bachelor’s degree or 1–2 years related experience or equivalent
• Knowledge of residential mortgage products, credit analysis and underwriting concepts; prior underwriting experience preferred
• Knowledge of Freddie Mac underwriting standards is a plus; ability to apply Bank policies in practice is required
• Familiar with loan origination systems and document management tools
• Excellent attention to detail, organizational, judgement, and communication skills; ability to work independently and collaboratively

Responsabilidades

• Manage residential loan files from application through closing, ensuring documentation is complete and timely
• Collaborate with loan originators and applicants to obtain missing information and resolve conditions
• Prepare and deliver disclosures for 1–4 family residential loans within regulatory timelines
• Order and review credit reports, appraisals, and other documentation; identify items needing further analysis
• Underwrite mortgage and home equity files evaluating credit, income, assets and repayment ability
• Apply underwriting policies; document credit analysis and communication with approvers or denial decisions
• Review appraisal, title, and insurance for acceptability and consistency with terms
• Ensure compliance with HMDA and other laws; maintain underwriting notes in LOS
• Coordinate with closing personnel to satisfy conditions and finalize files for closing

Conhecimentos

Mortgage products knowledge

Credit analysis

Underwriting concepts

Freddie Mac underwriting knowledge

Loan origination systems

Document management

Attention to detail

Organization

Communication

Independent and collaborative work

Formação académica

Bachelor’s degree or related experience

Ferramentas

Document management tools

Descrição da oferta de emprego

The Institution for Savings in Newburyport, MA is seeking a full-time, in-office Loan Processor to support the residential lending team. You will manage loan files from application through closing, evaluating credit, income, assets, and collateral while ensuring compliance with bank policies and regulatory requirements.

The ideal candidate is detail-oriented, highly organized, and able to work with loan originators and applicants to obtain missing information, prepare disclosures, review