Mortgage Loan Processor (Remote!) - Professional Development Opportunities

North Shore Trust- Mortgage Loan Processor

Job Function:

Serve as a liaison between the Applicant, Mortgage Loan Officer and the Bank. Responsible for processing mortgage loan applications received from Loan Officers and coordinating services with third-party contractors to complete the mortgage loan. Preparing initial mortgage loan disclosure and preparing mortgage loan closing documentation in compliance with regulations.

Essential Duties:

• Gather background information on loan applications, researching any discrepancies.

• Order appraisals, title work, flood certifications, credit reports and other items as necessary to process a mortgage loan together with monitoring timely receipt.

• Prepare initial mortgage loan disclosure documents within regulatory timeline.

• Initial review of HMDA entries for accuracy and completeness.

• Accurately update mortgage loan tracking records.

• Verify employment, assets and credit history of persons applying for loans.

• Review title work to ensure lien and ownership information is acceptable.

• Review appraisal and flood certificates to ensure value and location meet loan requirements.

• Send out credit notices to spouses when necessary.

• Stack, review and submit completed files to the underwriting department.

• Coordinate with Mortgage Loan Officers to gather and clear underwriting conditions.

• Audit physical and electronic files for completeness and compliance.

• Prepare loan closing documents.

• Balance mortgage loan closings and prepare loan closing documents within regulatory timeline.

• Purge loan files by destroying out-of-date or unnecessary loan documents.

• Ensure documents are maintained and stored in compliance with policies and regulations.

• Keeps abreast of changes in policies and procedures, standards, and regulations applicable to NSTS and the mortgage industry.

Qualifications:

Education:

• High school diploma or general education degree (GED) is required.

• College degree preferred.

• Certifications related to Lending and/or Loan Processing desirable.

• MUST be bilingual in Spanish.

• Experience

• 2 years processing mortgage loans.

• Experience working within the residential, commercial, or consumer loan process a plus.

• NMLS License

• Knowledge, Skills, and Abilities

• Strong attention to detail, with the ability to follow process and maintain a consistent standard of quality.

• Knowledge of lending products, policies, and procedures.

• Ability to work as a team player to accomplish departmental goals.

• Ability to perform independently with accurately under deadline pressures.

• Ability to effectively communicate with Loan Originators, Loan Underwriters, and customers.

• Ability to research and determine incomplete, inaccurate, or missing information.

Availability:

• Primary Availability – Monday thru Friday 8:30am – 5:00pm

• Secondary Availability – As needed to satisfy loan production deadline.