What are the responsibilities and job description for the Real Estate and Consumer Loan Processor position at Exchange Bank?
- Prioritize daily workflow pertaining to loan fundings, rate locks, new loans, etc.
- Ability to multi-task is crucial for this position.
- Assemble new residential mortgage and consumer (including HELOC’s) loan files upon receipt of preliminary application information.
- Input data and send welcome letters with all necessary regulatory disclosures to customer detailing additional due-diligence materials required by the Bank or Lender for submission.
- Order and review all documentation, including credit reports, appraisals, preliminary title reports, and income documentation for accuracy and current date prior to submitting to underwriting.
- Communicate with borrowers, loan agents and branch bank personnel regarding conditions and loan status.
- Prepare revised LE/CD Disclosures when applicable for compliance purposes.
- Upload and submit loans through the Lender’s various paperless systems.
- Obtain and review all “prior to doc” and “prior to close” conditions stipulated by the lender.
- Order loan documentation for approved loans through Loan Service Center Doc Team for portfolio loans or the Lenders for brokered out loans.
- Request funds on brokered out loans.
- Complete all required HMDA reporting information.
- Prepare and organize loan packages for submission to underwriters and provide administrative support to loan officers and underwriters as needed.
- Process Broker fee checks.
- Complete Notice of Action Taken form for declined, withdrawn or cancelled loan applications.
- Knowledge of Encompass and Abrigo software applications, Fannie Mae Desktop Originator, Freddie Mac Desktop Underwriter, and other Web-based artificial intelligence approval applications.
- Working knowledge of the various loan programs and guidelines for loans offered by the Bank and its wholesale lending sources.
- Working knowledge of residential mortgage and construction lending loan processing principles and practices.
- Skills operating a personal computer including word processing, spreadsheet and presentation software.
- Basic mathematical calculation skills.
High School Diploma or GED AND Two (2) years' experience in loan processing.
Physical Requirements
Office Worker: Ability to stand, bend, stoop, sit, walk, twist and turn. Ability to lift up to 15 pounds occasionally. Indoor office work environment with a majority of time sitting at a desk.
Compensation
The hiring range for this position is to $24.00 to $31.00 per hour. The compensation offered will fall within this range, commensurate with the candidate's applicable experience, education and skills.
Salary : $24 - $31