Loan Processor Retail Real Estate

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https://illinoisjoblink.illinois.gov/jobs/13498508

• Summary:*** Responsible for ensuring loans are processed in
  
  

accordance with Federal Regulations and Bank policies. Ensures loan

files are established and maintained with complete and accurate

information for the purpose of processing payments and collecting fees

owed to the Bank. Assists with routine customer inquiries regarding

payoffs, change of ownership, note modifications, beneficiaries and

other loan details.

Primary Accountabilities

• Ensure completion of all loan processing tasks for mortgage loans
  
  

FNMA & in-house

• Inputs information from loan applications and loan input sheets into
  
  

processing system for issuing disclosures and processing documents.

• Requests necessary information to assist lenders in making credit
  
  

decisions on loans, including verifications, credit reports,

appraisals, etc.

• Updates file as requested information is received.
• Prepares file for underwriting submission on FNMA loan applications.
• Interacts with Loan Officers, customers and vendors to obtain all
  
  

information necessary for processing and closing loans.

• Coordinates with Loan Officers and customers for issuing closing
  
  

documents. Communicates closing conditions to lenders and title

companies.

• Prepares all necessary documents, funding entries, instruments, etc.
  
  

for loan closing.

• Documents file appropriately to facilitate completion of final
  
  

documents and loan servicing.

• Performs a post-closing compliance review to ensure all documents
  
  

are returned and executed correctly for the banks lien/interest.

• Resolve problems as encountered, utilizing supervisor when needed or
  
  

required.

Other duties as assigned