What are the responsibilities and job description for the Loan Administrative Specialist position at Neighborhood National Bank?
Company Overview
Neighborhood National Bank is a community-focused bank dedicated to meeting the financial needs of our local residents. We pride ourselves on delivering quality products and services, exceeding the expectations of our customers and shareholders through friendly staff and professional service.
Summary
Position Summary: The Loan Administrative Specialist plays a key role in the bank’s mortgage operations by ensuring that real estate loans are processed accurately and meet all requirements for sale into the secondary market. This role includes processing a variety of mortgage loan types, including conventional, VA, FHA, USDA and construction. The position involves managing prior-to-closing conditions, coordinating construction loan draws, and preparing files for timely investor delivery. The ideal candidate has a thorough understanding of loan products and compliance requirements and excels in managing complex workflows in a fast-paced lending environment.
Essential Functions and Responsibilities:
Loan Processing & Documentation:
- Process residential mortgage loan files from submission through delivery, with a focus on conforming loans intended for the secondary market.
- Ensure loans meet all federal, state, and investor guidelines, including TRID, HMDA, RESPA, and ECOA regulations.
- Upload and deliver loan documentation and data through investor portals.
- Review and clear prior-to-closing conditions, ensuring all necessary documentation is collected, verified, and completed before closing.
- Resolve exceptions and post-purchase conditions with investors in a timely manner.
- Monitor loan locks, delivery deadlines, and pipeline status to ensure compliance with investor pricing and delivery standards.
Construction Loan Processing:
- Open and fund construction loans in the bank’s core and construction management systems.
- Review and process draw requests, lien waivers, inspections, and title updates.
- Coordinate with builders, borrowers, inspectors, and loan officers to ensure smooth construction progress.
- Monitor loan budgets, construction timelines, and covenant compliance.
- Perform loan modifications, extensions, and conversions to permanent financing.
General Duties:
- Maintain detailed and organized loan files in accordance with company policies and audit standards.
- Communicate professionally with internal teams, title companies, borrowers, and external vendors.
- Support audits and examinations by providing documentation and responding to inquiries.
- Monitoring and managing the pipeline of loans for sale.
- Stay current on secondary market trends, investor guideline changes, and construction lending practices
- Perform other duties as assigned
If you're passionate about helping others achieve their financial dreams, we invite you to apply today to join our dedicated team at Neighborhood National Bank!
Job Type: Full-time
Pay: $19.50 - $25.00 per hour
Benefits:
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
Schedule:
- Monday to Friday
Experience:
- Loan processing: 3 years (Required)
- Mortgage Loan Processing: 3 years (Required)
Language:
- English (Required)
Ability to Commute:
- Mora, MN 55051 (Preferred)
Ability to Relocate:
- Mora, MN 55051: Relocate before starting work (Required)
Work Location: In person
Salary : $20 - $25
