Loan Processor - Real Estate at The First… · Columbia

LOAN PROCESSOR - REAL ESTATE Location: Columbia, IL, US Position: Loan Processor – Mortgage Loans    Department: Lending/Loan Processing Reports to: Loan Processing Manager    Job Posting: FLSA Status: Hourly Non-Exempt Full Time 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 bank’s lien/interest. ●    Resolve problems as encountered, utilizing supervisor when needed or required. ●    Other duties as assigned. Education/Experience: ●    Associates degree preferred but not required ●    2-3 years of banking experience required; familiarity with Fiserv a plus ●    Minimum of 1 year experience in mortgage loan processing ●    Excellent attention to details ●    Excellent oral and written communication skills required ●    Excellent data processing and proofreading skills ●    Ability to work under pressure to achieve deadlines Physical Demands/Work Environment: Individuals must be able to move about, stand and have manual dexterity. The work environment is generally well-lighted HVAC-controlled office. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. It is the responsibility of every Bank employee to maintain an effective BSA/AML/OFAC internal control structure, including suspicious activity monitoring and reporting. Every employee that comes in contact with a reportable transaction and/or suspicious activity should obtain the proper documentation and file the appropriate report in a timely manner. Nothing in this description restricts the Bank’s rights to assign or reassign duties and responsibilities to this job at any time. The First National Bank of Waterloo does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor. Direct Reports: None