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Jobs · Finance · Wisconsin

Mortgage Loan Processor

Prevail Bank · Medford, WI · 1 mo ago
On-siteFinanceFull-time

Mortgage Loan Processor II

Prevail Bank is seeking a Mortgage Loan Processor II to assist Mortgage Loan Officers with various loan-related tasks. Duties include reviewing lender notes, preparing loan disclosures, verifying documentation, coordinating loan closings, and ensuring compliance with policies and regulations.

Duties and Responsibilities

  • Review lender notes for any special instructions or requirements
  • Complete a Pre-UW scrub of the loan file to ensure accuracy and completeness of the URLA and all loan file documentation
  • Prepare & review initial loan disclosures for accuracy & completeness
  • Disclose all new applications received within the required 3 days
  • Verify & document borrower e-consent when received
  • Verify ITP was received and documented as needed in the LOS
  • Verify Patriot Act information is obtained & documented in every file
  • Review all electronic file documentation for accuracy & completeness
  • Ensure all documentation is stored/named in our electronic file using approved naming conventions
  • Prepare & send revised disclosures when necessary for CIC
  • Submit files for initial & final UW review
  • Send approval/commitment letter(s), denials or adverse action notices to borrower
  • Lock loans with investor (when applicable) and within the LOS
  • Send locked LE & Lock-in Agreement to borrower
  • Complete all required tasks & functions within the LOS
  • Request/obtain any required 3rd party verifications (VOE, VOM, VOL) & update LOS Processing screen as needed
  • Order flood determinations, appraisals, tax transcripts, title commitment/letter reports or any other 3rd party services & update LOS Processing screen as needed
  • Provide copy of appraisal/valuation to the borrower & send invoice to AP for payment
  • Review & obtain all underwriting approval conditions needed for final approval
  • Obtain & review hazard and/or flood insurance policies to ensure they meet policy/guidelines
  • Review title commitment/letter report and resolve any issues or outstanding liens
  • Ensure all timing and delivery requirements have been met (Reg B decision, appraisal delivery, etc.)
  • Communicate with MLO and applicants (as needed)
  • Order payoffs quotes (internal & external)
  • Collaborate with title company and/or MLO to coordinate closings
  • Prepare and provide preliminary CD to borrower within required timeframe
  • Prepare disbursement worksheet to match prelim CD
  • Prepare the final closing package and review all documents for accuracy and compliance
  • Verify all at close conditions have been addressed as needed
  • Process Plaza/TPO loans and coordinate closing/funding as applicable
  • Comply with all bank policies & procedures as well as all applicable federal and state banking regulatory agency policies
  • Comply with bank standards for attendance and hours of work
  • Perform any other duties as required to fulfill the responsibilities of the position

Skills and Abilities

  • Able to adjust quickly to different work situations; remain composed under pressure and in stressful situations.
  • Regard for important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details.
  • Must embrace change and see change as opportunity. Must be willing to express and support management's ideas to affected staff.
  • Respond sensitively to the needs and priorities of both internal & external customers; recognize and take appropriate action to meet their needs; establish an effective working relationship with all customers to gain their respect and loyalty.
  • The ability to express thoughts and ideas in a clear and concise manner, both orally and in written form to a variety of audiences and to all levels of staff.
  • Project a positive image of the bank to all internal and external customers.
  • Able to effectively manage one’s time to complete work according to established deadlines. The ability to prioritize tasks to make the best use of time for high priority tasks.
  • Must view oneself as part of an overall team. This includes supporting others throughout the entire bank to achieve the overall goals of the bank.

Benefits

  • 401(k) matching
  • Paid time off

Pay

Compensation is commensurate with experience.

Schedule

Hours are flexible and may vary based on business needs.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Prevail Bank is committed to fostering a diverse and inclusive workplace environment. We welcome applications from candidates who bring a range of perspectives and experiences to our organization.

Prevail Bank is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other characteristic protected by law.

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