Real Estate Loan Processor/Closer I

Duties/Responsibilities

• Effectively prioritize tasks in order to handle multiple transactions concurrently.
• Compile, analyze, and maintain organized files and reports.
• Check mortgage loan applications for missing information and potential errors.
• Prepare and send loan application packets to members.
• Order and review appraisals, income verification, title commitments and other documents for missing information and potential errors.
• Request additional information for the underwriter and loan officer as needed.
• Monitor the underwriting process and providing updates to loan officers and members.
• Enter accurate information into the mortgage loan origination software (LOS).
• Ensure all deadlines for submissions, underwriting decisions, and closing are met.
• Review pertinent financial and credit data used to structure a loan request that meets the member's needs.
• Prepare loan packages for review, including analysis of appraisal and title commitments.
• Process and prepare closing disclosures on all real estate loan applications.
• Gather and collect data necessary for loan documentation, approval, and closing.
• Respond to any borrower inquiry regarding the Closing Disclosure.
• Review closing documents to ensure they were executed correctly prior to funding.
• Input HMDA reporting information into the LOS system prior to funding.
• Fund mortgage loans by performing the applicable wire transfer transactions, general ledger deposits, and similar for all mortgage loans.
• Send mortgages to appropriate county for recording immediately after funding; work with title companies to ensure the mortgage is recorded in a timely manner.
• Purge loan files by destroying out of date or unnecessary loan documents.
• Prepare release of mortgages as needed.
• Process and file all loan declines.

Required Skills/Abilities

• Excellent verbal and written communication skills.
• Strong math skills such as addition, subtraction, multiplication, division and percentages.
• Knowledgeable of office machines, computers, and Microsoft Office suite.
• Demonstrate patience, tact, enthusiasm and positive attitude toward all members, peers and general public.

Education/Experience

• Education or experience equivalent to a High School diploma or G.E.D certificate.
• Some experience working in an office or administrative environment.
• Experience with lending or financial services a plus but not required.

General Requirements

• Must be capable to execute all terms and conditions set forth in the Employee Handbook.
• Works in a safety conscious manner which ensures that safe work practices are used in order not to pose a risk to self or others in the workplace.
• Adheres to policy on Drug Free Workplace.
• Complies with company policies and procedures and local, state and federal regulations.