Position Summary:

The Loan Processor/Funder is responsible for assisting Mortgage Loan Officers and Bankers with gathering and review of any required loan documentation to ensure complete and accurate files, coordination of loan closings in a timely manner, ensuring all documents are signed/executed properly, booking of new loans onto the core system and disbursing of loan funds. Loan Processor/Funders are responsible for ensuring all loan documentation is compliant with company policies and procedures and any applicable state/federal regulations.

Duties and Responsibilities

Review loan applications/URLA for accuracy & completeness

Review MLO and Banker notes for any special instruction or requirements

Prepare and review initial loan disclosures for accuracy & completeness

Review all electronic file documentation for accuracy & completeness

Disclose all new applications received within the required 3 days

Ensure all documentation is stored/named in our electronic file using approved naming conventions

Lock loans with investor (when applicable) and within the LOS

Complete any required tasks & functions within the LOS

Request/obtain any required 3rd party verifications (VOE, VOM, VOL)

Order flood determinations, appraisals and title commitment or letter reports, as needed/requested

Communicate with the MLO, Banker or assigned Processor II (as needed)

Order payoff quotes (internal & external)

Review signed closing package to ensure accuracy & completeness

Verify any at close conditions have addressed as needed

Complete Funder Write Up & Booking sheets

Book and fund loan on the core system

Submit funding disbursement requests to loan servicing

Complete all training as required or requested: BAI, KnowB4, and external (FHLB, MGIC, etc.)

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 and the Processing Dept.

Qualifications

Education/Experience:

Minimum two-year degree in business related field or two years of bank loan processing or title experience preferred. Previous financial institution customer service experience preferred.

Skills and Abilities:

Adaptability:

Able to adjust quickly to different work situations; remain composed under pressure and in stressful situations.

Attention to Detail:

Regard for important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details.

Change Management:

Must embrace change and see change as opportunity. Must be willing to express and support management's ideas to affected staff.

Customer Orientation:

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.

Oral/Written Communication:

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.

Professionalism:

Project a positive image of the bank to all internal and external customers.

Time Management:

Ability 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.

Team Player:

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.

Working Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Travel:

A valid driver’s license required for travel to Bank offices, training sessions, customer meetings, Bank, and community meetings, etc.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees may be required to follow other job-related instructions and to perform other job-related duties as requested, subject to all applicable state and federal laws. Certain job functions described herein may be subjected to possible modification in accordance with applicable state and federal laws. There are different experiences that suggest other ways or circumstances where reasonable changes or accommodations are appropriate. All activities, demands, conditions, and requirements are linked to duties and responsibilities.

Job Description subject to change at any time at the discretion of management.