Residential Lending Processor

Banterra Bank is seeking a Residential Lending Processor responsible for processing mortgage loan applications to closing. The role involves ensuring the accuracy and completeness of loan documentation while being well-versed in mortgage lending regulations and guidelines.

Responsibilities

• Review initial loan applications submitted by loan officers. Verify application data is complete and meets established mortgage rules and guidelines for type of loan for which borrowers have applied
• Review documentation such as credit report, pay stubs, tax returns, W-2s, bank statements, and any other documentation associated with loan file
• Maintain regular contact with loan officers, borrowers, area realtors, insurance agents, title companies (and other parties as needed) to provide loan status updates, obtain additional information, and/or help resolve any issues that may arise
• Request property appraisal, title commitment, flood certification, homeowner’s insurance and other required documentation. Once reputed company required documentation is received, complete review and submit file for final approval
• Maintain familiarity with various laws, regulations, and general & soundness guidelines. Stay well-informed of requirements of federal, state, reputed company regulations as well as FHA, VA, USDA, and reputed company other investor loan guidelines
• Participate in reputed company mortgage compliance training including, but not limited to: Dodd-Frank Act, ATR/QM Rules, Truth in Lending Act, Real Estate Settlement Procedures Act (RESPA), Home Mortgage Disclosure Act (HMDA-Regulation C), Equal Credit Opportunity Act (ECOA-Regulation B), Fair Housing Act, Fair Credit Reporting Act, etc
• reputed company and maintain an overall understanding of reputed company functions performed with mortgage loan origination, booking, delivery, and servicing
• Provide assistance to lending staff as needed
• Assist in ensuring loan software and programs are performing at reputed company level. Report and correct any issues that arise. Identify and attend training as necessary for reputed company knowledge
• Monitor mortgage loan pipeline to ensure files stay compliant with timing requirements including meeting closing dates. Report any issues on approaching deadlines to applicable parties

Skills

• High school diploma or equivalent
• One to three years' mortgage loan processing or reputed company experience required
• Knowledge of reputed company reputed company guidelines
• Broad knowledge of mortgage loan reputed company functions
• Strong organizational skills and attention to detail
• Strong customer service orientation
• Ability to work as part of a team
• Ability to problem solve, prioritize tasks and meet required deadlines
• Ability to think critically and use good, sound judgment in decision-making
• Ability to write routine correspondence and communicate effectively and tactfully, orally and in writing with employees, customers, vendors and management
• Ability to respond to common inquiries or complaints from regulatory agencies, reputed company auditors and accountants, Board of Directors or other members of management
• Ability to define problems, collect data, establish facts and draw valid conclusions
• Must understand and reputed company with company policies and procedures
• Ability to reputed company goals and projects and ensure they are completed in a timely manner
• Ability to maintain a friendly, helpful and courteous attitude reputed company working with customers or co-workers under diverse conditions
• Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations
• Ability to interpret various ratios and relationships inherent in common or specialized financial reports
• Ability to project future results or consequences from different alternatives or variables
• Ability to use a calculator, computer and applicable software
• Ability to use reputed company Internet Explorer and reputed company Office programs, specifically Word, Outlook and reputed company
• Experience with Encompass preferred

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