Residential Loan Processor Specialist at The First National Bank and Trust Compan in Beloit, Wisconsin

Job Description:

MINIMUM REQUIREMENTS FOR POSITION:

• Associate degree or minimum of 2 years related experience


• Proficient in the use of standard or specialized hardware and software programs


• Maintain confidentiality of customer information


• Applies experience and sound judgment to avert or solve problems, and knows when to ask for help when analyzing and solving problems


• Data entry and basic computer skills a must, including ability to use standard software packages such as Excel and Word


• Good verbal and written communication skills, including usage of phone, email and other means of correspondence


• Interacts with others in a professional and tactful manner, successfully building business relationships with suppliers, customers and co-workers


• Basic math aptitude and proficiency


• Knowledge of accounting principles helpful


• Must be self-motivated and a team player


• Maintains acceptable attendance record


• Expected to participate in appropriate in-Bank classes and other seminars/webinars as management requires

PRIMARY ACTIVITIES AND RESPONSIBILITIES:

• Effectively manage work flow to ensure the timely and accurate processing and closing for all loans originated


• Proficient at processing Conventional (In House & Secondary Market), WHEDA, FHA, Construction and Rural Development Loans


• Responsible for ensuring that all loan documentation is complete, accurate, verified and complies with company policy and regulations.


• Effectively communicates with customers to obtain necessary documentation to complete file


• Verify loan documents including income, credit, appraisal, flood and title insurance to prepare application package for submittal of a complete and accurate package to underwriting


• Review file documentation to ensure all items needed are in file (per DU findings)


• Order Appraisal, title work and any other documentation needed and meet crucial deadlines


• Effectively utilizes Loan Origination Systems to process applications


• Understands all requirements for TRID disclosures, redisclosures and waiting periods.


• Understands Escrow and Mortgage Insurance Requirements


• Good organizational skills and analyzes documents and calculations with accuracy


• Prepares closing packages, closing instructions and transmits to title companies and/or Originators


• Knowledge of FNB loan products and requirements for each loan package


• Knowledge and understanding of all applicable loan processing programs, vendor websites and all HMDA regulations and requirements.


• Maintains Construction files for draws, inspections and disbursements


• Disbursement of funds (Customer account deposits, mail checks, payoff loans)


• Willingly participates in all assigned duties and responsibilities


• Knows where the CRA notice, statement and public disclosure file is located in the Branch and who the CRA officer is


• Understands and complies with Bank mission, organizational structure, employee handbook, bank security, policies and procedures, standards of conduct and incentive program

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