Mortgage Lending Assistant
The Mortgage Lending Assistant assists with consumer real estate lending and is responsible for gathering, assembling, and preparing information and documentation for mortgage transactions; organizing the loan file during and after the closing; monitoring receipt of final loan documentation, and general assistance to mortgage lenders in the processing, closing and disbursement of consumer real estate loans (1st mortgages, construction/lot loans, home equity loans/lines of credit and other mortgage products). Education and Experience Requirements: High School Diploma or GED is required. One year of related banking and/or loan processing experience preferred. Previous customer service experience required. Major Responsibilities: Accurately and efficiently prepares written correspondence, emails, and other documents from written or verbal instructions for loan officers as assigned. Generate accurate and timely preliminary loan disclosures/redisclosure for designated loan types to ensure compliance with applicable regulatory requirements. Establish initial loan file and order required documentation such as property value/title documentation, income/asset verifications, proof of insurance, etc.; update applicable data and track status in lending software and on internal checklists; scan 1st mortgage loan file documentation to appropriate folders as well as internal scanning software; scan and submit underwriting packages for secondary market loans to investor for approval review; monitor underwriting approval conditions to ensure compliance either prior to or at closing; complete Ability to Repay and Qualifying Mortgage data entry for designated loan types. Monitor documentation exceptions and follow up for receipt, including recorded loan documents, supplemental Owners & Encumbrances, and final title insurance policies, etc. using the internal tickler system and Loan Origination System. Ship final documents to investor on sold 1st mortgage loans. Maintain file organization consistent with established bank guidelines. As a member of the Mortgage Lending Department, actively identifies customer needs and preferences and communicates observations to Group. Fully understands all Bank products, communicates appropriately with customers about products, and makes appropriate referrals to co-workers. Schedules closings, collaborates with title companies and Loan Officers to generate and send out initial closing disclosures, works with Mortgage Lenders to prepare final closing disclosures and documents, sends final closing packages to title companies, requests loan proceeds to be wired to the title company (requests funding). Various duties as assigned. Knowledge, Skills and Abilities: Professional, team-oriented, organized, detail-oriented individual. Must be able to work independently. Excellent communication and customer relationship skills. Ability to prioritize tasks to support both external and internal customers. Strong computer and typing skills. Problem-solving abilities and ability to meet reasonable deadlines. Desire to learn and grow. Strong attention to detail and accuracy. About Us: Lake Elmo Bank was chartered on August 1, 1911 and has built its tradition on a personal approach to banking. We get to know our customers so that we understand each customer's unique needs with the intent of building long-term financial relationships. This goal has been the foundation of our business for over 100 years. Today, with assets over 500 million dollars, Lake Elmo Bank is among the larger community banks in the State of Minnesota. Because of its unique history and the Bank's commitment to community service, Lake Elmo Bank has successfully served the residents and businesses of the east metro area with a continued commitment to its tradition of service. Lake Elmo Bank was also voted "Best Bank" by the Stillwater Gazette Readers' Choice Awards. Lake Elmo Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact the human resources department.
The Mortgage Lending Assistant assists with consumer real estate lending and is responsible for gathering, assembling, and preparing information and documentation for mortgage transactions; organizing the loan file during and after the closing; monitoring receipt of final loan documentation, and general assistance to mortgage lenders in the processing, closing and disbursement of consumer real estate loans (1st mortgages, construction/lot loans, home equity loans/lines of credit and other mortgage products). Education and Experience Requirements: High School Diploma or GED is required. One year of related banking and/or loan processing experience preferred. Previous customer service experience required. Major Responsibilities: Accurately and efficiently prepares written correspondence, emails, and other documents from written or verbal instructions for loan officers as assigned. Generate accurate and timely preliminary loan disclosures/redisclosure for designated loan types to ensure compliance with applicable regulatory requirements. Establish initial loan file and order required documentation such as property value/title documentation, income/asset verifications, proof of insurance, etc.; update applicable data and track status in lending software and on internal checklists; scan 1st mortgage loan file documentation to appropriate folders as well as internal scanning software; scan and submit underwriting packages for secondary market loans to investor for approval review; monitor underwriting approval conditions to ensure compliance either prior to or at closing; complete Ability to Repay and Qualifying Mortgage data entry for designated loan types. Monitor documentation exceptions and follow up for receipt, including recorded loan documents, supplemental Owners & Encumbrances, and final title insurance policies, etc. using the internal tickler system and Loan Origination System. Ship final documents to investor on sold 1st mortgage loans. Maintain file organization consistent with established bank guidelines. As a member of the Mortgage Lending Department, actively identifies customer needs and preferences and communicates observations to Group. Fully understands all Bank products, communicates appropriately with customers about products, and makes appropriate referrals to co-workers. Schedules closings, collaborates with title companies and Loan Officers to generate and send out initial closing disclosures, works with Mortgage Lenders to prepare final closing disclosures and documents, sends final closing packages to title companies, requests loan proceeds to be wired to the title company (requests funding). Various duties as assigned. Knowledge, Skills and Abilities: Professional, team-oriented, organized, detail-oriented individual. Must be able to work independently. Excellent communication and customer relationship skills. Ability to prioritize tasks to support both external and internal customers. Strong computer and typing skills. Problem-solving abilities and ability to meet reasonable deadlines. Desire to learn and grow. Strong attention to detail and accuracy. About Us: Lake Elmo Bank was chartered on August 1, 1911 and has built its tradition on a personal approach to banking. We get to know our customers so that we understand each customer's unique needs with the intent of building long-term financial relationships. This goal has been the foundation of our business for over 100 years. Today, with assets over 500 million dollars, Lake Elmo Bank is among the larger community banks in the State of Minnesota. Because of its unique history and the Bank's commitment to community service, Lake Elmo Bank has successfully served the residents and businesses of the east metro area with a continued commitment to its tradition of service. Lake Elmo Bank was also voted "Best Bank" by the Stillwater Gazette Readers' Choice Awards. Lake Elmo Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact the human resources department.