Loan Processing Specialist II
Westfield Bank, Westfield, MA, United States
Job Details
Loan Processing Specialist II (FT) $25.92 - $38.88 Hourly. Department: Retail Lending. Job Status: Full-Time. FLSA Status: Non-Exempt. Grade: 9. Reports to: AVP/Retail Lending Operations Production Manager. Travel Required: Some. Positions Supervised: N/A.
Position Summary The Loan Processing Specialist II is responsible for processing mortgage, equity and consumer loan files. Prepares and sends loan disclosure packages for mortgage and home equity loans. Performs a variety of duties as it relates to the processing, underwriting and closing of mortgages, home equity lines, home equity loans and consumer loans. Provides loan processing support to the Loan Officer. Acts as a direct contact for all parties in the transaction, including the Borrower, Loan Officer and Realtor.
Essential Functions Review and analyze all loan and borrower documentation to determine sufficiency for submission to Underwriting. Carry a personal pipeline of at least 35 loans. Manage the pipeline to ensure all commitment and closing dates are met, as well as the bank's production timeframe standards (typically 30 days). Monitor files to ensure any change of circumstance events are identified. Review files prior to submission to Underwriting to ensure all needed information, forms and documentation are collected and complete. Communicate status and issues throughout the process to all parties involved including the customer, branch and Loan Officer. Monitor the pipeline to ensure loan disclosures are prepared and delivered within the required regulatory timeframes. Obtain all verbal and written verifications of employment, tax transcripts, property tax bills, bank relationship, licensing verifications, title commitment and mortgagee clause updates. Order credit, credit supplements, flood certificate, appraisals, re-inspections and any additional information as needed for the loan file. Process credit card transactions for upfront fees. Update and maintain the File Contacts information within Encompass for all parties in loan file. Perform HMDA compliance review of all loans. Ensure files are ready for submission to Closing Department. Perform general office/clerical duties such as filing, answering phones, opening mail and ordering supplies. Must complete BSA, AML, and other Regulatory and Continuing Education as assigned. Adhere to all bank and regulatory policies and procedures specific to position. Performs additional duties as requested.
Qualifications Minimum of 3 years of mortgage processing experience is required. Associate's Degree or equivalent professional experience required. Knowledge of LOS Encompass system and Secondary Market Mortgage guidelines. High degree of attention to detail and the ability to work under pressure of multiple projects and deadlines is required. OFAC & CIP training completed during employment.
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Position Summary The Loan Processing Specialist II is responsible for processing mortgage, equity and consumer loan files. Prepares and sends loan disclosure packages for mortgage and home equity loans. Performs a variety of duties as it relates to the processing, underwriting and closing of mortgages, home equity lines, home equity loans and consumer loans. Provides loan processing support to the Loan Officer. Acts as a direct contact for all parties in the transaction, including the Borrower, Loan Officer and Realtor.
Essential Functions Review and analyze all loan and borrower documentation to determine sufficiency for submission to Underwriting. Carry a personal pipeline of at least 35 loans. Manage the pipeline to ensure all commitment and closing dates are met, as well as the bank's production timeframe standards (typically 30 days). Monitor files to ensure any change of circumstance events are identified. Review files prior to submission to Underwriting to ensure all needed information, forms and documentation are collected and complete. Communicate status and issues throughout the process to all parties involved including the customer, branch and Loan Officer. Monitor the pipeline to ensure loan disclosures are prepared and delivered within the required regulatory timeframes. Obtain all verbal and written verifications of employment, tax transcripts, property tax bills, bank relationship, licensing verifications, title commitment and mortgagee clause updates. Order credit, credit supplements, flood certificate, appraisals, re-inspections and any additional information as needed for the loan file. Process credit card transactions for upfront fees. Update and maintain the File Contacts information within Encompass for all parties in loan file. Perform HMDA compliance review of all loans. Ensure files are ready for submission to Closing Department. Perform general office/clerical duties such as filing, answering phones, opening mail and ordering supplies. Must complete BSA, AML, and other Regulatory and Continuing Education as assigned. Adhere to all bank and regulatory policies and procedures specific to position. Performs additional duties as requested.
Qualifications Minimum of 3 years of mortgage processing experience is required. Associate's Degree or equivalent professional experience required. Knowledge of LOS Encompass system and Secondary Market Mortgage guidelines. High degree of attention to detail and the ability to work under pressure of multiple projects and deadlines is required. OFAC & CIP training completed during employment.
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