Residential Lending Processor

Banterra
Salt Lake, UT Full Time
POSTED ON 2/9/2024 CLOSED ON 2/18/2024

What are the responsibilities and job description for the Residential Lending Processor position at Banterra?

Position: Residential Lending Processor
Location: Salt Lake City, UT
Job Id: 1264 # of Openings: 2

Summary: Responsible for processing mortgage loan applications to closing. Account for the accuracy and completeness of all loan documentation. Be well-versed in rules, regulations and guidelines regarding all aspects of mortgage lending. Responsible for answering customer inquiries, resolving conflicts and communicating effectively.

Responsibilities: include but are not limited to the following. Other duties may be assigned.
  • 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 all 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, Freddie Mac regulations as well as FHA, VA, USDA, and all other investor loan guidelines.
  • Participate in continued 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.
  • Develop and maintain an overall understanding of all 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 optimum level. Report and correct any issues that arise. Identify and attend training as necessary for continued 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.

All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cyber security, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

Qualifications and Skills: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education/Experience:
  • High school diploma or equivalent.
  • One to three years' mortgage loan processing or related experience required.
  • Knowledge of Freddie Mac underwriting guidelines.
  • Experience with Encompass preferred.
  • Broad knowledge of mortgage loan related functions.

Knowledge/Skills/Abilities:
  • 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, outside 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 comply with company policies and procedures.
  • Ability to oversee goals and projects and ensure they are completed in a timely manner.
  • Ability to maintain a friendly, helpful and courteous attitude when 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 Microsoft Internet Explorer and Microsoft Office programs, specifically Word, Outlook and Excel.

Physical Demands: 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. The employee must have the ability to lift and carry 25 pounds for a distance of 50 feet.
Intent and Function of Job Descriptions: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills or working conditions. The duties and responsibilities enumerated are essential job functions except for those that begin with the word "May."

Banterra promotes an Equal Employment Opportunity workplace which includes reasonable accommodation of otherwise disabled applicants and employees.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. Banterra maintains its status as an at-will employer.

Banterra bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, disability, protected veteran status, or any other characteristics protected by law.


Apply for this Position

Banterra Bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identify, age, disability, protected veteran status, or any other characteristics protected by law.

 

Processor
WKS Restaurant Group -
Sandy, UT
Manager, Flow Lending
CardWorks/Merrick Bank -
South Jordan, UT
Assistant Property Manager
Cottonwood Residential -
Salt Lake, UT

For Employer
Looking for Real-time Job Posting Salary Data?
Keep a pulse on the job market with advanced job matching technology.
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

Sign up to receive alerts about other jobs with skills like those required for the Residential Lending Processor.

Click the checkbox next to the jobs that you are interested in.

  • Insurance Products Skill

    • Income Estimation: $319,841 - $528,960
  • Loan Origination Skill

    • Income Estimation: $88,033 - $124,352
    • Income Estimation: $96,679 - $132,064
This job has expired.
View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

Job openings at Banterra

Banterra
Hired Organization Address Paducah, KY Part Time
Summary: A great opportunity to start your banking career and be part of a growing company. Candidate with beginning ban...
Banterra
Hired Organization Address Paducah, KY Full Time
Summary: Responsible for the preparation and posting of the Company's various general ledger activity, preparations of r...
Banterra
Hired Organization Address Evansville, IN Full Time
HYBRID REMOTE MAY BE CONSIDERED FOR THIS POSITION, WITHIN CERTAIN MILEAGE OF BRANCH LOCATION. APPLICANT MUST BE LOCATED ...
Banterra
Hired Organization Address Christopher, IL Full Time
Summary: Responsible for accurately and efficiently processing financial transactions between customers and the Bank acc...

Not the job you're looking for? Here are some other Residential Lending Processor jobs in the Salt Lake, UT area that may be a better fit.

Compliance Specialist

Intercap Lending, Inc., Murray, UT

Area Sales Manager

Global Lending Services, Salt Lake, UT