Consumer Real Estate Loan Processor

Summary:  Process consumer real estate secured loans for customers and consumer real estate originators accurately and in a timely basis.  Correspond with consumer real estate originators regarding loan in process. Provide guidance to originators regarding loan processes.

Essential Duties and Responsibilities include the following.  Other duties may be assigned.

• Prepares and processes loan documentation for consumer real estate loans. Including preliminary and closing disclosures, revisions to those if needed, flood affidavit, affixation, signature affidavit, spousal waiver and MV 38 if needed.
• Be proficient in using all loan systems.
• Provides administrative assistance to consumer real estate originators for loan application processing.
• Calls to verify employment status and final home owner’s insurance for closings.
• Prepares loan files and finalizes documentation for STC Closers.
• Prepares statements to send to escrow for approval, if needed.
• Ensures loan documentation is complete and accurate according to policy.
• Communicates with outside attorney’s and settlement agents when needed.
• Sends to customers In House Evaluations/Appraisals.
• Makes sure all tracking items within system are completed to do a final clear to close on loans.
• Sends documents via FedEx , when required.
• Sends communication to Post Closing to keep them informed during closing process.
• Turns file over to Post Closing once closing is set and documents are sent.
• Maintains understanding all regulatory guidelines associated with real estate lending.
• Spends 12 hours minimum a year with consumer real estate originators on the front side to learn and keep updated on the origination side of consumer real estate lending.
• Maintains current knowledge of and adheres to the BSA policy.

Supervisory Responsibilities:  This job has no supervisory responsibilities.

Qualifications: 

Must have good multi-tasking and organizational 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, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience:

Associate’s degree (AA) or equivalent from two-year college or technical school; or six months to one year lending experience and/or training; or equivalent combination of education and experience.  A good understanding of financial institution products and services is also necessary.

Communication Skills:

Ability to read and interpret documents such as bank policies and procedures, regulatory guidance, and banking industry guidance.  Ability to evaluate internal loan reports.  Ability to build relationships and facilitate collaboration with team members within and across departments.  Ability to effectively present information to management when necessary.

Mathematical Skills:

Ability to understand all aspects of consumer lending and how it works and relates to our customer base.  i.e. calculation of loan payments as it relates to debt to income etc.

Reasoning Ability:

Ability to practice critical and innovative thinking.  Ability to define problems, collect data, establish facts, and draw valid conclusions.  Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.  Ability to interpret a variety of instructions furnished in written, oral diagram or schedule form.

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.

While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to operate office equipment, telephones, etc.; and talk or hear.  The employee is occasionally required to stand, walk, and reach with hands and arms.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus.