Residential Loan Processor
Company: Northern Bank
Location: Reading
Posted on: February 19, 2021
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Job Description:
At Northern Bank, banking may be our business, but helping
people is our passion. Right now, we're looking for a Residential
Loan Processor who understands that operational excellence combined
residential lending knowledge is key to helping Northern deliver
exceptional service to homeowners.In this role, you will be
responsible for processing residential loan files. If you are a
self-motivated, detail oriented, team player, who understands the
importance of delivering exceptional service to our customers you
may be the perfect candidate for this position.Essential Functions*
Prepares all regulatory disclosures ensuring compliance with all
federal, state, bank, and investor regulations and guidelines.*
Stacks files in proper order, reviews signed disclosures for
completeness and follows up on corrections or missing documents.*
Reviews file to ensure all vendor orders have been placed.*
Activates 4506-T and follows up on outstanding vendor documents.*
Communicates with customers and loan officers to meet financing
timelines.* Obtains and reviews documents as required by the
underwriter and/or investor.* Manages pipeline to meet all rate
lock, commitment and closing dates.* Performs all validation
requirements for the loan file including reviewing documents,
validating that documents have not expired, and performing final
verbal verifications of employment within the prescribed
timelines.* Calculates income and reviews assets before submission
to underwriting and/or investor, if applicable.* Expedites the loan
process by providing Loan Officers with current pipeline status and
information relevant to the transaction.* Perform a thorough review
of borrower's credit, employment, income and assets as required by
the particular loan program before submitting to underwriting*
Review the complete loan package to ensure proper order for
underwriting:* * Verify all required documentation (pre-underwrite)
in the file;* Complete the required loan checklist;* Verify that an
application is complete and accurate; and* Identify any potential
issues that may arise in underwriting* Other tasks as may be
assigned by management.Job Qualifications* Ability to multitask and
work independently.* Ability to prioritize and work under time
constraints.* Desire to take personal responsibility to complete
tasks and solve problems.* Excellent oral and written
communication, customer service and organizational skills.* Able to
use various types of office equipment and computer software such as
Microsoft Office applications. Prior experience with Lending QB is
preferred.* One to two years related mortgage banking experience.*
Familiarity with residential lending regulations.About Northern
BankNorthern Bank is a full service bank dedicated to providing
practical, common sense financial solutions to help our customers'
lives and businesses grow. From deposit products to loans to
payment and collections services, we work hands on with our
entrepreneurial customers, both locally and across the country, to
provide the financial support they need to realize their personal
and business goals. Founded in 1960, Northern Bank has assets of $2
billion with 12 locations serving communities throughout Middlesex
County. Northern Bank is a Member of the FDIC, an Equal Housing
Lender, and consistently ranked among the best performing community
banks in New England. For more information on online banking
services, please visit www.NBTC.com or follow Northern Bank on
Facebook (/NorthernBankMA/), Twitter (@northernbankma), Instagram
(@northernbankma) and LinkedIn (company/northern-bank-ma/).Powered
by JazzHRYkk6PQJgNb
Keywords: Northern Bank, Somerville , Residential Loan Processor, Other , Reading, Massachusetts
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