Residential Loan Processor

Company: Northern Bank
Location: Reading
Posted on: February 19, 2021

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