Mortgage Loan Processor

7 days ago


Milwaukee, Wisconsin, United States Tri City National Bank Full time
About the Role

We are seeking a highly skilled Mortgage Loan Processor to join our team at Tri City National Bank. As a key member of our mortgage lending team, you will be responsible for ensuring the accuracy and completeness of loan files, while adhering to industry and government standards.

Key Responsibilities
  • Process and review residential loan applications to verify completeness and accuracy, ensuring compliance with Bank and investor standards.
  • Communicate with customers and staff to obtain necessary documentation and information, while maintaining excellent organizational skills and attention to detail.
  • Prepare and deliver initial disclosure packages to borrowers within regulatory timeframes, ensuring timely and accurate communication.
  • Review and verify supporting documentation, such as appraisals, flood determinations, and credit reports, to ensure complete and accurate information in loan files.
  • Communicate professionally and in a timely manner with loan originators, underwriters, and customers regarding loan status updates and requirements.
  • Follow up with customers and loan officers to obtain missing or updated documentation, ensuring timely processing of mortgage loan files.
  • Enter HMDA and/or CRA information as required, and process adverse action loan applications as needed.
  • Mentor and train less experienced team members, while maintaining a high level of professionalism and customer service.
Requirements
  • 3+ years of mortgage banking experience, with a strong understanding of mortgage loan processing and preparation software.
  • Knowledge of Freddie Mac or Fannie Mae guidelines, as well as a solid understanding of complete residential loan applications and proper loan submission in accordance with compliance and regulatory requirements.
  • Ability to demonstrate knowledge of Federal and State real estate lending guidelines regarding compliance of RESPA, Regulation Z, Regulation B, HMDA, ECOA, and FCRA.
  • Excellent organizational skills, attention to detail, and ability to prioritize multiple work assignments to meet scheduled loan closing dates and rate lock expirations.
  • Ability to maintain confidentiality of customer files and interact collaboratively with a positive attitude to establish and maintain effective working relationships.
What We Offer

As a Mortgage Loan Processor at Tri City National Bank, you will have the opportunity to work in a dynamic and supportive team environment, with a focus on delivering exceptional customer service and ensuring the accuracy and completeness of loan files. We offer a competitive compensation package, including a salary of $26.00 per hour depending on experience, as well as opportunities for professional growth and development.



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