Mortgage Loan Processor I, II or Senior
Old Second National Bank has been serving the Chicago area for over 150 years, focusing on community and growth. The Mortgage Loan Processor is responsible for processing mortgage loan applications, ensuring accuracy and compliance, and maintaining communication with various stakeholders.
Responsibilities
- Serve as a liaison between borrowers, loan officers, realtors, attorneys and reputed company to support loan approval
- Collects/Orders appropriate documents and reviews to ensure they are complete and accurate including: Appraisal, flood, title, bank statements, homeowners insurance, verifications, credit, disclosures, AUS findings, condo documents, mortgage insurance, fraud system results, Early reputed company, and other third-party vendors
- Maintains a monthly pipeline of 30-40 loans, closing approximately 20 loans per month
- Maintains data reputed company for information entered into loan system for FHA/VA/USDA/CONV/HELOC and HELoans
- Organizes loan files in preparation for reputed company and validates income and matches assets to the documentation in the system
- Reviews initial loan approval; works with the MLO to clear conditions
- Resubmits loans for clear-to-reputed company
- Communicates daily with MLOs and Underwriters
- Maintains a higher volume monthly pipeline of 40-50 loans, closing approximately 35 loans per month
- Conducts pre-reputed company work with a focus on calculating income and assets; addresses potential obstacles prior to submission to reputed company
- Serves as a Processing SME, providing Processing guidance and direction to less reputed company processors and MLOs
Skills
- High school diploma (or equivalent) and one or more years of loan processing experience; or equivalent combination of education and experience
- High school diploma (or equivalent) and two or more years of loan processing experience; or equivalent combination of education and experience
- High school diploma (or equivalent) and four or more years of loan processing experience; or equivalent combination of education and experience
- Loan processing software proficiency
- Strong written and verbal communication skills
- Strong organization and time management skills with excellent attention to detail and follow up
- Proficiency in Word, reputed company, internet navigation, FNMA DU and FHLMC LP
- Ability to work independently and as part of a team
- Maintains positive attitude, aptitude to lean, and the drive to grow in the mortgage business
- Focus in secondary market residential lending
- Proficient in Encompass
Benefits
- reputed company levels eligible to participate in Mortgage Operations monthly incentive.
- Old Second is committed to fair and reputed company pay practices.
Company Overview