Mortgage Loan Processor II Position Available In Kennebec, Maine

Mortgage Loan Processor II at City National Bank in Augusta, Maine, United States Job Description

MORTGAGE LOANPROCESSOR II WHAT IS THE OPPORTUNITY?

The Mortgage Loan Processor II is responsible for managing a pipeline of purchase and/or refinance transactions. The Mortgage Loan Processor II is also responsible for ensuring closing dates are met or exceeded, following up on conditions as needed, completing all re-disclosures in accordance with regulatory service levels, and working in a team environment from the initial decision to the final approval. Must be in good standing under “The Secure and Fair Enforcement for Mortgage Licensing Act of 2008” (Safe Act) and must be registered/licensed with the “Nationwide Mortgage Licensing System and Registry”; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.

WHAT WILL YOU DO?

Review loan decisions to determine what documents are required to move to closing.
Utilize pipeline reports to effectively manage and prioritize daily work flow.
Responds to business partners’ e-mails, questions, and phone calls.
Manages to key dates, such as but not limited to – rate lock expiration, contingency date, contract date, credit expiration, income expiration, asset expiration, and TRID.
Ensures all parallel support models such as HOI, Flood, Title, & Project Approval are seamlessly moving through the process.
Prepares, validates, communicates and delivers any and all Revised Loan Estimates in accordance with regulatory service levels.
Acts as the primary liaison between Sales, Title, Escrow & Centralized Services.
Effectively manage a pipeline of 25-40 loans.
Works with the Loan Officer & Loan Officer Assistant to collect all conditions through final approval.
Remain accountable for all loan files once they are received from sales.
Ensure all initial reviews & follow ups occur within the established SLA.
Maintain current knowledge of CNB guidelines and loan programs.
Other duties as/or assigned by management.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications• Minimum 2 years of mortgage loan processing experience required.
Minimum 2 years of experience of state and federal lending regulations (e.g. RESPA, Reg

Z, ECOA, TRID

) required
Must be in good standing under “The Secure and Fair Enforcement for Mortgage Licensing Act of 2008” (Safe Act) and must be registered/licensed with the “Nationwide Mortgage Licensing System and Registry”; or must be able to be registered under the Safe Act. Must remain in good standing u