Find & Apply For Loan Processor / Assistant Jobs in Downers Grove, Illinois

Senior Mortgage Loan Processor Old Second National Bank - 3.4 Downers Grove, IL Job Details $26.75 - $36.05 an hour 1 day ago Qualifications Customer communication Full Job Description Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together! Position Overview The Senior Mortgage Loan Processor will be responsible for processing mortgage loan applications, verifying and analyzing loan documents, and ensuring that all loan documents are accurate and compliant with applicable regulations. It requires strong knowledge of the loan process to meet elevated quantity and quality production standards. The Processor reports to the Loan Processing Manager and interacts regularly with Mortgage Loan Officers, Mortgage Operations, external business partners, and customers as appropriate. Essential Job Functions Serve as a liaison between borrowers, loan officers, realtors, attorneys and underwriting 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 Check, and other third party vendors. Maintains a monthly pipeline of 30-40 loans, closing approximately 20 loans per month. Maintains data integrity for information entered into loan system for FHA/VA/USDA/CONV/HELOC and HELoans. Organizes loan files in preparation for underwriting 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-close. Communicates daily with MLOs and Underwriters. Additional Responsibilities for Senior Processor Maintains a higher volume monthly pipeline of 40-50 loans, closing approximately 35 loans per month. Conducts pre-underwriting work with a focus on calculating income and assets; addresses potential obstacles prior to submission to Underwriting. Serves as a Processing SME, providing Processing guidance and direction to less experienced processors and MLOs. Minimum Requirements High school diploma (or equivalent) and four or more years of loan processing experience; or equivalent combination of education and experience. Competencies 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, Excel, 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. Preferred, but not required Focus in secondary market residential lending Proficient in Encompass Location Details This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs. Compensation & Benefits Base pay: $26.75 - $36.05/ hour Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.

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