Loan Processor III
- Mortgage Operations First National Bank Alaska
- 3.8 Anchorage, AK Job Details From $25.42 an hour 22 hours ago Qualifications Customer communication Report writing Research Typing Algebra 10 key typing Full Job Description Loan Processor III
- Mortgage Operations Start a career with First National Bank Alaska, the
- Best Place to Work in Alaska
- as recognized 10 years in a row by Alaska Business magazine readers. Consider a career in lending or taking the next step in your Mortgage Lending Career! Loan Processors act as the intermediary between lenders and borrowers with a hand in front
- and back-end loan-processing actions.
The successful candidate will have some lending experience, analytical and logistical thinking skills, comfort with financial figures and detailed documentation, customer service skills, excellent written and verbal communication, time management and organizational skills.
Salary:
$25.42/hour minimum. Job/salary offer would be commensurate with job level and experience.
Schedule:
Monday-Friday
GENERAL PURPOSE SUMMARY
Processes mortgage loan applications according to investor guidelines and bank policy; identifies and assembles required supporting documentation ensuring accuracy and completeness of mortgage loan applications and answers questions regarding the loan process by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Reviews mortgage loan applications and supporting documentation received from department and branch mortgage loan originators confirming the most suitable loan program has been selected for the borrower, orders additional supporting documentation from borrower and other applicable parties required by investor guidelines and bank policy. Reviews and analyzes documentation for accuracy and compliance with investor guidelines and bank policy; prepares written analysis of income; identifies exceptions to investor guidelines and prepares summaries of compensating factors. Independently reviews and processes complex conventional and government-secured mortgage loans by utilizing online processing software programs, researches online investor guidelines to determine the most appropriate course of action. Assists originating and processing personnel with income analysis and investor guidelines/bank policy questions. Ensures completeness of applications and accuracy of supporting documentation by directly communicating with borrowers, sellers and real estate agents involved in the loan application process and keeps them, along with the originator, current on the progress. Prepares loan application files for closing by ordering closing documents and reviewing supporting documentation to identify anomalies. Performs other work-related duties as assigned supervisor.
COMPLIANCE EXPECTATIONS
Stay updated on relevant laws and regulations and complete all compliance training on time. Knowledgeable of and comply with bank policies, procedures, laws and regulations that apply to you and your job. Maintain customer confidence and protect the bank's operations by you and your delegates by identifying and protecting confidential information.
QUALIFICATION REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. EDUCATION and/or
EXPERIENCE
Minimum:
Associate's degree in accounting, bookkeeping, or related field and one year consumer loan processing, mortgage lending, loan servicing, banking, or related experience; or two years mortgage lending, loan servicing, banking, or related experience; or equivalent combination of education/training and experience.
Preferred:
Eighteen months customer service experience. OTHER SKILLS and
ABILITIES
Ability to keyboard 35 wpm and operate a 10-key calculator by sight required. Word processing, spreadsheet software, and loan calculation and loan documentation software experience preferred.
LANGUAGE SKILLS
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, interest, discounts, and percent. Ability to apply concepts of basic algebra.
REASONING SKILLS
Ability to apply common sense understanding to carry out instructions in written, oral, or diagram form. Ability to deal with problems involving multiple variables.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORKING CONDITIONS
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.
