Real Estate Loan Processor

The Real Estate Loan Processor supports the mortgage and consumer lending process by coordinating loan documentation, ensuring regulatory compliance, managing loan files from application through closing, and providing administrative support to loan officers. This role serves as a key liaison between borrowers, loan officers, underwriters, title companies, and internal departments to ensure a smooth and timely loan process while maintaining a high level of accuracy and customer service.

DUTIES & RESPONSIBILITIES

Process residential real estate and home equity loan files from application through closing and post-closing. Prepare and deliver required initial disclosures in compliance with applicable lending regulations and deadlines. Collect, review, and maintain all required documentation for loan files, including appraisals, flood determinations, title work, verifications, and other supporting documentation. Submit complete loan files to underwriting and coordinate with loan officers and underwriters to ensure conditions are met in a timely manner. Prepare and coordinate Closing Disclosures within required regulatory timelines. Assemble and prepare closing packages for loan closings. Manage loan funding, disbursements and ensure files are submitted for boarding. Deliver closed loans to the secondary market when applicable. Scan and maintain completed loan files within designated document storage systems. Monitor loan pipelines and proactively follow up on incomplete files to obtain outstanding documentation. Provide loan documentation support to loan officers and assist with customer phone inquiries. Prepare adverse action notices for denied or withdrawn applications. Prepare required HMDA documentation and reporting worksheets. Prepare mortgage releases, extensions, and related documentation for recording with county offices or title companies. Attend Loan Committee meetings as requested. Monitor maturing Home Equity Lines of Credit (HELOCs). Coordinate renewals with borrowers and loan officers. Process HELOC loans when requested by the Secondary Market Loan Operations Officer and Real Estate Loan Processor Supervisor. Primarily support an assigned market while assisting with overflow processing across other markets when needed. Maintain flexibility to assist in other lending or operational functions as assigned. Participate in ongoing training to maintain knowledge of lending regulations, compliance requirements, and industry best practices.

ESSENTIAL KNOWLEDGE & SKILLS

Must be able to input information with a very high degree of accuracy and efficiency. Ability to perform the following mathematical functions: addition, subtraction, multiplication, division, computation of fractions, accurate accounting. Must be able to operate the following machines and/or equipment: computer with Excel and Word, calculator, copy machine, etc. Must be trustworthy and discreet regarding confidential information. Must be able to demonstrate poise and effectiveness in dealing with new personal contacts. Ability to work harmoniously and effectively with co-workers in his/her department. Must be poised and effectively handle unfamiliar or difficult situations. Ability to remember names/ details of previous transactions. Must speak clearly and professionally when interacting with customers, attorneys, title companies, etc. Ability to deal effectively, tactfully, and patiently with customers or outside vendors. Should be "people oriented", preferring a job with a high degree of customer contact. Ability to work without close supervision and have the ability to manage his/ her pipeline and prioritize task lists appropriately and efficiently Ability to compose business letters and memorandums. Position requires a working knowledge of accepted banking procedures or general commercial or technical practice used in some form of banking. Experience required by position is from over twelve (12) months through two (2) full years of employment with the Bank or with companies in related positions. (Over 1-2 years)

Job Type:

Full-time Pay:

$18.00 - $25.00 per hour

Benefits:

401(k) 401(k) matching Employee assistance program Health insurance Life insurance Paid time off Tuition reimbursement Vision insurance

Physical Setting:

Office Application Question(s): Tell us why you are interested in this position.

Experience:

Banking:

1 year (Preferred) Ability to

Commute:

Geneseo, IL 61254 (Required)

Work Location:

In person