Loan Processor First Western Federal Savings Bank

•

Rapid City, SD Position :

Loan Processor Department/Branch :

Mortgage Work Schedule :

Monday

• Friday, 8:00 a.m.
• 5:00 p.

m.

JOB SUMMARY

The loan processor is responsible for gathering, reviewing, and verifying all documentation required for commercial mortgage loan applications and managing the workflow of the loan from application through closing. This role all loan files are complete, accurate and compliant with regulatory and underwriting guidelines.

ESSENTIAL FUNCTIONS

• Review incoming loan applications for accuracy and completeness.
• Collect and verify borrower documentation (e.g., income, assets, credit reports, property appraisals).
• Communicate with loan officers, underwriters, title companies, and borrowers to ensure timely and accurate processing.
• Maintain accurate loan files and update internal systems throughout the process.
• Ensure compliance with all federal, state, and investor regulations and guidelines.
• Prepare files for underwriting and closing.
• Review files for errors or inconsistencies and follow up promptly to correct them.
• Maintain high standards of accuracy and quality in all aspects of loan processing.

COMPETENCIES

Time Management

• Manage multiple loan files and varying deadlines effectively in a fast-paced environment. Quality of Work
• Produce accurate, thorough, and compliant loan files with minimal need for rework. Problem Solving
• Identify issues early and take proactive steps to resolve them. Customer Service Orientation
• Focus on providing a smooth, transparent and positive loan experience for all customers. Communication
• Clearly and professionally communicate with borrowers, co-workers and third parties. Listen actively to others. Technology Proficiency
• Leverage one's practical knowledge and understanding of recent technology tools, solutions, and trends to improve work results, solve work problems, and take advantage of new opportunities. Compliance Awareness
• Understand and apply lending regulations and internal policies.

REQUIREMENTS

• Education
• Associates degree preferred in Business or other related field.
• Previous Experience
• 1-2 years of experience in real estate processing, underwriting, or servicing preferred.

SKILLS/ATTRIBUTES

Goal-oriented, self-motivated and highly-detailed. Possess knowledge of Microsoft Office programs and be able to learn job-related software. Ability to conduct relationships in a manner that will ensure cooperation and positive results. A Good Attitude is a must.

Job Type:

Full-time Job Type:

Full-time Pay:

$22.00

• $30.

00 per hour Expected hours: 40.0 per week

Benefits:

401(k) matching Dental insurance Flexible schedule Health insurance Life insurance Paid time off Retirement plan Vision insurance

Education:

High school or equivalent (Preferred)

Work Location:

In person