Minnesota Lakes Bank
Secondary Market Loan Processor
Minnesota Lakes Bank, a family-owned community bank, has an opening for an experienced processor at our loan production office. Competitive salary & benefit package available.
Perform a variety of loan processing duties:
•Assist with obtaining required information for mortgage loan applicants regarding verification of employment and deposits, appraisals, credit reports, title work, payoffs/subordinations, flood certification, tax transcripts, homeowner’s insurance, and any other pertinent information necessary for the loan file.
•Process and verify documents received for mortgage loans, and update files/systems per the verified information
•Prepare, stack, and submit files to lenders for underwriting
•Input and update required customer information into secondary market loan origination software
•Upload loans from loan origination software to lender websites for compliance and disclosure benchmarks, electronic delivery of loan application, and run automated underwriting findings (Fannie Mae - DU and Freddie Mac - LP)
•Assist processing manager with preparing closing documents or requests
•Assist post-closing with follow up on missing or incorrect documentation when needed
•Answer questions from loan officers and customers pertaining to loans in process, potential loan requests, and general information
•Completes and prints appropriate disclosures for all loan applications, and works with loan officer to deliver in timely fashion to applicant
•Assist loan officer in requesting and following up on missing documentation
•Interpret underwriting conditional approvals and collects information/documents needed to clear the conditions for a final approval
•Assist processing manager in arranging/coordinating loan closings with lender, title closer, loan officer, borrowers, and realtors.
•Gather and deliver appropriate documentation to compliance department for HMDA tracking and reporting
•Perform any other duties as requested by management to assist other departments, as necessary
•Follow up on receipt of final title polices and recorded mortgages, and deliver to final lender
•Serve as back up for other functions in the department
2 years of previous loan processing experience required
How to Apply:
Qualified applicants may apply online at https://grsb-hr.com/onlineapp/