Loan Processor

This posting specifically includes the TRID emphasized section of the description below. Recent TRID mortgage loan processing experience is required for this opening.

Loan Processor

Loan Operations / Centralized Processing

COO or Assigned Manager

Non-Exempt

The Processor supports the Bank’s lending function by facilitating the accurate and timely processing of assigned loans from application through closing, booking, or other final disposition. The position reviews documentation, verifies borrower and collateral information, maintains accurate loan data, tracks outstanding items and conditions, and works with internal and external parties throughout the loan process. Depending on business needs and assignment, the Processor may support general consumer, commercial, residential mortgage, or other loan products, including consumer-purpose residential mortgage loans subject to the TILA-RESPA Integrated Disclosure (TRID) requirements.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Review loan applications, approvals, and supporting documentation for completeness, accuracy, consistency, and compliance with established requirements.
• Collect, organize, and review required loan documentation and follow up on missing, incomplete, or inconsistent information.
• Obtain and verify borrower and loan information, which may include identity, employment, income, assets, credit, collateral, insurance, and other information applicable to the assigned loan type.
• Enter and maintain complete and accurate loan information, documentation, notes, dates, fees, and status information in the Bank’s core system, loan origination system, and other applicable systems.
• Monitor assigned loan files and pipelines, prioritize deadlines, track outstanding documentation and conditions, and communicate file status to appropriate parties.
• Request, receive, review, and route documentation or conditions required for underwriting, approval, closing, booking, or post-closing follow-up, as applicable.
• Review loan documents and system information for consistency with approved loan terms and applicable processing requirements before closing or booking.
• Work collaboratively with loan officers, underwriters, internal departments, customers, and applicable third-party service providers to facilitate timely loan processing, approval, documentation, closing, and booking.
• Communicate clearly and professionally regarding documentation needs, file status, deadlines, discrepancies, and processing issues.
• Identify and help resolve missing information, discrepancies, and documentation issues and promptly refer exceptions or potential compliance concerns to the appropriate manager or compliance resource.
• Process and maintain assigned loan files in accordance with applicable laws and regulations, investor or secondary-market guidelines when applicable, and Bank policies and procedures.
• Protect confidential customer and Bank information and maintain complete, accurate, and organized loan records.
• Complete required training and maintain current knowledge of procedures, products, systems, and regulatory requirements applicable to assigned responsibilities.
• Perform other job-related duties as assigned consistent with the nature of the position.

The following duties apply when the Processor is assigned consumer-purpose residential mortgage loans subject to TRID or related mortgage requirements:

• Prepare, issue, and document required Loan Estimates, Closing Disclosures, revised disclosures, and other applicable notices within required regulatory time frames and established procedures.
• Monitor changed circumstances, fee changes, tolerance requirements, waiting periods, and evidence of receipt or delivery and promptly elevate potential disclosure, fee, timing, or compliance exceptions.
• Order, obtain, and review third-party documentation and services, which may include appraisals, title work, flood determinations, tax information,…