Mortgage Loan Processor

Located in Wisconsin Rapids, WI

Mortgage Loan Processor/Closer

Qualified applicants should have mortgage loan processing and closing experience. Experience and/or knowledge in mortgage underwriting, or a general understanding of secondary market requirements preferred but not required.

The Mortgage Loan Processor-Closer is responsible for, but not limited to gathering and reconciling conditions on mortgage loan files (FNMA, FHLMC, FHA, USDA, VA, Jumbo) and closings. Basic skills necessary to complete the common tasks of a Processor-Closer include but are not limited to:

-Ability to review and analyze residential and land appraisals

-Calculating and analyzing income and asset documentation of all types to ensure source of funds are adequate

-Ordering and evaluating real estate title insurance binders; analyzing homeowner, wind, hail and flood insurance

-Preparing closing packages, reviewing a LE (Loan Estimate) and CD (closing disclosure); must be familiar with TRID and other mortgage lending regulations

-Loading loans into the mortgage LOS, understanding internal software systems to include imaging systems

-Calculate and process construction to permanent loan financing draws, process construction conversions, knowledge of how to ensure a lien is perfected

-Prepare and analyze excel spreadsheet reports, analyze GL’s, and communicate the status of the loan with all applicable parties

The Mortgage Processor-Closer is expected to manage pipelines to ensure loan files close by the loan contract and or commitment, financing contingency, and rate expiration dates. Applicants should be self-sufficient, resourceful, reliable, pro-active, service friendly and support the department team efforts and goals. The ideal applicant must possess and maintain an ability and willingness to mentor and cross cross-train co-workers. This position is fast paced requiring the ability to meet deadlines, adapt to quick changing environments, make quick decisions and multi-task consistently. This position involves a high degree of work accuracy, accountability and timely processing to ensure the coordination of processing and closing of mortgages, land, and construction to permanent loans. The Mortgage Processor-Closer must have excellent communication skills working with originators and clients.

This position will compensate based on experience with bonus income opportunities and a full benefit package, including life, health, dental and 401K match up to 6%.