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Mortgage Loan Processor (Alpine Bank)
Ref No.: 16-08198
Location: Rockford, Illinois
Responsible for processing mortgage loan applications to closing. Establishes loan file and orders documentation required to process loans. Is accountable for the accuracy and completeness of all loan documentation. Equal Opportunity Employer - Minorities/Women/Veterans/Disabled. Affirmative Action Employer. Drug Free Workplace.
ESSENTIAL DUTIES
  • Reviews mortgage loan files received for further processing, such as ordering a credit report, requesting property appraisal, inspection, survey, etc.
  • Checks the loan files when credit report and property appraisal is returned to determine if additional customer information is needed.
  • Contacts customers or originators for additional information or clarification of existing information.
  • Schedules loan closing date with buyer, seller, real estate agent and attorney within timeframe of commitment to close.
  • Prepares the loan settlement statement, including the breakdown of buyer/seller costs and notifies the appropriate parties of such costs prior to closing. Prepares disbursement papers, contacts appropriate parties for the disbursement, and maintains loan records of disbursement amounts.
  • Orders title insurance policies from the title insurance company after ensuring that all loan commitments have been met.
  • Scans necessary documentation into the loan origination system.
  • Meets all crucial deadlines requested for each file such as commitment, closing and rate lock.
  • Participates in required compliance training and complies with applicable policies, procedures, regulations, and laws related to this position including but not limited to CRA, robbery, privacy, Fair Lending and BSA.
  • Performs other related duties as assigned.
EDUCATION and/or EXPERIENCE
High school diploma or General Education Degree (GED) with some additional course work in personal computer use, ABI, or other related banking disciplines; at least one year experience in mortgage lending or other related banking environment; or equivalent combination of education and experience.
COMPUTER SKILLS
To perform this job successfully, an individual must have knowledge of Microsoft Word, Microsoft Excel, Microsoft Outlook, Encompass, Jack Henry Systems, Windows Explorer, and Internet Explorer.
Job Type: Full-time
Job Location:
  • Rockford, IL
Required education:
  • High school or equivalent
Required experience:
  • Loan Processing: 1 year
  • Mortgage: 1 year
ControlID: 14.234.89 SHR