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Exchange Bank · 4 weeks ago

Real Estate and Consumer Loan Processor

Santa Rosa, California, United States

Full-time

Onsite

Entry Level

$24/hr - $31/hr

2+ years exp

Exchange Bank is a financial institution focused on providing various banking services. They are seeking a Real Estate and Consumer Loan Processor to manage the loan processing workflow, ensuring accurate documentation and compliance throughout the loan funding process.

BankingFinanceFinancial Services

Responsibilities

Prioritize daily workflow pertaining to loan fundings, rate locks, new loans, etc

Ability to multi-task is crucial for this position

Assemble new residential mortgage and consumer (including HELOC’s) loan files upon receipt of preliminary application information

Input data and send welcome letters with all necessary regulatory disclosures to customer detailing additional due-diligence materials required by the Bank or Lender for submission

Order and review all documentation, including credit reports, appraisals, preliminary title reports, and income documentation for accuracy and current date prior to submitting to underwriting

Communicate with borrowers, loan agents and branch bank personnel regarding conditions and loan status

Prepare revised LE/CD Disclosures when applicable for compliance purposes

Upload and submit loans through the Lender’s various paperless systems

Obtain and review all “prior to doc” and “prior to close” conditions stipulated by the lender

Order loan documentation for approved loans through Loan Service Center Doc Team for portfolio loans or the Lenders for brokered out loans

Request funds on brokered out loans

Complete all required HMDA reporting information

Prepare and organize loan packages for submission to underwriters and provide administrative support to loan officers and underwriters as needed

Process Broker fee checks

Complete Notice of Action Taken form for declined, withdrawn or cancelled loan applications

Qualification

Encompass softwareAbrigo softwareLoan processing principlesFannie Mae guidelinesFreddie Mac guidelinesMathematical calculationMulti-taskingPC proficiencyCommunication skills