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Liberty Bank - CT · 11 hours ago

Loan Officer Assistant

Middletown, CT

Full-time

Onsite

Senior Level

5+ years exp

Liberty Bank is committed to maximizing its impact and investing in its teammates. The Loan Officer Assistant is responsible for supporting loan originators by managing loan applications, communicating with borrowers, and ensuring the quality of loan files submitted to underwriting.

BankingFinancial Services

Responsibilities

Effectively manage a pipeline of 35 to 40 loans with focus on critical dates and file completeness

Responsible for completing loan applications by working with borrowers and loan originators

Responsible for ensuring that all loan documentation relative to the submission of an application is complete, accurate, with information received, reviewed, and verified, including updated income, assets and liabilities, contracts, and update application accordingly

Manage all loan applications for subordinate liens (i.e. HDF, HH, HOP, LCI, FHLB, etc.) with direct contact with agencies ensuring files meet each agency requirements

Run AUS system and match findings to Loan Operating System ensuring accuracy of information submitted

Order appraisal and applicable PDR/Inspections as needed

Issue commitment approval package and attorney notifications

Communicate all loan approvals to Liberty Bank assigned Attorney

Understanding of Liberty Bank products, policies, procedures, and secondary market guidelines to ensure files submitted are complete

Frequently interact with third parties such as realtors, attorneys, and builders to facilitate the exchange of information for a seamless application and closing process for borrowers

Act as a Liaison between customer and underwriting to facilitate a submission to underwriting for final approval

Responsible to redisclose all loans as required within regulatory required timelines

Monitor APR for accuracy and redisclose as required

Generate, deliver, and work with Borrower and vendor on all CHFA and Condominium specific requirements

Identify problem situations and act proactively to resolve

Update Loan Originators on the status of all pending and approved loans on an as needed basis

Contact Loan Officers and Borrowers with loan approvals and conditions

Communicate directly with the applicants beginning with initial application contact, throughout the process including loan approval, discuss and review outstanding loan conditions and continue contact to ensure all conditions have been received to facilitate a clear to close

Review Commitment Expiration, Appraisals Outstanding and Rate Lock Reports on a daily basis

Communicate expiration dates to borrowers and Loan Originator’s and request rate lock extensions or exceptions for all approved loans as needed

Assist customers in clearing conditions and validate all documents submitted

Assist construction customers with permits and/or builder requirements

Review all Mortgage Insurance certificates for proper coverage and rates

Generate a “Clear to Close” form and communicate with Borrower to meet regulatory guidelines for signature and receipt

Provides consistent level of high-quality customer service to customers and internal partners

Perform any additional duties/activities assigned by management

Assure compliance with Liberty Bank policies and procedures

Review and understand various reporting from internal and external sources

Adheres to applicable federal and state regulations and Bank policies and procedures, including OFAC, BSA, PATRIOT Act, Privacy, and consumer protection regulations

Will need to be registered with the National Mortgage Licensing System (NMLS) Anyone who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain must register with the NMLS as a Mortgage Loan Officer (MLO). To be registered, the MLO must pass a background check. Failure to comply with registration and annual registration or not pass a criminal background check administered by NMLS may result in termination

Maintain effective working relationships with Loan Originators, Loan Advisors, Closers and all fulfillment staff

Perform any additional duties/activities assigned by management

Communicate regularly with internal partners and external vendors

Qualification

Mortgage lending knowledgeLoan processing experienceAUS system proficiencyCustomer service skillsOrganizational skillsCommunication skillsTime management skillsTeamworkAdaptability