Deerwood Bank · 1 day ago
Processing & Disclosure Specialist
Baxter, MN, US
Full-time
Onsite
Entry, Mid Level
$25/hr - $31/hr
2+ years expDeerwood Bank is a growing, privately-owned community bank with 14 locations in Minnesota. They are seeking a Residential Real Estate Loan Processor and Disclosure Specialist responsible for processing real estate loan files and preparing required disclosures in compliance with applicable laws and regulations. The role involves collaboration with various teams to ensure accurate data entry and adherence to bank policies.
BankingFinancial Services
Responsibilities
Review and process loan documents, including FNMA (Fannie Mae) guidelines, contracts and disclosures to ensure accuracy and compliance with TILA regulations
Handle loan origination tasks such as inputting data into mortgage systems, verifying borrower information and preparing necessary documentation for underwriting
Collaborate with underwriters and loan officers to facilitate smooth processing workflows
Monitor the timing of the delivery of disclosures to ensure they are delivered within appropriate timeframes based on the method of delivery for all types of mortgage lending products based on the regulatory timing requirements and customer expectations
Ensure disclosures are compliant and accurate
Monitor rate lock and closing dates
Generate and distribute up front disclosure packages to applicants for signatures via regular mail, overnight delivery, email, or e-sign per the direction of the licensed loan originator
Ensure that the fees entered are appropriate for the program type and geographic area of the loan
Validate the compliance of change in circumstance scenarios and re-disclosures as well as review the calculated fees for each change in circumstance scenario
Generate and distribute preliminary Closing Disclosure to applicants for signatures as well as producing the closing documents
Upload Closing Disclosures for all secondary market loans to the Fannie Mae and Freddie Mac Loan Delivery System for the Uniform Closing Dataset (UCD) program
Ensure all transactions comply with federal regulations such as TILA and applicable banking standards while maintaining meticulous records for audit purposes
Adhere to HMDA regulations
Must stay current on all applicable product guidelines, processes, government regulations, and industry compliance best practices
Must build and maintain positive relationships with all customers, potential customers, co-workers, and investors
Meet crucial deadlines requested
Willingly perform all other duties and projects as assigned as well as providing back up to other positions within the Mortgage Department
Incumbent will be responsible for meeting the requirements for all statutes/regulations pertaining to or governing his/her position. These include TRID, HMDA, ECOA, Fair Housing and Fair Lending, among others
Qualification
Required
2+ years of mortgage experience in a high-volume fast-paced environment required
Provide excellent customer service and work in a team environment
Ability to prioritize and make ‘on-the-spot' decisions that impact the customer, weighing customer satisfaction with exposure to loss or fraud
In-depth knowledge of mortgage process
Effectively operate all office equipment required to support this position, which includes computer, fax, scanner/copier, printer, phone system
Proficient with Microsoft applications (i.e., Word, Excel, SharePoint, PowerPoint, Outlook, etc.)
Strong interpersonal skills, attention to detail and positive attitude
Excellent oral and written communication skills
Display independent judgement
Demonstrate excellent organization, prioritize workflow, adaptability, and flexibility
Ability to work in a fast-paced environment and be a quick thinker and learner while maintaining a high degree of accuracy
Strong organizational skills with attention to detail to ensure error-free transactions handling
Benefits
Medical insurance, including virtual telemedicine and mental health counseling
Health Savings Account
Flexible Spending Account (health, limited purpose health, and dependent care)
Dental insurance
Vision insurance
Life insurance (basic and voluntary)
Short-term disability insurance
Long-term disability insurance
Long-term care insurance
Adoption Assistance Program
Employee Assistance Program
PTO
Paid Volunteer Time Off
Paid holidays
401(k) with company match (eligible on the first of the month following 2 months of employment)
Financial wellness education
Free or reduced fees for banking products and services
Employee Referral Bonus
Company
Deerwood Bank
Deerwood Bank is a community-based bank.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Ohlin
President/CEO
Greg Breen
Chief Credit Officer
Recent News
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2025-08-07
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