Hills Bank and Trust Company · 22 hours ago
Mortgage Processor 1
Coralville,IA,US
Full-time
Onsite
Entry Level
1+ years expHills Bank and Trust Company is seeking a Mortgage Processor 1 who will be responsible for obtaining, reviewing, and submitting documentation for mortgage loan requests. The role requires strong organizational skills and the ability to communicate effectively with various stakeholders while ensuring compliance with regulatory policies.
Financial ServicesReal EstateVenture Capital
Responsibilities
Develops the ability to work independently and is able to prioritize workload, follow up regularly by phone/email, to meet all contingency and closing deadlines
Prepares and submits a complete loan file to underwriting for loan approval:
Acquires knowledge of Fannie Mae, investor, or in-house guidelines
Collects all required documentation for the loan and verifies accuracy between the documentation provided and information documented in Encompass. Investigates inconsistencies and corrects data entry errors
Organizes documents in Encompass
Resubmits file to Automated Underwriting Systems
Follows up and satisfies all conditions on the Approval Notice
Prepares approved file for submission to closing team:
Requests all payoffs, including but not limited to mortgages, credit cards, and auto loans
Requests homeowners insurance and reviews for accuracy in coverage amounts, mortgagee clause, effective dates, etc
Requests verbal verifications of employment for all borrowers
Orders and reviews all Risk Assessment/LLR for new debt and resolves issues that may arise
Prepares and deliver financing release letter by the contingency date. Coordinates with lender if an extension is required
Takes initiative, is resourceful and works to obtain proper information/documentation needed
Must take ownership and accountability in seeing that all loans are processed in an efficient, accurate and professional manner with some assistance from manager
Provides superior customer service while building and maintaining relationships with lenders, borrowers, realtors, third party vendors, and operational staff
Assure that all customer files are complete and in compliance with regulatory agencies and internal policies
Attend job related seminars, conferences and workshops to increase knowledge and proficiency
Perform other duties as assigned
Assists with resolving secondary market suspensions by following up on missing documentation in the file
Works with supervisor, lender, other departments, investors and auditors during routine exams and audits to compile the information necessary to satisfy the investor and auditor requests
Qualification
Required
Basic to moderate understanding of procedures and policy for secondary market and Hills Bank loan programs
Organized and highly detail oriented
Excellent time management skills
Ability to effectively communicate with others
High level of customer service
Ability to work independently and prioritize workload
Ability to follow up regularly by phone/email to meet all contingency and closing deadlines
Ability to prepare and submit a complete loan file to underwriting for loan approval
Ability to collect all required documentation for the loan and verify accuracy
Ability to organize documents in Encompass
Ability to resubmit file to Automated Underwriting Systems
Ability to follow up and satisfy all conditions on the Approval Notice
Ability to prepare approved file for submission to closing team
Ability to request all payoffs and homeowners insurance
Ability to request verbal verifications of employment for all borrowers
Ability to order and review all Risk Assessment/LLR for new debt
Ability to prepare and deliver financing release letter by the contingency date
Ability to take initiative and be resourceful
Ownership and accountability in processing loans efficiently, accurately, and professionally
Ability to assure that all customer files are complete and in compliance with regulatory agencies and internal policies
Ability to attend job related seminars, conferences, and workshops
Ability to assist with resolving secondary market suspensions
Ability to work with supervisor, lender, other departments, investors, and auditors
Preferred
An Associate's degree in a related field of study
One to two years' experience in mortgage loan processing
Benefits
Comprehensive and competitive benefits package
Company
Hills Bank and Trust Company
Hills Bank and Trust Company is a banking firm that offers banking, real estate lending, and notary services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Lisa Shileny
President and Chief Executive Officer
Recent News
Corridor Business Journal
2024-10-17
Company data provided by crunchbase