Magnolia State Bank · 2 days ago
Mortgage Loan Processor
United States
Full-time
Remote
Entry Level
1+ years expMagnolia Bank is a community bank that has served the surrounding area for over 100 years. They are currently seeking a Mortgage Loan Processor to maintain communication with various stakeholders, organize loan files, and ensure compliance with federal regulations.
BankingFinancial Services
Responsibilities
Maintaining open communication with loan officers, attorneys, insurance agencies, etc. to ensure proper and timely processing of mortgage files
Ordering preliminary title and appraisal reports
Requesting borrower information needed for underwriter evaluation
Organizing information for loan files and ensure information is in the correct order for underwriters
Tracking the progress of each loan in process and obtain any addition information needed for underwriter evaluation
Complying with all Federal regulations concerning secondary market mortgage lending
Qualification
Required
High school diploma or GED
Working knowledge of Microsoft Word, Excel, and email software
Use of the Internet
One year of banking experience, including loan processing or loan operations and customer service
Knowledge in bank's secondary market policies and procedures
Knowledge in other bank policies and procedures as they apply to the secondary market lending function
Knowledge in loan platforms utilized by the secondary market department
Experience using Encompass
Knowledge in federal regulations concerning secondary market mortgage lending
Knowledge in investors' guidelines
Company
Magnolia State Bank
Since its inception, the bank's primary mission has been to serve the banking needs of the people in the counties and surrounding communities where Magnolia State Bank is located and this continues to be the primary driving force behind the bank today.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase