Oak Bank · 1 day ago
Mortgage Loan Specialist (Underwriter/Processor/Closer)
Fitchburg, WI
Full-time
Onsite
Mid Level
3+ years expOak Bank is seeking a Mortgage Loan Specialist to lead processing in residential mortgage loans. This role involves underwriting, loan processing, and ensuring compliance with regulations while maintaining professional relationships with clients and vendors.
BankingFinancial ServicesMortgageVenture Capital
Responsibilities
Responsible for all aspects of residential mortgage (including in-house and secondary market) and construction loan processing by completing underwriting, applicable paperwork, inputting loans, and verifying documents
Maintains processing knowledge of residential mortgage loan programs including but not limited to Fannie Mae (FNMA) and portfolio loans
Requests and reviews supporting documentation such as appraisals, flood determinations, title work, insurance and any other required items as deemed necessary for each loan
Conducts necessary searches including but not limited to credit bureau reports, verification of employment and deposit accounts
Performs post-closing duties including perfecting collateral, disbursing loan proceeds, handling invoices and completing compliance checks
Establishes and maintains loan accounts on the Bank’s core system (FISERV Premier)
Maintains the systems used to process mortgage loans, including participation in upgrade project teams, and regularly reviews workflows and procedures to ensure efficiencies
Assists with selling secondary market loans
Prepares and/or reviews residential mortgage loan denials
Demonstrates attention to detail in producing all loan documents and maintaining accurate loan files
Maintains professional relationships with internal and external clients as well as third party vendors
Maintains awareness of legal requirements and best practices, adhering to established bank policies and procedures to mitigate risk
Qualification
Required
Residential mortgage underwriting, processing, closing or documentation work experience required
Knowledge of regulations and best practices relevant to residential loans to ensure compliance and mitigate risk
Experience with Microsoft Word, Excel and Adobe Acrobat Standard
Excellent verbal and written communication skills
Good problem-solving skills using experience, knowledge and policies and procedures provided
Ability to meet deadlines and prioritize work while working independently
Demonstrated attention to detail to ensure accuracy and detect discrepancies for follow-up
Able to collaborate as part of an overall team, supporting others throughout the bank to achieve goals and objectives
Preferred
3-5 years of residential mortgage experience preferred
Knowledge of FISERV Premier, Finastra Mortgagebot LOS, and other mortgage loan processing systems such as Desktop Underwriter (DU) preferred
Company
Oak Bank
Oak Bank is a bank offering financial services, commercial lending, mortgage lending, electronic banking services, and investments services.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase