BayCoast Bank · 19 hours ago
MORTGAGE LOAN PROCESSOR II
BayCoast Place, Swansea, MA, US
Full-time
Hybrid
Mid Level
$55K/yr - $70K/yr
3+ years expBayCoast Bank is seeking a Mortgage Loan Processor II to assist in the processing and closing of mortgage loans. This role involves managing a pipeline of mortgage loans, processing complex loan files, and ensuring regulatory compliance while providing excellent customer service.
BankingFinanceFinancial ServicesVenture Capital
Responsibilities
Maintain and manage a pipeline of mortgage loans to assure timely closings, customer satisfaction, regulatory compliance, and investor purchase
Setup of new mortgage files received from Loan Officers. Reviews, updates & inputs data into the mortgage loan origination system (LOS) and performs loan set up functions including ordering of credit reports, appraisals, flood determination, etc
Processes more complex files including FHA/VA/USDA, state bond agency and Jumbo loans
Maintains a working knowledge of FHA/VA/USDA, state bond agency and FNMA/FHLMC loan processing requirements
Reviews submitted loan files for accuracy and completeness. Prepares loan files for underwriting, completes required automated underwriting submissions (DU, LPA) and reviews findings, Uplinks mortgage loans and documentation into investor portals accurately and completely
Processes filing investor guidelines and maximizing customer satisfaction and BayCoast Mortgage pipeline management. Clears conditions working with loan officers, underwriters and investors
Prepares disclosures and processing documents as required in accordance with state and federal regulations
Verifies that approved conditions and findings documentation requirements are met, while working to meet all timelines for closing
Conducts verifications of loan and application information. Requests payoffs, credit updates, insurance binders and other
Requires excellent time management and communication skills used to interact with customers, attorneys, appraisers etc. to ensure expectations are met for a timely loan process and closing
Maintains a current registration with the Nationwide Multistate Licensing System (NMLS) if applicable
Assumes additional responsibilities as requested
Qualification
Required
Minimum of 3 years' experience in a mortgage or loan processing environment
General business knowledge and PC skills required
Strong communication and customer service skills required
Ability to work in a team environment to produce results under deadline commitments with a minimum of supervision
Maintains a current registration with the Nationwide Multistate Licensing System (NMLS) if applicable
Preferred
Bilingual: Spanish/Portuguese a plus
Company
BayCoast Bank
BayCoast Bank is a bank that provides banking services, insurance, and investment services in Massachusetts and Rhode Island.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Marie Pellegrino
Senior Vice President and CFO
Jim Wallace
Executive Vice President & Chief Operating Officer
Recent News
Providence Business News
2025-11-14
Providence Business News
2025-07-16
2025-06-16
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