NBT Bank · 1 day ago
Loan Processing Specialist
Glens Falls, New York
Full-time
Onsite
Entry Level
$20.10/hr - $26.79/hr
2+ years expNBT Bank is a financial institution seeking a Loan Processing Specialist to prepare home equity and mortgage loan requests for underwriting. The role involves ordering third-party services, verifying data accuracy, and working with borrowers and loan officers to ensure timely processing of loan applications.
BankingFinancial Services
No H1B
Responsibilities
Prepare and ensures the accuracy and timely delivery of all customer correspondence, including but not limited to: disclosures, incomplete letters, commitment letters, counter-offer letters, declination notices, and other correspondence in accordance with policy, procedure and applicable regulation. Orders and tracks the receipt of third-party services and documentation within established departmental service levels. Continuously updates the loan origination system as information and documentation is received. Responsible for referring loan to underwriter if any received information or documentation substantially impacts the underwriting decision. Performs preliminary review of third-party reports and documentation as received; prepare for submission to the underwriter for final review and approval
Proactively monitors pipeline reports to achieve established turnaround time and customer service level metrics. Monitors all loan requests to assure loan reservations, rate locks and decisions have been completed within applicable timeframes and in conjunction with bank, investor or insurer guidelines. Assists in other areas of department when necessary
Review loan application requests in conformance with bank, investor and/or insurer guidelines. Obtain and track all required documentation to assure individual and departmental service levels are being met, update loan origination system with statuses. Verifies income, assets, credit history and other relevant data through supporting documentation. Assures that these items meet the appropriate bank, investor and/or insurer guidelines. Submits the loan file through the appropriate automated underwriting system. Assures the integrity of the automated decision by comparing the loan file and supporting documentation data with the system data for accuracy. Updates the loan origination system with any changed circumstances and resubmits the loan through the automated underwriting system, as applicable
Provides excellent customer service by responding to external and internal customer inquiries in a timely and courteous manner. Answer questions that pertain to policy, procedure, and workflows. Maintain workloads within established departmental objectives. Keep the Home Lending Processing and Underwriting Team Leader aware of any issues. Maintains a positive attitude and works as a team player with management, co-workers, and others
Other duties as assigned
Qualification
Required
2 years of banking or lending experience
2 year Business Degree or equivalent education and experience
Completion of real estate lending introductory class(es) to include the basic understanding of home lending
Analytical and problem-solving skills
Ability to multi-task on numerous responsibilities simultaneously
Strong computer proficiency – i.e. Microsoft Word, Excel and the Internet
Strong communication skills (written and oral)
Strong customer service skills
Strong organization skills
Specific training required includes one (1) to two (2) self-employed income analysis, appraisal review, and processing training courses be completed
NMLS Certification required or ability to obtain upon hire
Preferred
Familiarity with credit reports, appraisal review and income and asset calculations
Benefits
Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.
Parental Leave: Six weeks of paid leave at 100% of your salary.
Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
Dental and Vision Coverage: Ensuring your overall health and well-being.
Flexible Spending Accounts: For healthcare and dependent care expenses.
Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.
Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary Benefits: Including hospital, accident, and critical illness coverage.
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
Adoption Assistance: Supporting your growing family.
Tuition Reimbursement: Invest in your education and career growth.
Employee Assistance Program (EAP): Access to support and resources.
Pet Insurance: For all your furry friends.
Financial and Banking Services: Various banking services benefits and financial planning assistance.
Company
NBT Bank
NBT Bank, N.A. is a financial institution
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Scott Kingsley
EVP & CFO
Amy Hurta
SVP, Director of Operations and Chief Diversity & Inclusion Officer
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