Andover State Bank
Job Type
Full-time
Description
Let's face it, what sets ASB apart from other banks is our people. At Andover State Bank, we are defined by our impeccable customer service and sense of community because we are the community. As a local bank, we consider employees and customers alike as family and treat each other as such. Going above and beyond is no longer just a saying; it's a way of life here at Andover State Bank.
Andover State Bank is looking for a Senior Mortgage Loan Processor to join our team.
Successful candidates will have a strong understanding of mortgage loan operations, underwriting, policies, guidelines and procedures. The duties of a Senior Mortgage Loan Processor include, but are not limited to the following:
• Ensure that all loan documentation is accurately complete and verified in a timely manner. The loan must comply with company policies, loan product terms and program guidelines;
• Input accurate loan information into the system for processing;
• Provide support to Mortgage Loan Originators by ordering and coordinating underwriting requirements and loan documents;
• Verify loan documents including income, credit, appraisal and title insurance for submission to Underwriting;
• Manage appraisal, title, mortgage insurance and flood insurance vendor relationships to ensure timely receipt of vendor work to meet purchase contract dates and predetermined closing dates;
• Communicate with customers to obtain additional documentation for the file, in order to complete underwriting requirements and Fannie Mae guidelines;
• Communicate loan status with mortgage borrowers, realtors, builders, bank associates and other participants in the mortgage process;
• Prepare Notice of Action Taken/Statement of Denials for files;
• Maintain knowledge of rules, policies and procedures for all loan types and investor guidelines;
• Maintain knowledge of all regulations, such as TRID, OFAC, Privacy Act, Reg Z, Reg X, ECOA and any new regulations affecting mortgage loan applications;
• Follow and maintain knowledge of Fannie Mae guidelines;
• Prepare final documents for loan closings;
• Ship final documents to investors;
• Fund loans and transfer servicing by required deadlines.
This position requires the individual to provide detailed information on mortgage loans; therefore, National Mortgage Licensing System (NMLS) registration is required. If the individual is not currently registered, they will need to pass the applicable background screening to be registered.
Requirements
Education, Knowledge and Skills
High School Graduate or GED
Minimum of 4 years processing experience
Knowledge of Fannie Mae, FHA, VA and USDA programs, preferred
Ability to analyze personal and business tax returns, as required
Ability to analyze appraisals and title commitments, as required
Ability to work in a fast-paced and detail-oriented work environment
Strong analytical and problem-solving skills
Strong oral and written communication skills
Team Player: Works well with co-workers
Detail-Oriented: Capable of carrying out a given task with all details necessary to get the task completed
Dedicated: Devoted to a task or purpose with loyalty or integrity
Self-Starter: Inspired to perform without outside help
Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
Preferred qualifications:
7 or more years of processing experience Experience with Encompass mortgage software Experience with the administrative role within Encompass
Full-time
Description
Let's face it, what sets ASB apart from other banks is our people. At Andover State Bank, we are defined by our impeccable customer service and sense of community because we are the community. As a local bank, we consider employees and customers alike as family and treat each other as such. Going above and beyond is no longer just a saying; it's a way of life here at Andover State Bank.
Andover State Bank is looking for a Senior Mortgage Loan Processor to join our team.
Successful candidates will have a strong understanding of mortgage loan operations, underwriting, policies, guidelines and procedures. The duties of a Senior Mortgage Loan Processor include, but are not limited to the following:
• Ensure that all loan documentation is accurately complete and verified in a timely manner. The loan must comply with company policies, loan product terms and program guidelines;
• Input accurate loan information into the system for processing;
• Provide support to Mortgage Loan Originators by ordering and coordinating underwriting requirements and loan documents;
• Verify loan documents including income, credit, appraisal and title insurance for submission to Underwriting;
• Manage appraisal, title, mortgage insurance and flood insurance vendor relationships to ensure timely receipt of vendor work to meet purchase contract dates and predetermined closing dates;
• Communicate with customers to obtain additional documentation for the file, in order to complete underwriting requirements and Fannie Mae guidelines;
• Communicate loan status with mortgage borrowers, realtors, builders, bank associates and other participants in the mortgage process;
• Prepare Notice of Action Taken/Statement of Denials for files;
• Maintain knowledge of rules, policies and procedures for all loan types and investor guidelines;
• Maintain knowledge of all regulations, such as TRID, OFAC, Privacy Act, Reg Z, Reg X, ECOA and any new regulations affecting mortgage loan applications;
• Follow and maintain knowledge of Fannie Mae guidelines;
• Prepare final documents for loan closings;
• Ship final documents to investors;
• Fund loans and transfer servicing by required deadlines.
This position requires the individual to provide detailed information on mortgage loans; therefore, National Mortgage Licensing System (NMLS) registration is required. If the individual is not currently registered, they will need to pass the applicable background screening to be registered.
Requirements
Education, Knowledge and Skills
High School Graduate or GED
Minimum of 4 years processing experience
Knowledge of Fannie Mae, FHA, VA and USDA programs, preferred
Ability to analyze personal and business tax returns, as required
Ability to analyze appraisals and title commitments, as required
Ability to work in a fast-paced and detail-oriented work environment
Strong analytical and problem-solving skills
Strong oral and written communication skills
Team Player: Works well with co-workers
Detail-Oriented: Capable of carrying out a given task with all details necessary to get the task completed
Dedicated: Devoted to a task or purpose with loyalty or integrity
Self-Starter: Inspired to perform without outside help
Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization
Preferred qualifications:
7 or more years of processing experience Experience with Encompass mortgage software Experience with the administrative role within Encompass