OTHER

FEED

UNKNOWN

Closes approved loans; completes all necessary loan documents to close the file; and prepares payroll designation and all other related documents to bring to completion. Professional and pleasant interpersonal and communication skills are essential for servicing Credit Union members and projecting a positive image as representative for the Credit Union.

*This is not a remote position *Primary Function:Under the supervision of the Department Manager, processes consumer loans on a timely and accurate basis and provides a consistently high level of quality service to members and potential members in the lending process. Prepares, analyzes, processes, and documents all required forms and documentation for consumer loan products. Provides member and departmental support for all aspects of consumer loan and consumer loan servicing within the Credit Union. Handles all member transactions with complete discretion and confidentiality. This is a Mid-Level position.Essential Duties and Responsibilities:<ol><li style="text-align:left">Coordinates with consumer loan applicants in person, by phone and/or electronically and assists member in providing information, answering questions, and completing loan application.</li><li style="text-align:left">Ensures that all members and potential members feel welcomed to the Credit Union and are supported professionally in the process.</li><li style="text-align:left">Requests and reviews all required information and documentation to secure a consumer loan and researches discrepancies.</li><li style="text-align:left">Interviews and originates potential consumer loan applicants for approval and/or denial.</li><li style="text-align:left">Answers questions for members throughout the process. Explains the loan process to include loan options, insurance required on Credit Union loan products, loan policies, interest rates, payoffs, etc.</li><li style="text-align:left">Prepares credit investigation and verification for related applications.</li><li style="text-align:left">Verifies contents and completion of approved loan folders and inputs on the computer system.</li><li style="text-align:left">Maintains a filling system and procedures to monitor that the required documentation is received in a timely manner and maintained appropriately and according to policies and procedures.</li><li style="text-align:left">Closes approved loans; completes all necessary loan documents to close the file; and prepares payroll designation and all other related documents to bring to completion.</li><li style="text-align:left">Processes daily mail payments for consumer loans, when assigned.</li><li style="text-align:left">Informs members of Credit Union products and services, explaining features and benefits; cross-sells products and services when appropriate and within scope of responsibility.</li><li style="text-align:left">Functions as needed to positions within the Loan Origination/Servicing Department as required.</li><li style="text-align:left">Cross-trains and performs all positions within the Loan Department.</li><li style="text-align:left">Responsible to maintain and control lending file folders.</li><li style="text-align:left">Coordinates documentation and maintains up-to-date files.</li><li style="text-align:left">Provides backup support for Lending Reception desk and related department mailings.</li><li style="text-align:left">Attends training sessions upon request.</li><li style="text-align:left">Adheres to the anti-money laundering policy and the Bank Secrecy laws.</li><li style="text-align:left">Assumes other duties as new products, services, or technology are introduced.</li></ol>Note: The above is a description of the ordinary and essential duties of the position. Other duties both related and unrelated to the above may be assigned and therefore required.Knowledge, Skills, and Experience Required:<ol><li style="text-align:left">Professional and pleasant interpersonal and communication skills are essential for servicing Credit Union members and projecting a positive image as representative for the Credit Union.</li><li style="text-align:left">General knowledge of all Credit Union products and services as well as credit procedures (required).</li><li style="text-align:left">Requires education equivalent to a four-year high school education. Proficiency with computer software applications including Word and system applications is required.</li><li style="text-align:left"> Two years of experience in a bank, Credit Union, or mortgage company (required).</li><li style="text-align:left">Position requires the ability to read and understand oral and written instructions. Requires the ability to effectively communicate with members or employees and to solve day-to-day problems involving several variables in standard situations.</li><li style="text-align:left">Intermediate mathematical skill required (adding, subtracting, multiplying, dividing, percentages, interest).</li></ol> Disclaimer:The above information on this position has been designed to indicate the general nature and level of work performed by employees within its classification. It is not designated to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Job Posted by ApplicantPro

Mass Bay Credit Union

Consumer Loan Processor

Bank Secrecy

Banking Regulations

Banking Services

Communication Skills

Computer Systems

Consumer Loans

Credit Union

Cross-Selling

Documentation

Insurance

Interest Rates

Interpersonal Skills

Loan Approval

Loan Closing

Loan Origination

Loan Policy

Loan Processing

Loan Servicing

Loans

Mail Processing

Mathematics

Money Laundering

Mortgage

Systems Maintenance

Time Management

Talent Acquisition

The Mortgage Processor/Closer’s primary duties consist of interacting with applicants, attorneys and underwriters to process loan documentation, including: disclosures and commitment letters, calculating debt position and loan to value, preparing loan closing documents and performing post-closing review in accordance with FNMA/FHLMC guidelines. Ability to read, analyze, and interpret financial reports, procedures, legal documents and external regulations; Intermediate math skills (adding, subtracting, multiplying, dividing, percentages, proportions, fractions, interest) are required.

Think of us as a 100-year-old startup. As one of the oldest and most highly capitalized credit unions in the U.S., Liberty Bay Credit Union is arguably the best-kept secret in the financial space. We combine a century of New England stability with a fresh, high-energy purpose: to fuel the earning potential and personal ambitions of our hardworking members. We believe that advocacy, expertise, and honest guidance should be accessible to everyone. Based in Braintree, we are a member-owned, non-profit cooperative dedicated to providing world-class financial services to individuals and business members.Our mortgage lending department is responsible for originating, processing, underwriting, and servicing mortgage loans. The Mortgage Processor/Closer’s primary duties consist of interacting with applicants, attorneys and underwriters to process loan documentation, including: disclosures and commitment letters, calculating debt position and loan to value, preparing loan closing documents and performing post-closing review in accordance with FNMA/FHLMC guidelines. Responsibilities<ul><li>Process loans from origination to close in compliance with established regulations and guidelines.</li><li>Assist members with the loan application process and promote the Credit Union’s products.  </li><li>Provide administrative assistance to the loan originator and staff</li><li>Calculate closing costs, including mortgage insurance and escrow accounts, and provide a loan estimate for closing costs to the member.  Interact with attorneys on loan closings by providing necessary information, coordinate disbursements, make arrangements for loan closings, and verify all documentation.</li><li>Order and verify credit report, flood, real estate appraisal and title work to ensure proper guidelines are followed.</li><li>Ensure all loan notifications, commitment letters, disclosures and re-disclosures are complete, accurate and distributed to applicants as required. Ensure all conditions are met prior to closing.</li><li>Maintains a closing and funding schedule to ensure all transactions are properly disbursed in accordance with established timeframes.</li><li>Maintains up-to-date knowledge of all applicable LBCU, Secondary Market, State and federal laws, regulations, policies, procedures and guidelines.</li><li>Have a sense of urgency and professionalism in all aspects of the position.</li></ul>Requirements<ul><li>A minimum of  3-years experience in a mortgage processing and/or servicing environment (or equivalent) </li></ul><ul><li>An Associate’s Degree in Business Administration, Accounting, (or equivalent education/experience)</li><li>Proficiency with computer software applications is required</li><li>Professional, well-developed interpersonal and communication skills are essential. </li><li>Ability to respond professionally to varied inquiries from members; ability to influence subordinates; and ability to effectively communicate and present information to a wide range of audiences including senior management. </li><li>Thorough knowledge of all credit union products, services, and procedures; external State and Federal rules and regulations for lending and credit. </li><li>Ability to read, analyze, and interpret financial reports, procedures, legal documents and external regulations;    </li><li>Intermediate math skills (adding, subtracting, multiplying, dividing, percentages, proportions, fractions, interest) are required.</li></ul>BenefitsWe offer an extremely generous benefits package:<ul><li>Health care plan (Employer paid)</li><li>Retirement plan (401k)</li><li>Life Insurance</li><li>Paid Time Off (vacation, sick, holidays)</li><li>Family Leave (maternity, paternity)</li><li>Short Term & Long Term Disability</li><li>Training & Development</li><li>Wellness Resources</li></ul>

Liberty Bay Credit Union

Mortgage Processor and Closer

Accounting

Administrative Skills

Business Administration

Closing Costs

Cost Estimates

Credit Reports

Disbursements

Escrow

Federal Laws and Regulations

Financial Analysis

Financial Procedures

Financial Reporting

Financial Services

Funding

Legal Documents

Loan Regulations

Mortgage Insurance

Mortgage Servicing

Nonprofit

Property Title

Real Estate Appraisals

Regulations

Regulatory Compliance

Sales Closing Skills

Secondary Markets

State Laws and Regulations

Workable

FULL_TIME

HOUR

From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

SUMMARY/OBJECTIVE: The Residential Loan Servicing Representative performs a variety of activities in conformance with established bank policies, procedures and objectives while providing the highest level of service and responsiveness to customers and co-workers. ESSENTIAL FUNCTIONS:<ul><li>Sets up new residential mortgage, construction mortgage and equity lines of credit into core processing system promptly after closing & funding.  </li><li>Reviews new loans booked by other staff members for accuracy and completeness.</li><li>Maintains a log of incomplete or missing documents and follows-up with the Attorneys’ office and/or branch personnel to clear up the issue.</li><li>Organizes new loan file for scanning and filing.</li><li>Performs general ledger reconciliations daily and monthly for assigned accounts.</li><li>Responds to verbal & written requests for loan payoffs from attorneys and customers. </li><li>Processes payments and payoffs daily, completes required general ledger tickets under dual control and produces balance sheet at end of day.</li><li>Receives daily hazard insurance mail and reviews the daily and weekly reports provided by our vendor for ongoing tracking. </li><li>Maintains report for Residential loans with flood insurance, ensures that coverage is adequate and in force for the life of the loan.</li><li>Responsible for the timely payments of real estate taxes for both Residential & Commercial loans. Works closely with Tax Service to maintain current data on their system and ours. </li><li>Assists with reviewing the periodic escrow disclosure notices and handles customer calls on the annual escrow analysis results.</li><li>Processes re-amortization schedules, as a result of substantial principal curtailments.</li><li>Works with the vendor to force place hazard or flood insurance when needed. </li><li>Responsible for the payment of PMI premiums, escrowed hazard & flood insurance premiums to the third-party vendor.</li><li>Monitors and maintains monthly rate changes for Adjustable Rate Mortgages.  Sends notices to borrowers and responds to customer inquiries.</li><li>Prepares regular and confirmatory mortgage discharges and related correspondence for paid loans to attorneys and/or borrowers.</li><li>Performs monetary and non-monetary maintenance on covered loans under dual control.</li><li>Performs any function within scope of authority and expertise to support department goals, as assigned by the manager.</li><li>Handles a variety of internal and external residential loan servicing calls.</li><li>Receives incoming wires for loans purchased and prepares a funding sheet for manager’s approval. Processes loan transfer transactions on Core Processor, on MERS and on People Soft. Ensures that the Transfer of Servicing letters are mailed to Borrowers.</li><li>Prepares outgoing wires for Investor remittances, funding of new loans and payment of real estate taxes via CoreLogic.   </li><li>May serve as the Receptionist for the Residential Lending area.</li></ul>JOB QUALIFICATIONS:<ul><li>Familiarity with investor reporting experience is preferred. </li><li>1-3 years of experience in Residential Lending preferred.</li><li>Associates degree or equivalent relevant work experience.</li><li>Must be detailed, organized and customer service oriented.</li><li>Should possess intermediate technology skills, including knowledge of Word & Excel, and working with a core processor.</li><li>Team player with a positive attitude.</li></ul>The hourly rate range for the Residential Loan Servicing Representative is $26.50 - $28.85 per hour.About Northern Bank & Trust CompanyNorthern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).Powered by JazzHR

Northern Bank

Residential Loan Servicing Representative

Analysis Skills

Balance Sheet

Business Growth

Commercial Loans

Credit Processing

Credit and Collections

Customer Support/Service

Entrepreneurship

Financial Support

General Ledger Accounting

Loan Funding

Loan Payoffs

Loan Review

Microsoft Excel

Microsoft Word

Organizational Skills

Peoplesoft

Policy Development

Procedure Development

Property Tax

Reconciliation

Reporting Skills

Residential Construction

Residential Mortgages

Team Player

Transaction Processing/Management

partner JazzHR

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