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Title

Mortgage Loan Processor 

About the Organization We are people serving people. Established in 1849, Savings Bank of Danbury is a full-service community bank rooted in history and positioned for the future. We provide a full array of deposit, savings, and lending services for individuals and businesses. Through modern banking technology, our customers can access to their accounts and manage their money anytime, on the go. We are committed to employing highly-motivated people who value customer care, professionalism, and team success.  
EOE Statement Savings Bank of Danbury is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.  
Position Loan Processor  
Full-Time/Part-Time Full-Time  
Description

Summary: At Savings Bank of Danbury, the Mortgage Processor provides timely and accurate packaging of all loans originated by our loan officers. The primary duties for the Mortgage Processor include, compliance with all banking regulations and the policies and procedures, gather information and take each file from pre-approval to closing, input proper loan information into the system for processing, verify loan documents including income credit appraisal and title insurance ultimately preparing application for submittal to underwriting, review file documentation and make sure all items needed are requested, order and coordinate loan documents, meet crucial deadlines requested, and communicate with customers and originators as needed.

Key Responsibilities:

Review Mortgage Applications

  • Issue appropriate disclosures within set time frame of application
  • Review initial loan package and work with borrower to gather appropriate documentation
  • Verify that all supporting documents are included; if additional information is needed contact applicant
  • Collect all required documentation for the loan package; order appraisal, flood, etc.
  • Follow up minimally within set intervals

Loan Process

  • Manage a pipeline of at least 45 loans without a depreciation in service
  • Act as the primary interface with applicants updating them on loan statuses
  • Work with applicant to obtain closing conditions, and provide a seamless and efficient lending experience
  • Create a loan submission package for Underwriter; submit files to assigned Underwriter
  • Complete withdrawal and denial procedures per Bank policy

Decision Making/Compensating Factors

  • Update internal systems with accuracy; detailing all conversations with borrowers
  • Timely follow-up to make certain mortgage contingency dates and mortgage closing dates are met per sales contract
  • Satisfy all conditions when loan file is received from Underwriter
  • Notify Originators of loan decisions with an explanation of any modifications if additional information is needed?

Educational and experience requirements include:

  • High School or GED required 5+ years in mortgage banking industry
  • Ability to communicate effectively in person, over the telephone and through written correspondence
  • Ability to analyze complex mortgage documentation
  • Knowledge of Government Loans (CHFA, VA)
  • Demonstrated knowledge of loan products and mortgage policies and procedures
  • Strong listening skills Strong computer and electronic skills
  • Ability to use banking software Strong analytical and thinking abilities
 
Position Requirements

EDUCATION AND EXPERIENCE:

  • High school diploma or equivalent. 
  • Two to four years of loan processing or bank operations experience
  • Must be detail oriented and demonstrate strong organizational and customer service skills
  • Ability to read and interpret documents such as credit reports, debt to income ratio reports, policy and procedure manuals and regulations
  • Able to use various types of office equipment; must be computer literate
 
Hours Per Week None Specified 


This position is currently not accepting applications.

To search for an open position, please go to http://SavingsBankofDanbury.appone.com



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