About this opportunity
Institution for Savings lists this Loan Processor opportunity in newburyport, Massachusetts. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Loan Processor – Residential LendingThe Institution for Savings is seeking a full-time, in-office Loan Processor. The ideal candidate should be detail-oriented and highly organized to support the mortgage lending team. This role is responsible for managing residential loan files from application to closing, ensuring accuracy, compliance and timely communication with all parties involved.Key Responsibilities:Verifies application data is complete and satisfies the requirement of the Bank's residential lending policyWorks closely with loan originators to make sure that all required documents are received and initiates customer contact to follow up on missing documentsRecords the receipt of all loan documents in the Bank's LPSPrepares all closed-end and open-end loan disclosures within regulatory timelines for loans secured by 1 to 4 family residence properties and delivers disclosures to applicants through a variety of channels including mail, electronic means and in personOrders and reviews credit reports and flood determination certificatesSubmits request to the appraisal department and monitors receipt of reportsVerifies all documents are authentic and accurate and documents underwriting comments to the loan filePrepares loan commitment letters for loan originator's signature and deliver to the borrowers via mail, electronic means or in personWorks with loan originators to satisfy any outstanding loan conditionsReviews loan file for HMDA compliance and update LPS as neededNotifies loan closing representative that the file is ready for closing once all conditions have been satisfiedQualifications:Bachelor's degree or one to two years related experience and/or training; or an equivalent combination of education and experienceKnowledge of residential mortgage products and guidelinesFamiliar with loan origination systems and document management toolsExcellent attention to detail and organizational skillsStrong written and verbal communication skillsAbility to work independently and as part of a teamThe salary range posted is one component of the Bank's compensation package. The Bank offers an excellent benefits package including 100% paid medical, dental and vision insurance, 401(k) match up to 10%, life insurance, pet insurance, disability insurance, pension plan after 2 years of service, quarterly incentive plan, generous vacation and paid time off.Salary Range: $53,500.00-$60,000.00The Institution for Savings is an Equal Opportunity Employer. Member of FDIC. Member DIF
Worksite address
newburyport, MA, 01950, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.