About this opportunity
Deerwood Bank lists this Processing & Disclosure Specialist opportunity in baxter, Minnesota. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Residential Real Estate Loan Processor And Disclosure Specialist
Deerwood Bank is a growing, privately-owned, community bank with 14 locations in Minnesota and is hiring a Residential Real Estate Loan Processor and Disclosure Specialist to work in its Baxter, Deerwood, Mendota Heights, or St Michael, MN branch. This position is responsible for timely and independent processing of real estate loan files. Responsible for preparing and delivering required disclosures accurately, timely, and within compliance of all applicable laws and regulations for all Mortgage and Home Equity loan products. Precise data entry of customer information. Daily collaborations with loan officers, underwriters, loan funders and servicing Team. This position demands extreme attention to detail with outstanding quality, excellent customer service, and adherence to all bank policies and procedures.
This position is required to work in the office. Remote work is not available.
Functions, Duties and Responsibilities:
Review and process loan documents, including FNMA (Fannie Mae) guidelines, contracts and disclosures to ensure accuracy and compliance with TILA regulations
Handle loan origination tasks such as inputting data into mortgage systems, verifying borrower information and preparing necessary documentation for underwriting
Collaborate with underwriters and loan officers to facilitate smooth processing workflows
Monitor the timing of the delivery of disclosures to ensure they are delivered within appropriate timeframes based on the method of delivery for all types of mortgage lending products based on the regulatory timing requirements and customer expectations
Ensure disclosures are compliant and accurate
Monitor rate lock and closing dates
Generate and distribute up front disclosure packages to applicants for signatures via regular mail, overnight delivery, email, or e-sign per the direction of the licensed loan originator
Ensure that the fees entered are appropriate for the program type and geographic area of the loan
Validate the compliance of change in circumstance scenarios and re-disclosures as well as review the calculated fees for each change in circumstance scenario
Generate and distribute preliminary Closing Disclosure to applicants for signatures as well as producing the closing documents
Upload Closing Disclosures for all secondary market loans to the Fannie Mae and Freddie Mac Loan Delivery System for the Uniform Closing Dataset (UCD) program
Ensure all transactions comply with federal regulations such as TILA and applicable banking standards while maintaining meticulous records for audit purposes
Adhere to HMDA regulations
Must stay current on all applicable product guidelines, processes, government regulations, and industry compliance best practices
Must build and maintain positive relationships with all customers, potential customers, co-workers, and investors
Meet crucial deadlines requested
Willingly perform all other duties and projects as assigned as well as providing back up to other positions within the Mortgage Department
Strong organizational skills with attention to detail to ensure error-free transactions handling.
Knowledge, Skills and Abilities:
2+ years of mortgage loan processing experience in a high-volume fast-paced environment REQUIRED.
Experience working with Encompass mortgage loan originations software strongly preferred.
Provide excellent customer service and work in a team environment
Ability to prioritize and make 'on-the-spot' decisions that impact the customer, weighing customer satisfaction with exposure to loss or fraud
In-depth knowledge of mortgage process
Effectively operate all office equipment required to support this position. To include but not limited to personal computer, strong keyboarding skills, fax, scanner/copier, printer, phone system, all applications, spreadsheets, database, and presentation software necessary
Strong interpersonal skills, attention to detail and positive attitude
Excellent oral and written communication skills. Display independent judgement.
Demonstrate excellent organization, prioritize workflow, adaptability, and flexibility
Ability to work in a fast-paced environment and be a quick thinker and learner while maintaining a high degree of accuracy
Work Schedule: Monday - Friday 8:00am - 5:00pm, with some flexibility on start or stop times.
Hiring Pay Rate: $25.00 - $30.00 per hour, depending on qualifications.
Benefits are available to employees working 30 or more hours per week on the first of the month following date of hire.
Medical insurance, including virtual telemedicine and mental health counseling
Health Savings Account
Flexible Spending Account (health, limited purpose health, and dependent care)
Dental insurance
Vision insurance
Life insurance (basic and voluntary)
Short-term disability insurance
Long-term disability insurance
Long-term care insurance
Adoption Assistance Program
Employee Assistance Program
PTO
Paid Volunteer Time Off
Paid holidays
401(k) with company match (eligible on the first of the month following 2 months of employment)
Financial wellness education
Free or reduced fees for banking products and services
Employee Referral Bonus
Worksite address
baxter, MN, 56425, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.