First Federal Savings Bank
  • 01-May-2018 to 30-Jun-2018 (MST)
  • Loan Processing
  • Twin Falls, ID, USA
  • Base + Commission
  • Full Time

Full Benefits Package Available


Job Summary

Gather, assemble, and verify loan documentation for accuracy and enter loan data into the loan origination system with appropriate updating in order that an underwriter can make an accurate approval decision. Prepare all applicable loan documents for closing. Coordinate loan closing appointment and issue loan funds.

Essential Duties and Responsibilities

  • Verify loan application information provided is complete and complies with lending standards.
  • Maintain regular communication with third parties; appraisers, settlement agents, insurance, credit bureaus and secondary market representatives regarding loan approvals, conditions and follow up.
  • Ensures that all conditions required by underwriting are in the file prior to borrowers closing.
  • Check that the loan file(s) contain proper documents, signatures, dates and other relevant information such as vesting, legal descriptions, and security instruments.
  • Process security instrument documentation to perfect liens on collateral.
  • Generate loan closing documents, balance closing fees with settlement agent.
  • Release funds to escrow holder upon loan approval and closings.
  • Collect, analyze, verify, and calculate all individual loan data (pre-underwrite) for submission to underwriter for review and approval.
  • Follow all rules and guidelines of the Security and Fair Enforcement for Mortgage Licensing Act (SAFE Act); be registered with the NMLS. Annual renewal of registration is required.
  • Maintain compliance with all banking acts, laws and regulations applicable to this job function.

Non-Essential Duties and Responsibilities

  • Assist in cross-training other employees.
  • May make branch visits for trainings and/or meetings.
  • May perform a variety of clerical duties which require departmental procedures such as; putting away files, sending files/documents to branches, filing, correspondence, scanning loan documentation for uploading, etc. as needed.

Qualifications Required

(Required education may be satisfied by experience and/or working knowledge)

A High School Diploma or equivalent along with a basic knowledge of Microsoft Word and Microsoft Excel.

Physical Requirements and Working Conditions

Sitting for extended periods of time, requires close visual acuity and the ability to work and operate computer applications and equipment including copy machine, telephone, scanner or other basic office equipment. Some travel is required for branch/department visitations. Some lifting, moving or carrying up to 20 pounds can be required. The job is fast paced and with specific deadlines. This job is within the normal office environment range.

Qualifications Preferred

Two years of consumer loan or mortgage loan processing or other lending experience. A working knowledge of Microsoft Word and Microsoft Excel is preferred.

Knowledge, Skills and Abilities Required

Requirements stated here are minimum levels of knowledge, skills and/or abilities to qualify for this position. To perform the duties and responsibilities of this position successfully, the employee must possess the abilities and aptitudes to perform each task proficiently. "Ability" means to "possess and apply" both knowledge and skill.

Knowledge

  • Taking appropriate steps to analytical problem solving.
  • Accessing tools and resources to answer job related issues.
  • Proper spelling, grammar, punctuation, and sentence structure to ensure that written materials prepared and reviewed are complete and free of errors.

Skills

  • Gather, analyze and interpret data.
  • Read and comprehend job related materials and documents.
  • Apply departmental compliance policies, practices and procedures.
  • Prioritize workflow in a changing work environment.
  • Plan, organize and effectively manage time to meet department needs and outcomes.
  • Work effectively under pressure in a fast paced environment.
  • Communicate effectively in a clear and concise manner in verbal or written communications.

Abilities

  • Analyze and evaluate financial records and identify problems. 
  • Work independently
  • Receive feedback and coaching to enhance job skills. 
  • Work in a team environment, remaining attentive to ideas, recognizing responsibilities, and actively participating with others to accomplish assignments and achieve desired goals.
  • Review loan files documentation to ensure accuracy and completeness.
First Federal Savings Bank
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