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Careers

Mortgage Loan Processor

  • Status: Full-Time
  • Date Posted:
  • Date to Close: Open until filled
  • Location(s): Sioux Falls or Yankton, SD

The candidate must have the capability to maintain strict confidentiality, attention to detail and comply with all Bank policies and procedures. The ability to effectively communicate with various types of clientele, co-workers and departments to resolve an assortment of needs is required. A knowledge of real estate loan processes is essential along with strong organizational skills and the ability to work well in a team environment. This position can be located in either Sioux Falls or Yankton. Hours include Monday-Friday 8-5.

Responsibilities

Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment
Calls/faxes/emails specified companies to obtain property abstract, survey, appraisal and insurance information
Submits mortgage loan application file for underwriting approval
Coordinates loan closing with the borrower, title company and realtor, if applicable.
Ensures loans are clear to close
Prepares initial Closing Disclosure and works with settlement agent to coordinate numbers for the final Closing Disclosure
Obtains final approval of the Closing Disclosure from the loan originator
Must interact with settlement agents, loan originators and operations staff daily
Prepares all required mortgage loan closing documents via Loan Origination System, ensuring no errors or typos are on the documents
Confirms all closing conditions are met
Submits approved mortgage loan file to Loan Officer for review of closing documents and then to the settlement agent for closing

Qualifications

Competency:

To perform the job successfully, an individual should demonstrate the following competencies:

Analytical - Synthesizes complex or diverse information; Collects and researches data
Design - Demonstrates attention to detail
Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Works well in group problem solving situations
Project Management - Communicates changes and progress; Completes projects on time and budget
Technical Skills - Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others
Customer Service - Responds promptly to customer needs; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments
Interpersonal - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Remains open to others' ideas and tries new things
Oral Communication - Speaks clearly in positive or negative situations; Listens and gets clarification; Responds well to questions; Participates in meetings
Team Work - Balances team and individual responsibilities; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Supports everyone’s efforts to succeed
Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Presents numerical data effectively; Able to read and interpret written information
Quality Management - Looks for ways to improve and promote quality service. Demonstrates accuracy and thoroughness
Business Acumen - Displays orientation to profitability; Aligns work with strategic goals
Cost Consciousness - Works within approved budget; Contributes to profits and revenue; Conserves organizational resources
Diversity - Shows respect and sensitivity for cultural differences; Promotes a harassment-free environment
Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities
Strategic Thinking - Develops strategies to achieve organizational goals; Adapts strategy to changing conditions
Adaptability - Adapts to changes in the work environment; Manages competing demands; Able to deal with frequent change, delays, or unexpected events and deadlines
Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time
Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Completes tasks on time or notifies appropriate person with an alternate plan
Initiative - Volunteers readily; Seeks increased responsibilities; Looks for and takes advantage of opportunities; Asks for and offers help when needed
Innovation - Meets challenges with resourcefulness; Generates suggestions for improving work
Judgment - Exhibits sound and accurate judgment; Includes appropriate people in decision-making process; Makes timely decisions
Motivation - Sets and achieves challenging goals; Measures self against standard of excellence
Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Sets goals and objectives; Develops realistic action plans
Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments
Professional Attire - Adheres to the Bank’s policy for Career Apparel; Consistently meets Career Apparel standards; Demonstrates professional appearance during Bank hours or at after-hours Bank functions
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality
Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity
Safety and Security - Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly

Education

One year certificate from college or technical school or;
Three to six months banking or related experience or;
Equivalent combination of education and experience

Skills

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Language Ability:

Ability to read and interpret documents such as policies, procedures, and loan documents
Ability to write routine reports and correspondence
Ability to speak effectively with customers and employees of the organization
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
Ability to compute rate, ratio, and percent and to draw and interpret bar graphs

Reasoning Ability:

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
Ability to deal with problems involving several concrete variables in standardized situations

Computer Skills:

To perform this job successfully, an individual should have knowledge of Word Processing software; Spreadsheet software; Internet software, and Database software

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is occasionally exposed to outdoor weather conditions
The noise level in the work environment is usually moderate

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee must frequently lift and/or move up to 25 pounds
Specific vision abilities required by this job include Close vision, Distance vision, Peripheral vision, Depth perception and Ability to adjust focus
While performing the duties of this Job, the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear
The employee is occasionally required to sit; climb or balance and stoop, kneel, crouch, or crawl

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