Mortgage Processor

at Foresight Financial Group in Machesney Park, Illinois, United States

Job Description

Organization Overview:

Northwest Bank opened its first office in Rockford in 1972. Our founders had a vision of providing the Rockford area with community banking services that customers could depend on.  Northwest Bank of Rockford is a subsidiary bank of Foresight Financial Group, Inc.

To be a successful Team Member an individual should contribute to and promote the organization’s culture by championing the organization’s goals and mission to be a high performance community bank. A commitment to the organization’s shared values of Respect, Enthusiasm, Caring, Integrity, Teamwork, and Expertise is apparent in everyday actions, communication, and decision making process, and the Team Member actively contributes to creating a positive working environment for all Team Members.

Position Summary:

Responsible for processing compliant and accurate conventional, FHA, VA and USDA secondary as well as in-house mortgage files and construction loan files as received from the loan originators. 

Primary Responsibilities:

1. Prepares and delivers all appropriate regulatory compliant disclosures.
2. Reviews all needed documents and information from originators or sales associate and outside sources for processing: Verifications (employment, deposit, rent), Appraisals, Title Commitments, Flood Certifications and any other documents as needed).
3. Submits loan for underwriting.
4. Receives loan file from underwriting; updates all required information per underwriter conditions.
5. Gathers all needed information for closing: Homeowners Insurance, Payoffs, Deeds, or any other documents as needed.
6. Maintains communication with Loan officer and Sales Associate through the entire loan process.
7. Coordinates closings with the loan officer and sales associate.
8. Monitors weekly pipeline report.
9. Prepares loan files for withdrawal and/or denial.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Competencies:

To perform the job successfully, an individual should demonstrate the following competencies. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Productivity: Manages workload, works efficiently, meets goals and objectives

Organizational: Focus, plan, and prioritize work in a systematic way to complete tasks
accurately.

Communicator: Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.  Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions.

Dependability: Meets deadlines, works independently, accountable, maintains focus, punctual, good attendance record

Adaptability: Adapts to change, open to new ideas and responsibilities

Technical: Knowledge of mortgage lending procedures and regulations.  Knowledge of personal computer usage, Microsoft software, and general office equipment. Familiar with Jack Henry and Mortgage Bot.       

Position Performance Standards:

Initial disclosures to be disclosed within TRID guidelines daily

Requests and monitoring of third party documents within 48 hours

Review and communicate conditions to Loan Officer and Sales Assistant within 24 hours

Performance Weightings:

40% Competencies

60% Position Performance Standards and Personal Goals

Culture:

To be a successful Team Member an individual should contribute to and promote the organization’s culture:

• Champions organization’s goals and mission to be a high performance community bank.
• Commitment to the organization’s shared values of Respect, Enthusiasm, Caring, Integrity, Teamwork, and Expertise are apparent in everyday actions, communication, and decision making process. 
• Advocates shared values to create a positive working environment for all Team Members.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  High school diploma or general education degree (GED) with a minimum of 1 year of banking experience; mortgage banking experience is preferred.  

Physical Demands and Work Environment:

This job operates in a clerical office setting.  This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets and fax machines. The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  This position requires manual dexterity.  While performing the duties of this Job, the Team Member is regularly required to sit or stand for extended periods of time.