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Mortgage Loan Processor at Iowa State Bank
Orange City, Iowa, United States -
Full Time

Start Date

Immediate

Expiry Date

16 Jul, 26

Salary

0.0

Posted On

17 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Mortgage loan processing, Loan origination system, Regulatory compliance, Documentation verification, Customer service, Closing conditions management, Vendor management, Data entry, Communication, Teamwork

Industry

Banking

Description
Description The Mortgage Loan Processor serves as the contact for consumer home loan files, ensuring each application moves from origination to closing with precision and speed. This role acts as a liaison between loan officers, underwriters, and third-party vendors to verify documentation, maintain regulatory compliance, and deliver a high-quality customer experience. Requirements Obtains the necessary information and documentation to process and complete loan files for a variety of consumer home loans. Update the loan origination system with verified information. Issue preliminary loan disclosures and any redisclosed items based on loan product type. Verify documentation for accuracy and completeness and follow-up on files to ensure quality and service. Follow up with third-party vendors (appraisals, title, insurance) to ensure delivery of respective item. Process and manage closing conditions and prepare loan closing document packages. Must be able to process multiple files within the pipeline, all at different stages of the approval and closing process. Complete the post- closing work, including the disbursement of loan funds, investor funding, and vendor bills. Conduct business and make decisions consistent with the bank’s policies, quality guidelines, and compliance requirements. Promote teamwork within the department and bank, understanding the ultimate goal of customer satisfaction. As a part of the overall team of bank employees, this position may be requested to assist in the support of other bank activities. Participate in outside civic activities that enhance the bank, personal growth, and the community
Responsibilities
The Mortgage Loan Processor manages consumer home loan files from origination to closing while acting as a liaison between loan officers, underwriters, and vendors. They are responsible for verifying documentation, ensuring regulatory compliance, and preparing loan closing document packages.