Telecommute – Boston, MA
100% Remote – Mortgage Loan Processor
If you are a Mortgage Loan Processor with experience, please read on!
Our Processors play a vital role in ensuring that applications for mortgage and equity loans are handled with the highest degree of care, expertise, and compliance. Processors review and process new applications, and has the opportunity to interact with numerous key individuals throughout the process. Incumbents in this role will develop strong and positive working relationships internally and externally with originators, realtors, attorneys, appraisers, and other vendors.
Top Reasons to Work with Us
We are one of the oldest and continually growing independent, local community banks in Central Massachusetts. We offer a full range of banking, investment, and insurance solutions across 12 full-service offices.
We believe that everyone our clients, employees, and community members deserve the opportunity to grow, improve, and realize their hopes and dreams. We do this through our unique way of doing business and the promise they make to be caring, trusted friends and help our clients, employees, and community members get where they want to be.
We strive every day to be the most caring bank in the community, because what’s most important to us is not what’s in a person’s bank account, it’s whats in their heart.
What You Will Be Doing
Process incoming Retail and Third Party Originated mortgage and equity loan applications. Enters data into processing system as needed and generates required documentation including verifications and required disclosures. Process application fees and other required information. Places file orders, collects required file documentation, reviews, and organize file.
Prepare and submit file according to Retail Underwriting, FHA, VA, and/or correspondent underwriting guidelines and submits for underwriting approval. Provides loan commitment to applicable parties, updates information, and follows up on remaining conditions prior to closing.
Review and approve Property Appraisal for compliance with secondary market guidelines.
Provide updates to applicable parties regarding loan status and coordinates all communication regarding pending mortgage and equity applications and is responsible for meeting the banks service timelines for all loans originated.
Works closely with originator, borrowers and other related parties.
Updates all parties regarding loan status and requests necessary information and documents.
Provide customer support and develop a working relationship with originators, Realtors, attorneys, appraisers and other vendors.
Review new applications for accuracy, qualifications and compliance to regulatory, program and Bank requirements. Communicates loan decision with appropriate parties, gathers and reviews conditions. Monitors and tracks loan as needed for financing, closing, and rate lock expiration dates.
Prepare closing disclosures and closing packages for consumer and mortgage loan closings.
Coordinate funding/wire amounts with closing attorneys.
Prepare and distribute all required documentation including LE, CD, Notice of Incomplete Application, Commitment letters and Adverse Action letters.
Responsible for verifying loan compliance and staying up to date with all state and federal compliance regulations including but not limited to RESPA, TILA, ECOA, Fair Lending, Dodd-Frank, and TRID.
Mortgage & Real Estate,Accounting & Finance