Mortgage Loan Processor

Posted May 31, 2019

The State Bank of Faribault, a family owned bank is seeking a Mortgage Loan processor to work in its new Prior Lake, Minnesota location. Primarily responsible for assisting lenders and underwriters with loan documentation and the maintenance of loan files. Performs technical functions related to the preparation of all loan files. Working closing with loan originators and outside sources, gathers the necessary credit and property information. Evaluates the data collected and presents the requirements needed in order to obtain underwriting approval.

Major and Essential Job Responsibilities:

  • Scores new mortgage applications through Automated Underwriting Systems (AUS) and makes changes as necessary.
  • Prepares accurate and complete first mortgage loan documents as per company policy and Secondary Market guidelines.
  • Orders title work and flood certifications as well as appraisals as per Fannie Mae’s
  • Appraisal Independence Requirements rules & internal policy.
  • Orders all required verifications per AUS findings.
  • Submits mortgage loan application file for underwriting approval in a timely fashion assuring all items requested are provided.
  • Follows-up on any missing or questionable documentation as per underwriter conditions and communicates loan status to involved parties.
  • Executes closing actions to ensure a timely and effective closing process.
  • Experience with Loan Originating Software (Encompass) a plus.

 

The State Bank of Faribault is an EEO/AAP employer of women, minorities, protected veterans
and individuals with disabilities.


Please submit your resume to The State Bank of Faribault, Attn: Human Resources, 428 Central Ave, Faribault, MN 55021 or via e-mail to humanresources@tsbf.com

7900 International Drive, Suite 685,

Bloomington, MN 55425

Phone: 651.687.9080

Fax: 651.687.9387

info@icbm.org

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