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Residential Loan Processor II, Elgin

Company: Associated Bank
Location: Carol Stream
Posted on: April 6, 2021

Job Description:

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability who need assistance applying for a position with Associated Bank are asked to email: careers@associatedbank.comJob Summary Under general supervision, support front line sales in the compilation and verification of documentation necessary to evaluate and decision residential loans, including conventional portfolio and secondary market, construction, FHA, VA, Rural Housing and employee loans. Stay current of changes in investor, regulatory and internal guidelines to ensure compliance and loan eligibility. Job Accountabilities --- Review appropriate credit documentation (income, appraisal, assets, red flags, credit report, etc.) has been received per corporate loan policy and/or AUS results and update loan origination system. Order tax transcripts and condo questionnaires as applicable. Request/ review any other documentation pertinent to the loan file (affidavits, offers to purchase, tax returns, recorded documents, certificates of eligibility, etc.). Prepare file and submit to Residential Loan Underwriting Department for a loan decision, ensuring Reg B is not violated.--- Provide loan processing support to loan officer and customer. Contact customer to request appropriate credit documentation needed for loan file. Maintain regular communication with customer and loan officer. Communicate UW approval and obtain outstanding conditions.--- Analyze credit documentation (income, assets, red flags, KYC, credit report) provided to ensure required documents have been received per loan policy and/or AUS results. Update Loan Officer of completed tasks and progress throughout processing phase.--- Review and sign off on subsequent documentation provided to satisfy underwriting conditions. Responsible for post underwriting custom/credit worthy conditions.--- Monitor progress of requested information to ensure loans are decisioned in a timely manner. Verify that requested information is complete and logged on checklist. Update application form and enter in Loan Origination System. Review all critical documents (appraisal, credit report, title evidence, VOD, VOE, VOL, etc.) for consistency and to ensure data integrity within the loan application.--- Communicate with Regulatory Team, Loan Officer and/or Underwriting to ensure all applicable change of circumstances have been properly documented and disclosed to the customer.--- Review title commitments to ensure proper lien position will be met. Obtain any subordination and/or satisfactions. Communicate with Loan Officer to address any judgments, encumbrances, encroachments or other liens that would put lien position at risk.--- Prepare Pre-closing checklist. Obtain verbal verification, payoffs, homeowners/condo/flood insurance. Communicate clear to close to loan officer and customer.--- Manage Daily/weekly production reports for file management and compliance regulations. Must ensure customer (internal and external) expectations are met or exceeded.--- Confirm all required documentation has been printed to create a complete paper file to be submitted for record retention for all loan files. Ensure all denied and withdrawn loans, are submitted to records in a timely manner to ensure file is available for HMDA review.--- Order case number, CAIVRS, COE and appraisal for VA loans. Education --- High School or equivalent combination of education and experience RequiredExperience--- 2-4 years Experience in Mortgage Banking. Required--- Less than 2 years Experience processing Construction and Government loans Required Compliance Statement Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR. Responsible to report ethical concerns as needed to Associateds anonymous Ethics Hotline.Operates in full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to Bank Secrecy Act/Anti-Money Laundering and S.A.F.E. Act requirements. Must submit required information to meet registry requirements, obtain a unique identifier, and maintain the registration requirements as directed by the S.A.F.E Act. Associated Bank is committed to working diligently with any colleague who needs an accommodation perform the essential functions of the job. Please contact the Leaves & Accommodations office to request an accommodation.

Keywords: Associated Bank, Carol Stream , Residential Loan Processor II, Elgin, Other , Carol Stream, Illinois

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