Senior Mortgage Loan Processor at Old Second National Bank

<div class="content-intro"><p><strong>Who We Are</strong></p> <p>At Old Second, you're first!&nbsp; &nbsp;For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.</p> <p>With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.&nbsp; At Old Second we embrace values that foster an environment of community and growth.&nbsp; Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.&nbsp; Be a part of something big as we continue our growth story together!</p></div><p><strong>Position Overview</strong></p> <p>The <strong>Senior Mortgage Loan Processor</strong> will be responsible for processing mortgage loan applications, verifying and analyzing loan documents, and ensuring that all loan documents are accurate and compliant with applicable regulations.&nbsp; It requires strong knowledge of the loan process to meet elevated quantity and quality production standards.&nbsp; The Processor reports to the Loan Processing Manager and interacts regularly with Mortgage Loan Officers, Mortgage Operations, external business partners, and customers as appropriate.&nbsp;</p> <p><strong>Essential Job Functions&nbsp;</strong></p> <ul> <li>Serve as a liaison between borrowers, loan officers, realtors, attorneys and underwriting to support loan approval.</li> <li>Collects/Orders appropriate documents and reviews to ensure they are complete and accurate including: Appraisal, flood, title, bank statements, homeowners insurance, verifications, credit, disclosures, AUS findings, condo documents, mortgage insurance, fraud system results, Early Check, and other third party vendors.</li> <li>Maintains a monthly pipeline of 30-40 loans, closing approximately 20 loans per month.</li> <li>Maintains data integrity for information entered into loan system for FHA/VA/USDA/CONV/HELOC and HELoans.</li> <li>Organizes loan files in preparation for underwriting and validates income and matches assets to the documentation in the system</li> <li>Reviews initial loan approval; works with the MLO to clear conditions.</li> <li>Resubmits loans for clear-to-close.</li> <li>Communicates daily with MLOs and Underwriters.</li> </ul> <p><strong>Additional Responsibilities for Senior Processor </strong></p> <ul> <li>Maintains a higher volume monthly pipeline of 40-50 loans, closing approximately 35 loans per month.</li> <li>Conducts pre-underwriting work with a focus on calculating income and assets; addresses potential obstacles prior to submission to Underwriting.</li> <li>Serves as a Processing SME, providing Processing guidance and direction to less experienced processors and MLOs.</li> </ul> <p><strong>Minimum Requirements</strong></p> <p>High school diploma (or equivalent) and four or more years of loan processing experience; or equivalent combination of education and experience.</p> <p><strong>Competencies&nbsp;</strong></p> <ul> <li>Loan processing software proficiency</li> <li>Strong written and verbal communication skills</li> <li>Strong organization and time management skills with excellent attention to detail and follow up</li> <li>Proficiency in Word, Excel, internet navigation, FNMA DU and FHLMC LP.</li> <li>Ability to work independently and as part of a team</li> <li>Maintains positive attitude, aptitude to lean, and the drive to grow in the mortgage business.</li> </ul> <p><strong>Preferred, but not required</strong></p> <ul> <li>Focus in secondary market residential lending</li> <li>Proficient in Encompass</li> </ul> <p><strong>Location Details&nbsp;</strong></p> <p>This position is considered a hybrid role.&nbsp; With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role.&nbsp; Actual schedule requirements may vary based upon business needs.</p> <hr> <p><strong>Compensation &amp; Benefits</strong></p> <p><strong>Base pay:</strong>&nbsp; $26.75 - $36.05/ hour</p> <p>Old Second is committed to fair and equitable pay practices.&nbsp; Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.&nbsp;</p> <p><strong>Benefits:&nbsp; </strong><a href="https://www.oldsecond.com/resources-services/how-we-support-you/">How We Support You - Old Second</a></p><div class="content-conclusion"><p>Thanks for considering Old Second!&nbsp;&nbsp;</p></div>