Loan Analyst II Loan Processor

This position requires the ability to work in the Salem MA office.

Salem Five has more than 30 retail banking branches throughout Essex Middlesex Norfolk and Suffolk counties strong business banking capabilities an Insurance division a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or locationlevel are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what were all about.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Review all documents in the mortgage loan file to ensure completeness accuracy and compliance with Bank/Investor guidelines
• Obtain and review all documents in the mortgage loan file to ensure completeness accuracy and compliance with Bank/Investor guidelines
• Generate requests and followup with vendors and external sources including but not limited to verifications insurance attorney documents checklists and commitment conditions
• Serve as a facilitator and liaison to identify and request additional information as necessary from Borrowers and Loan Officers
• Meet or exceed SFMCs service standards including borrower and Loan Officer expectations relative to the mortgage experience.
• Develop an ongoing knowledge of the fundamentals of mortgage underwriting the Mortgage Company and Banks residential mortgage products and the basic requirements set forth by FHLMC FNMA FHA VA Rural state housing and other secondary market investors.
• Maintain integrity of HMDA.
• Preunderwrites loans where applicable and make preliminary recommendation for lending decision or eligibility
• Facilitate the process to insure regulatory and compliance deadlines rate deadlines and contract dates are met or exceeded.
• Identify and sustain organizational disciplines to insure timely and accurate handling of files and loan documentation.
• Insure workflow meets service and regulatory requirements by utilizing reports and collaborating with team.
• Assist as called upon in the training of newly hired loan analysts.
• Insure regulatory compliance requirements are met relative to BFA identity theft fraud and risk
• Work with postclosing to insure timely resolution of curative items.
• Responsible for the maintenance of processing and underwriting reports as required by management.
• Review all reports and verifications and reconcile all received documentation.

EDUCATION and/or EXPERIENCE

Bachelors degree (B. A. from fouryear college or university.

Willing to train candidate who is proficient in Word and Excel; possesses strong time management and organizational skills; has excellent customer service and communication skills; and has the ability to work in a teamoriented service driven environment.

PHYSICAL DEMANDS

While performing the duties of this job the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; sit; use hands to finger handle or feel; and reach with hands and arms. The employee is occasionally required to climb or balance; stoop kneel crouch or crawl; and taste or smell. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Benefits/Incentives: Health Insurance Dental Vision Flexible Spending Account Health Savings Account 401k Matching Tuition Reimbursement Employee Referral Program Summer Family Outing Annual Holiday Reception and more.

Salary Range: Competitive Base

Ready to applyIf this job sounds like a fit for you then click onApply/Apply Nowin this posting. We look forward to talking withyou.

Qualifiedcandidates may also submit a resume and application online at salemfive/careers or mail your resume to Human Resources 210 Essex Street Salem MA01970.

Required Experience:

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