drjobs Draw Processor

Draw Processor

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1 Vacancy
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Job Location drjobs

Walla Walla, WA - USA

Monthly Salary drjobs

$ 18 - 24

Vacancy

1 Vacancy

Job Description

As a Draw Processor with Banner Bank you will Perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation.

In this role youll have the opportunity to:

    • Responsible for obtaining documentation and approvals necessary to extend matured loans in a timely manner.
    • Prepare and process completed modification and/or extension documents for of all types of construction loans. Calculate and apply extension fees. Submit invoices for payment.
    • Responsible for ordering and reviewing updated appraisals 442s and title policies.
    • Assist in the preparation of file for possible sale on the secondary market.
    • Monitor construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines.
    • Responsible for gathering and reviewing documents pertaining to the completion of home loan construction.
    • Responsible for processing system changes to convert loans from the construction to permanent financing phase.
    • Responsible for complying with policies procedures security requirements and government regulations.

Education & Certifications

    • H.S. Diploma: required

Experience

    • 0 to 2 years of mortgage servicing or banking experience required

Knowledge Skills and Abilities

    • Knowledge of all forms and documents for processing all real estate loan types.
    • Ability to understand and apply changes to regulations and requirements to daily work.
    • Ability to prioritize multi-task and meet deadlines.
    • Ability to work independently and as part of a team.
    • Posses well-developed verbal and written communication skills including proper grammar and correct spelling. Communication occurs via phone email or written correspondence with customers and co-workers.
    • Knowledge of investor federal and state laws and regulations relating to mortgage servicing.

Employment Type

Full-Time

About Company

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