Mortgage Loan Processor

Merchants Bank is seeking a Mortgage Loan Processor. This position can work in office at any of our branch locations in MN or position requires high attention to detail and the ability to perform a variety of loan tasks to ensure that mortgage loan application data and supporting documentation are complete accurate and compliant within lending and regulatory policies. Job duties will be performed within established expectations with an emphasis on providing a superior customer service experience for all customers lenders as well other contacts both internal and external and submitting quality files for Underwriting within the established time experience preferred. Must possess a positive attitude be able to multi-task and work under deadlines able to work in a fast-paced environment and have strong communication Bank offers competitive wages and benefits for our full-time employees including health dental life disability and vision insurance; flexible spending accounts 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance options. Pleaseclick on Apply Now or apply in personat any Merchants Bank location. Questions can be emailed to Bank is an Equal Opportunity Employer of women minorities protected veterans and individuals with Summary: This position requires high attention to detail and the ability to perform a variety of loan tasks to ensure that mortgage loan application data and supporting documentation are complete accurate and compliant within lending and regulatory policies. Job duties will be performed within established expectations with an emphasis on providing a superior customer service experience for all customers lenders as well other contacts both internal and external and submitting quality files for Underwriting within the established time Duties:Perform Disclosure Desk duties and Processing Help Desk duties as assignedHave knowledge of TRID timing and disclosure and re-disclosure requirements. Assist with obtaining required information for mortgage loan applicants regarding verification of employment and deposits appraisals credit reports title work required insurance coverage and any other pertinent information necessary for the loan file. Process and analyze documents received for mortgage loans. Load and categorize documents into the required customer information into secondary market software system for continued follow-up. Order services such as title appraisal flood fraud Obtain and analyze homeowners insurance flood insurance condo insurance to ensure adequate coveragePrepare and submit loans to underwriting by gathering supporting documentation verifying the information on the original application and updating and resubmitting the loan based on verified underwriting results and collect information required to clear contingencies for final creditors for loan payoff figures for mortgage closing documents for mortgage loans prior to closing and confirm adequate communication has been made to ensure at close conditions are met. Assist post-closing department with the follow-up on missing documentation when files with lenders on a regular basis and assist with pipeline management. Arrange and coordinate loan closing with title companies attorneys loan officers and/or borrowers and mortgage loan to calculate income from pay stubs and tax knowledge of related compliance regulations such as RESPA Reg B Fair Lending HMDA construction draws and required documentationPerform any other duties as requested by management to assist other departments as as back up for other functions in the department. Regular and dependable attendance is an essential function for this will be expected to contribute to a positive working environment through words and will be expected to greet internal and external customers in a friendly and outgoing and stay current on Secondary Market investor guidelines and in-house mortgage policies. Employee will be expected to complete compliance and product knowledge assignments in a timely Conditions: Inside working environment very low noise Demands: Work will be performed primarily sitting at desk. Requires high degree of finger dexterity very good finger-eye coordination. Mental Demands: Requires above-average aptitude in area of math/number skills; strong analytical skills. Above average skill in areas of problem analysis and problem solving. Ability to stick to tasks that require high volume and some redundancy and maintain accuracy levels. Requires ability to articulate well and communicate well with customers. Must remain calm under pressure and time Requirements: Mortgage Processing experience preferred. Personal computer skills good typing skills effective telephone and written communication skills. Must have strong organizational skills and be able to multi-task. Must be a good team worker. Relationships: Responsible to Mortgage Processing/Closing Manager for clarification of position responsibilities and authority for proper interpretation of responsibilities. Position will have phone and email contact with bank customers internal team members and external vendors. Must have the ability to work effectively and professionally in a team environment.