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Mortgage Processor

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Community Bank, N.A.

23d ago

  • Job
    Full-time
    Junior Level
  • Customer Relations
    Banking & Finance
  • Olean

AI generated summary

  • You need an associate's degree or equivalent experience, 2 years of mortgage experience preferred, strong communication, analysis skills, and proficiency in Microsoft Word and Excel.
  • You will evaluate loan applications, analyze appraisals, communicate with lenders, clear loan conditions, prepare loans for closing, and ensure compliance with regulations and internal controls.

Requirements

  • Associates degree or equivalent mortgage or legal office real estate closing experience required.
  • All applicants must be 18 years of age or older.
  • Two (2) years of mortgage experience is preferred.
  • Proficient reading, writing, grammar and mathematics skills.
  • Ability to analyze and interpret income, assets and credit.
  • Ability to work under pressure and work effectively under time constraints.
  • Good written and verbal communication skills.
  • Research and problem solving skills.
  • Proficient in Microsoft Word and Excel.

Responsibilities

  • This position is responsible to understand, comprehend and maintain with all laws and regulations such as TILA-RESPA, ATR/QM and HMDA. This position is also independently responsible to review and evaluate applications for all products offered and determine credit worthiness of applicant and ensure meets requirements of bank, government agencies and secondary market investors.
  • Review and evaluate loan applications and all supporting documentation
  • Analyze and approve residential appraisals to ensure collateral meets program and investor guidelines
  • Communicate with lenders and appropriate vendors to obtain information per requirements associated with loan
  • Provide guidance to underwriters regarding procedures required to take action on problem loan applications
  • Analyze and clear loan conditions
  • Complete verbal on all loans – including contacting employers
  • Prepare loans to proceed to closing table
  • Participate in wiring procedure
  • Other duties as assigned or directed
  • Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion.

FAQs

What is the primary responsibility of a Mortgage Processor at CFSI?

The primary responsibility of a Mortgage Processor is to review and evaluate loan applications and supporting documentation while ensuring compliance with laws and regulations such as TILA-RESPA, ATR/QM, and HMDA.

What are the educational requirements for this position?

Applicants are required to have an Associate's degree or equivalent experience in a mortgage or legal office real estate closing environment.

How many years of mortgage experience are preferred for applicants?

Two (2) years of mortgage experience are preferred for this position.

What technical skills are necessary for a Mortgage Processor?

Proficient reading, writing, grammar, mathematics skills, research and problem-solving skills, and proficiency in Microsoft Word and Excel are necessary for this role.

What are the working hours for this position?

The working hours are 40 hours per week, Monday to Friday from 8:30 AM to 5:00 PM, with potential for overtime and Saturday shifts as needed.

What benefits does CFSI offer to its employees?

CFSI offers competitive compensation, 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with a generous match, Pension, Tuition Reimbursement, banking discounts, and more.

Are there physical requirements for this job?

Yes, employees may be required to stand, walk, or sit, use hands and fingers, reach with hands or arms, and may occasionally need to lift or move up to 25 pounds.

Is this position subject to any specific laws or regulations?

Yes, this position requires adherence to various laws and regulations related to mortgage processing, including TILA-RESPA, ATR/QM, and HMDA.

Is this role considered entry-level?

No, this role is not considered entry-level as it requires prior mortgage processing experience and knowledge of relevant laws and regulations.

How does CFSI support diversity in the workplace?

CFSI is an equal-opportunity workplace and an affirmative-action employer, celebrating and supporting a diverse workplace for all employees, customers, and communities.

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Community Bank, N.A.

Finance
Industry
1001-5000
Employees

Mission & Purpose

Community Bank System Inc. (NYSE:CBU) is a full-service financial institution with more than 225 customer locations across New York, Pennsylvania, Vermont and Massachusetts, where we’re known as Community Bank, N.A. With over $16.2 billion in assets, we have the resources to finance a wide range of personal, business banking and commercial business needs. Since 2012, Community Bank has consistently been named in the top 15 on Forbes’ list of Best Banks in America, twice reaching the No. 3 spot. Established in 1866, Community Bank empowers our more than 3,000 employees across 21 states to be decision makers at the local level, leveraging the strong personal relationships we have with our customers with their financial expertise to drive the best results. This gives our team the confidence to make those decisions, and our customers the comfort in knowing the person they work with every day is the person they need to talk to. We consistently invest in our communities through financial support, fundraisers and volunteer efforts, giving our employees the support to help make a difference. Whether it’s donating to local non-profit organizations or financing the businesses that give a community its identity, working together to make life better is what Community Bank is all about. Member FDIC. Equal Housing Lender. Our Diversity Council of more than 100 employees was created to make sure no one feels unheard, unseen or uninvited. Through that effort, we’ll foster a culture that doesn’t just accept diversity, but values it. For more info, visit cbna.com/diversity. Other subsidiaries within the Community Bank System Inc. family include: Community Bank Wealth Management: - Community Investment Services, Inc. - Community Bank Trust Services - The Carta Group - One Group Retirement Advisors - Nottingham Advisors, Inc. Partners: - Benefit Plans Administrative Services, LLC - OneGroup