Mortgage Loan Processor

Mortgage Loan Processor – Craig, CO

Yampa Valley Bank is currently seeking a full‑time Mortgage Loan Processor for our Craig, CO branch. The role involves processing and closing mortgage loans in a timely, accurate, and professional manner while maintaining compliance with bank policies, regulatory guidelines, and legal requirements.

The Mortgage Loan Processor will gather all necessary information for the processing and closing of mortgage loans. Responsibilities include reviewing applications for completeness, obtaining required documents, entering data into the system, initiating communication with customers and internal parties, and providing loan status updates. The incumbent will proactively follow up on all loans in the pipeline, monitor turnaround goals, and resolve discrepancies to ensure the highest level of customer service.

$21.00 per hour
, depending on experience. Eligible for annual discretionary bonus.

Benefits include:
Medical, Dental, Vision, Disability, Life, Paid Time Off, 401(k) with match.

• Act as a liaison between Loan Originator, Borrowers, Underwriter, and Lender.
• Receive loan application and assist applicants when completing the loan application, as needed.
• Collect required documentation from applicants, process documents, and verify the accuracy and completeness of each document.
• Initiate contact with applicants to request additional documentation.
• Coordinate with realtors, insurance agencies, appraisal companies, etc. to facilitate timely loan closing.
• Order and review appraisal.
• Order credit report and assess the credit standings of applicants through report review and/or background research.
• Maintain applicant files for timeline management, processing, and assessment.
• Ensure applicants' privacy and security of data and files.
• Coordinate with Loan Originator to provide applicants with timely and periodic status updates of their loan application.
• Prepare disclosures, commitment letters and denial letters when necessary.
• Accountable for catching any clerical or system errors made in the loan package or in calculating the payoff.
• Review and approve the CD and ensure that it meets the underwriting guidelines.
• Assure that all applicant files are complete and in compliance with regulatory agencies and internal policies.
• Be available to resolve any issues that might arise between Lender and Closing Agents while the borrowers are at closing.
• Responsible for completing a pre‑funding audit on each file prior to disbursement.
• Compile loan documents in stack order.
• Establish, maintain, and update files, databases, records, and/or other documents for internal reports.
• Work within and adhere to established regulations, timelines and law requirements at all times.
• Make recommendations to Loan Originator for procedural changes to increase efficiency.
• Perform administrative duties such as filing, balancing GL’s, coordinating and implementing department marketing strategy, reconciling monthly credit card statements, maintaining and updating templates and lender specific documentation, inputting data into mortgage lending software, etc.
• Answer telephone calls within two rings, transferring or servicing the customer if possible. When answering the telephone, speak with a smile identifying the bank and yourself.
• Greet and acknowledge all customers in the Lobby/ Mortgage area. Direct traffic and announce customers to the appropriate bank employee.
• Complete compliance coursework selected for this position by the Compliance Department on time twice per year.
• BSA Responsibilities:
  Compliance with the Bank Secrecy Act, OFAC and the USA PATRIOT Act, including the Bank’s Customer Identification Program, customer due diligence, identifying high risk accounts and detecting and reporting suspicious activities to the BSA Officer.
• Perform other duties as assigned.

• At least one year of mortgage processing or similar experience is required.
• High School Diploma or equivalent required;
  Bachelor’s degree preferred.
• Working knowledge of FHA, FNMA, FHLMC, HELOC, TRID, compliance, comprehension of legal documents, and appropriate government lending regulation…