Mortgage Processor

Since its inception in 1973, the shareholders and management of NBT Financial Bank (NBT) have maintained the same long term vision for the bank. We are a locally owned, independent, community bank that intends on providing prompt, courteous service to our customers, and looks to establish long term relationships with those we serve.

NBT is a community bank, which means we believe in serving and supporting the markets where we are located. NBT strongly encourages all employees to take an active role in the communities they serve. There will be multiple opportunities throughout the year where NBT will ask for employee volunteers to help at events the bank has sponsored. These are great opportunities for NBT employees to serve our communities, while also spreading NBT’s brand.

NBT also has a Community Involvement Program, where employees can earn additional PTO by volunteering at qualified events.

Reports to
:
Mortgage Department Manager

Classification
:
Non-Exempt

Job Summary
:

The Mortgage Processor will be responsible for processing, underwriting and closing TRID related loans from application to funding in accordance with all applicable laws and regulations. Mortgage Processor is expected to have appropriate time management skills and an acute attention to detail to provide accurate disclosures and meet regulatory timing requirements as it relates to providing required loan disclosures. The processor must be able to multi-task and work at an efficient pace.

In addition to processing and closing TRID related loans, the processor is responsible for loan boarding to the bank’s core system and responsible for some mortgage servicing duties such as escrow disbursements. This position is expected to possess a higher knowledge of mortgage related laws, regulations and legal documentation and may be responsible for assisting and/or training other processors. Excellent computer skills and proficiency in Microsoft Excel and Word are a must.

Essential Functions
:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Communicate with potential borrowers to provide and accept TRID loan applications.
• Input complete TRID loan applications into the Calyx Software and update accordingly throughout the loan process.
• Accurately and timely prepare TRID package and other applicable disclosures.
• Understand and recognize the different phases of the loan application process (inquiry, regulation B application, and TRID application).
• Understand the general credit and underwriting approval guidelines in order to advise the loan originator of products available to applicant(s) based upon initial application information.
• Understand the alternative credit guidelines for ITIN and no score applicant(s).
• Must possess strong communication skills with potential borrowers and internal staff.
• Understand bank adverse action procedures and prepare denial, withdrawn, and approved not accepted packages for compliance review within required regulatory time frames.
• Order and review credit reports. Understand how to identify potential red flags.
• Prepare necessary loan documents using Calyx, ordering from attorneys and/or PPDocs.
• Verify income and assets through verifications of employment and verification of accounts.
• Order tax transcripts and have the capability to compare to borrower(s) tax returns.
• Maintain and complete necessary checklists, worksheets, and timelines accurately and timely for proper file documentation.
• Order and review flood determinations. If applicable, provide appropriate notices and obtain flood insurance.
• Communicate with the Loan Operations Department to order appraisals and evaluations.
• Order title commitments and communicate with title companies to coordinate loan closings and obtain post-closing documents.
• Understand all aspects of initial escrow setup and escrow servicing.
• Understand High Price Mortgage Loan and High-Cost Mortgage requirements and restrictions, if applicable.
• Understand the various types of Qualified Mortgages.
• Accurately and timely prepare initial Closing Disclosure/review and approve final Closing Disclosure from title company.
• Prepare and understand…