Sr Mortgage Loan Associate

Location: Sioux Falls, SD
Shift: M-F 8am to 5PM
Job Schedule: Full-Time
Company: First PREMIER Bank

About the Role
To process mortgage loans from the time of origination to underwriting and, after approval, through closing, shipping, insuring, final documents and loan servicing.

Job Duties and Responsibilities 


* Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, length of employment, obtain property abstract, survey, appraisal and insurance information and input information on LOS.


* Submits mortgage loan application file for underwriting approval.


* Communicate with loan officer and underwriter about issues pertinent to property and credit.


* Ensures loans are clear to close.


* Prepares Closing Disclosure and works with settlement agent to coordinate numbers to ensure all fees and costs are accurately calculated.


* Prepares all required mortgage loan closing documents via Loan Origination System, ensuring no errors or typos are on the documents.


* Confirms all closing conditions are met per investor guidelines.


* Work with compliance officers on meeting the guidelines for compliance regulations.


* Ship closed loan files to investor and notes to warehouse banks.


* Clear all outstanding investor conditions.


* Ship investor required trailing documents.


* Process secondary payoffs along with follow up.


* Run required monthly reports.


* Process any outstanding escrow holdback per investor requirements.


* Cross- train and learn other functions within the department as needed.    


* Conduct pre-underwriting as needed to expedite file completion.


* Assist in identifying process improvement opportunities.


* Advise Mortgage Operations Manager of needed enhancements to staffing systems and processes.


* Work with originations staff to gain understanding of loan programs.


* Develop the necessary skill set and knowledge to monitor compliance requirements for loans in process.


* Ability to work independently with little to no supervision.


* Assist with training of other staff.


* Handle lock maintenance requests such as extensions, re-locks, updates, renegotiations, etc.


* Handle pricing related questions regarding policies, procedures and investor guidelines.


* Review and verify lock requests as they are received by the lock desk.


* Maintain a clean locked pipeline.


* Locking loans of mortgage files for agency compliance and investor guidelines.


* Prepare an updated set of disclosures whenever there has been a change of circumstances.


* Review and ensure accuracy and data integrity of required compliance disclosures at initial application and at time of lock if necessary.


* Maintains accurate record of communications and/or actions related to disclosing process in t...