AgFirst Farm Credit Bank provides financing, as well as a range of technology and other services, to a network of agricultural lenders in the United States and Puerto Rico. Located on Main Street in Columbia, S.C., AgFirst is committed to providing a comfortable, inclusive work environment. We believe in investing in our employees so they can help lead our $35 billion company into the future. If you are looking to fuel your professional development and gain exposure in the field of Asset Liability Management, apply today!
AgFirst is seeking a Senior Loan Processor to provide quality customer service by obtaining necessary documentation for underwriting the loan file, including ordering third party documentation, communicating directly with the customer and/or loan officer in a professional and effective manner, and provide proper disclosers as required by local, state, and federal regulations.
Duties and Responsibilities:
Receive the mortgage loan application received from the Association. Review supporting documentation for completeness and consistency with the information indicated in the loan origination system (LOS). Input missing or modified information into the Bank’s LOS. Communicate discrepancies with information and documentation requirements with the loan officer.
Review loans for compliance within RESPA, TIL, Integrated Disclosure, HMDA, Reg. B, etc. (all mortgage related regulations). Prepare proper disclosures as required by regulations. Issue initial disclosures and subsequent re-disclosures to borrowers in accordance with established policies and procedures.
Obtain and assemble a complete loan package in proper order for underwriting. Complete credit and appraisal analysis for the loan to ensure compliance with product guidelines. Direct communicate with Loan Originator, customer, Realtor, underwriter and closer in writing and/or by telephone in order to obtain initial and missing documentation required to qualify for the loan, including but not limited to income information, asset information, credit authorization, trust agreements, purchase agreements, etc.
Communicate with various companies to obtain the appraisal, property survey, flood certificate, title commitment, hazard/flood insurance and payoff information. Verify vendor orders are complete and invoices received, and all are in the applicant’s file. Document all communication related to the loan application in the conversation log.
Determine deadlines required to ensure the loan closes within the Purchase and Sale Agreement, rate lock and delivery requirements.
Review all conditions of the loan approval and ensure all conditions are satisfied before submitting the loan to the Closing Department for completion of the closing package.
Schedule and prepare approved loans for closing, including the preparation of the initial Closing Disclosure, and obtain post-closing and quality control conditions as required.
Assist closing, post-closing, secondary and servicing teams with outstanding suspense items after loan closing.
Manage an active pipeline of 45+ loans by reports within allotted turn-around times
Assist in the training of new loan processors and other department personnel
Performs other duties as requested by management
High school or college diploma
Minimum of 3-4 years’ experience in residential mortgage processing, loan analyst, processing assistant or loan officer assistant
General knowledge of all mortgage and consumer lending documents, practices and regulations. Specific knowledge of RESPA, TIL and Integrated Disclosure guidelines
Ability to handle full caseload of submissions of purchase, refinance and construction-to-permanent loans with finite lock periods
Must be able to make sound decisions and work at an acceptable pace as to avoid delays and/or closing and rate lock extensions
Excellent follow-up, problem solving and analytical skills
Excellent written and verbal communication skills
Proficiency in various computer software programs including Microsoft Office, database management and other business applications
Flexibility to handle constantly changing multiple priorities and work under pressure in a fast paced environment
Ability to work with minimal supervision
Ability to handle confidential information in a professional manner