Job Description
Job Location: 864 Residential Lending Operations Center - Arlington, MA 02476
Position Type: Full Time
Salary Range: $49,756.62 - $74,634.42 SalaryLeader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $2 billion.
Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always be improving our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Mortgage Loan Processor will be responsible for taking all necessary steps in accordance with internal policies and procedures of Leader Bank to bring residential loan transactions to a “ready to underwrite” status. Applicants will be trained to understand and regularly utilize FNMA, FHLMC, and FHA products. It is essential that the candidate demonstrates the ability to work in a fast-paced environment.
Responsibilities
- Process 1st and 2nd mortgage applications and preparing the physical file for the underwriter.
- Process FHA, conforming, and non-conforming loans.
- Accurate and timely delivery of RESPA/TIL documents to potential Borrower(s)
- Order and follow up with vendors for proper appraisal, title, closing, flood, etc.
- Follow up with Loan Officers and Borrower(s) to obtain any required additional loan documentation.
- Update Borrower(s) profiles and applications.
- Update and validate DU and LP findings.
Qualifications
- Minimum of 1 year experience in mortgage loan processing required.
- Excellent verbal and written communication skills.
- Ability to operate a personal computer with a strong knowledge of MS Office.
- Ability to work independently, take initiative and complete tasks within deadlines.
The base salary range below represents the low and high end of the Leader Bank salary range for this position. Actual salaries will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.
Salary Minimum: 49756.62 - Salary Max: 74634.42
The range listed is just one component of Leader Bank’s total compensation package for team members. Other rewards may include annual bonuses, commissions, short- and long-term incentives, and program-specific awards. In addition, Leader Bank provides a variety of benefits to eligible team members, including health insurance coverage, a team member wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off and vacation.
Leader Bank offers an excellent compensation and benefits package including: 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status or any other protected class.
Leader Bank is an E-Verify® participant.* For more information, click on the links below:
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