Sr. Loan Processor

Sr. Loan Processor

Mechanics Bank is currently searching for a Sr. Loan Processor to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Vancouver, WA office.

The Sr. Loan Processor is responsible for the processing of mortgage and consumer loans, providing support to loan originators and sales team associates. The Sr. Loan Processor must have a deeper and broader understanding of the mortgage process, including handling complex and non-standard cases. This role will often have additional responsibilities, which can include overseeing the work of a Junior loan processor, handling more complex loan files and possibly training or mentoring less experienced staff. Due to level of experience, a Sr. Loan Processor will have greater authority in making decisions related to the loan process. This role will be empowered to handle exceptions or make judgement calls in situations that are not straightforward, assist in developing or revising processing procedures and handle problematic or challenging cases that require a higher level of expertise.

What you will do :

• Under minimum supervision, performs at a proficient skill level all aspects of the department including advanced knowledge of loan documentation software for First and Second Lien Mortgages. Reviews all loan applications, including the most complex and non-standard cases, for completeness and accuracy. Verify applicant information, income, employment history and credit.
• Must be able to process all types of loan files within pipeline at different stages of the loan process. Order, collect, verify and analyze documentations required for submitting files to Underwriting. Order and follow up with third party vendors. Calculate income, able to read tax returns, and other income documentation. Pipeline management, meeting contingencies and close of escrow dates.
• Assure loan packages are accurate and compliant with State and Federal Regulations, RESPA, Reg Z, HMDA and Reg B, etc. Ability to order AUS, comprehend and clear AUS conditions / findings. Ability to prioritize daily work to meet deadlines and adjust to last minute changes.
• Collect and organize all necessary documentation from sales team. Order verifications and validate documentation and information.
• Maintain clear and open communication with sales team, underwriters, escrow, etc., throughout the loan process. Prepare and submit complete loan files to underwriting for approval.
• Ensure compliance with all federal and state regulations governing mortgage lending.
• Identify and resolve any issues or discrepancies in loan file. Manage loan pipeline to meet processing deadlines, loan contingencies and closing dates.
• Participates in departmental projects. May oversee work of less experienced loan processors. Performs all other job duties as assigned by supervisor.

Who you are :

Pay Range : $22.54 - 38.32 AIP / Bonus : up to 5%

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire. Benefits package includes :

Final compensation package will be determined by the work experience, education, and / or skill level of the applicant along with internal equity and alignment with geographic market data.