Senior Loan Processor

Midwest BankCentre is proud to be recognized as one of St. Louis’ Top Workplaces for the past 5 years! Are you ready to lead with purpose and make a real impact on our community? Join Our Team and Make a Difference at Midwest BankCentre! Why Midwest BankCentre? Our company culture is all about engagement and collaboration with our teams. We value diversity, inclusion, and innovation. When you join Midwest BankCentre, you're not just joining a company; you're joining a community of like-minded individuals who are dedicated to making a positive impact. We are committed to making meaningful, long-term investments in communities that lift everyone up so we can all RISE TOGETHER. Our commitment to shared prosperity, our investment in Community and Economic Development and our dedication to diversity and inclusion are reflected is the ways Midwest BankCentre lives its purpose.

Objectives of this Role

• Prepare accurate mortgage application documentation for loans to meet Fannie/Freddie/FHLB/GNMA, FHA, VA, USDA, MI and in-house underwriting guidelines
• Analyze and monitor receipt of credit and collateral documents
• Provide Processing support for loan officers
• Maintain compliance to all regulations throughout the application process
• Confirm accuracy of application data through analysis and verifications.
• Provide training and support within all areas of mortgage operations.
• Ability to conduct a junior underwriting analysis of a loan for appropriate pre-approval.

Essential Functions

• Prepare proper application and documentation to perfect Bank’s interest and mitigate risk
• Obtain processing documents to ensure timely issuance of loan commitments and closings (e.g., appraisal, title, income verification, asset verification; etc.)
• Skilled ability to determine necessary documents for mortgage file, including collateral and regulatory documents through trained/learned experience with AUS and underwriting requirements.
• Determine the validity and completeness of mortgage application and processing documents
• Satisfactory review of all documents to meet all federal, state, secondary market and in-house underwriting and compliance guidelines
• Scan and index documents in an accurate and organized fashion for submission to underwriting and proper submission to investors and/or auditors.
• Clear all conditions from underwriting and release approved mortgage to closing
• Prepare mortgage file and submit to closing in timely manner to remain compliant with guidelines.
• Communication with the mortgage loan officers and customers as it relates to customers, applications, loan commitments, closings, lock expiration dates and documentation
• Ability to effectively manage the entire pipeline to ensure timely completion of the mortgage process.
• Main point of contact to ensure a seamless experience through the mortgage process.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities are as required and may change at any time with or without notice.

Supervisory Responsibilities – None

Competencies

• Customer Centric Focus
• Diversity and Inclusion
• Act with Integrity
• Collaboration and Teamwork
• Results Oriented/Execution
• Business Acumen

Skills and Qualifications

• High school diploma or equivalent
• Basic math and computer skills
• Excellent communication (written and verbal), customer service, organization, and time management skills
• Ability to handle high workload and maneuver through multiple tasks efficiently
• Ability to pass a background check
• Strong dedication to accuracy and efficiency
• Minimum of 5-7 years in mortgage loan processing is required
• Knowledge of FHA/VA/USDA/Down Payment Assistance programs and their systems preferred.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear. This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.

AAP/EEO Statement

Equal Opportunity Employer of Minorities, Females, Protected Veterans, and individuals with Disabilities

Ready to Make Your Mark? If you're passionate about banking with a purpose and ready to take the next step in your career, we want to hear from you! This is an excellent opportunity for individuals with commercial credit experience who are eager to contribute to our community-focused mission.

Why Join Us:

• Community Focus: Be part of a community bank that values and actively supports the St. Louis area.
• Competitive Compensation: We offer a comprehensive salary and benefits package.
• Professional Growth: Opportunities for continuous learning and development.
• Impactful Work: Play a key role in shaping the credit strategy and success of our organization.
• Collaborative Culture: Work in a supportive and dynamic environment that values teamwork and innovation.

Don’t meet every single requirement? If you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be the right candidate for this or other Midwest BankCentre roles! Equal Opportunity Employer Midwest BankCentre is an equal opportunity employer as to all protected groups, including protected veterans and individuals with disabilities. We thank all applicants in advance for their interest in this position and Midwest BankCentre. Only applicants selected for an interview will be contacted.