Job Description
Job Description
Oak Bank Introduction
Oak Bank provides business banking solutions with a personal touch and is dedicated to enriching the communities where we live and work. As a collaborative team, our Associates strive for excellence in support of client success. Are you ready to make an impact?
Mortgage Loan Specialist (Underwriter/Processor) Overview
The Mortgage Loan Specialist executes secondary market and in-house residential loans. This role is involved in all aspects of processing which requires skills in underwriting, loan programs, collateral documentation, regulatory compliance, and loan processing software systems. Great opportunity for an experienced mortgage processor to move into a lead processing role, ensuring excellent client service as well as productive internal and external partner relationships.
Mortgage Loan Specialist (Underwriter/Processor) Responsibilities
· Responsible for all aspects of residential mortgage (including in-house and secondary market) and construction loan processing by completing underwriting, applicable paperwork, inputting loans, and verifying documents.
· Maintains processing knowledge of residential mortgage loan programs including but not limited to Fannie Mae (FNMA) and Federal Home Loan Bank (FHLB) MPF loans.
· Requests and reviews supporting documentation such as appraisals, flood determinations, title work, insurance and any other required items as deemed necessary for each loan.
· Conducts necessary searches including but not limited to credit bureau reports, verification of employment and deposit accounts.
· Performs post-closing duties including perfecting collateral, disbursing loan proceeds, handling invoices and completing compliance checks.
· Establishes and maintains loan accounts on the Bank’s core system (FISERV Premier).
· Maintains the systems used to process mortgage loans.
· Assists with selling secondary market loans.
· Prepares and/or reviews residential mortgage loan denials.
· Demonstrates attention to detail in producing all loan documents and maintaining accurate loan files.
· Regularly reviews workflows and procedures to ensure efficient residential loan processing, supporting projects related to system upgrades and enhancements.
· Maintains professional relationships with internal and external clients as well as third party vendors.
· Maintains awareness of legal requirements and best practices, adhering to established bank policies and procedures to mitigate risk.
· Other activities as needed to drive toward our vision and fulfill our mission as a Loan Operations team and organization.
Mortgage Loan Specialist (Underwriter/Processor) Qualifications
· Residential mortgage underwriting, processing or documentation work experience required.
· 3-5 years of residential mortgage experience preferred.
· Knowledge of FISERV Premier, Finastra Mortgagebot LOS, and other mortgage loan processing systems such as Desktop Underwriter (DU) preferred.
· Knowledge of regulations and best practices relevant to residential loans to ensure compliance and mitigate risk.
· Experience with Microsoft Word, Excel and Adobe Acrobat Standard.
· Excellent verbal and written communication skills.
· Good problem-solving skills using experience, knowledge and policies and procedures provided.
· Ability to meet deadlines and prioritize work while working independently.
· Demonstrated attention to detail to ensure accuracy and detect discrepancies for follow-up.
· Able to collaborate as part of an overall team, supporting others throughout the bank to achieve goals and objectives.
Oak Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.
Company DescriptionOak Bank: 25 Years of Growing Dane County
As Oak Bank celebrates its 25th anniversary, the story of its success is one of deep roots, loyal relationships and a steadfast commitment to the business community it serves.
Since opening its doors in 2000, Oak Bank has purposely remained local, with just a single branch. Yet over that time, it’s helped more...and more...and more Dane County businesses grow. From small startups with big dreams to established companies looking for a more personal banking experience, Oak Bank has been a trusted partner in every step of their journey.
“It’s really not about the number of branches,” says founder and chairman Bob Gorsuch. “It’s about the people who stick around, develop strong relationships and get involved in their communities.”
That philosophy has guided Oak Bank from day one. Rather than expanding into a regional chain or merging with a corporate entity, Oak Bank stayed rooted in Dane County. It’s a decision that has not only set them apart but also helped them become a half-a-billion-dollar institution in the process.
That sense of community isn’t just a nice bonus, it’s baked into how Oak Bank operates. Their team members are more than banking professionals; they’re neighbors, volunteers and community members who believe a strong local bank can make a strong local economy. Oak Bank’s annual Pumpkin Give-Away has become a Dane County institution, donating thousands of dollars to local charities.
Gorsuch, who recently marked his 60th year in banking, sees the bank’s role in the community as a two-way street. “When we started, we saw so much potential in Fitchburg,” he says. “We wanted to serve that area with a unique focus on relationships and problem-solving. And once we proved that model, we were able to serve clients throughout Dane County and beyond, with just one branch.”
Today, Oak Bank is more than just a financial institution. It’s a force for growth in Dane County, a true partner to hundreds of local businesses, a supporter of libraries, parks and nonprofits, and a testament to the power of doing things differently.
From acorns of ideas to mighty oaks of achievement, Oak Bank has helped businesses of all sizes grow stronger over the last 25 years. And with its people-first philosophy, it’s poised to help even more in the next 25 and beyond.
https://www.linkedin.com/company/oak-bank/
Company Description
Oak Bank: 25 Years of Growing Dane County\r\n\r\nAs Oak Bank celebrates its 25th anniversary, the story of its success is one of deep roots, loyal relationships and a steadfast commitment to the community it serves.\r\n\r\nSince opening its doors in 2000, Oak Bank has purposely remained local, with just a single branch. Yet over that time, it’s helped more...and more...and more Dane County businesses grow. From small startups with big dreams to established companies looking for a more personal banking experience, Individual clients appreciate our personalized service model as well. Oak Bank has been a trusted partner in every step of their journey.\r\n\r\nThat philosophy has guided Oak Bank from day one. Rather than expanding into a regional chain or merging with a corporate entity, Oak Bank stayed rooted in Dane County. It’s a decision that has not only set them apart but also helped them become a half-a-billion-dollar institution in the process.\r\n\r\nThat sense of community is baked into how Oak Bank operates. Their team members are more than banking professionals; they’re neighbors, volunteers and community members who believe a strong local bank can make a strong local economy. Oak Bank’s annual Pumpkin Give-Away has become a Dane County institution, donating thousands of dollars to local charities.\r\n\r\nToday, Oak Bank is more than just a financial institution. It’s a force for growth in Dane County, a true partner to hundreds of local businesses, a supporter of libraries, parks and nonprofits, and a testament to the power of doing things differently. Our mortgage services team is an important component of our personalized client service model.\r\n\r\nWith its people-first philosophy, Oak Bank is poised to help even more clients in the next 25 and beyond.\r\n\r\nhttps://www.linkedin.com/company/oak-bank/