First Federal Bank of Louisiana is currently seeking a Mortgage Loan Processor/Closer in the Loan Processing and Closing Department. The position is located at the Main Office in Lake Charles, Louisiana.
About Us First Federal Bank of Louisiana is a full-service, locally owned community bank that has helped build the communities we serve for over 75 years. With over one billion dollars in assets and 16 offices currently serving multiple parishes across Southwest and Central Louisiana, we are proud to offer our customers comprehensive retail and commercial products as well as investment services to meet all of their financial needs. Empowering people and places to realize and attain their dreams is what our community-first banking is all about, and that's what our team strives to do in the communities we serve each and every day. Visit www.ffbla.bank to learn more. Member FDIC, Equal Housing Lender.
Position Summary Gathers, inputs and updates required documentation from point of submission to closing by communicating and working with lenders, realtors, sellers, abstractors, attorneys, and surveyors. Rediscloses loan estimates, provides initial and final closing disclosures, prepares legal documents for closings, and reviews files for compliance.
Essential Duties & Responsibilities include, but are not limited to, the following: - Processes real estate, interim, mobile-home, lot, bridge, home equity and HELOC loans; meets regulatory disclosure requirements; reprocesses and updates permanent loans upon interim completion.
- Reviews loan file for completeness, scans and indexes documentation, updates the loan origination software, calculates ratios, inputs and tracks preliminary and underwriting conditions.
- Answers inquiries concerning loan processing; supports lender in working with applicant.
- Orders and reviews the compliance report for each loan file during processing and closing milestones; addresses regulatory discrepancies.
- Verifies and obtains information needed for underwriting, including reviewing desktop underwriter findings.
- Orders flood determinations, obtains flood insurance, homeowners' insurance, and verifies coverage and deductibles.
- Orders, reviews, and analyzes all mortgage & conveyance requests, title opinions, and title policies; reviews the online clerk of court website for deeds and mortgages.
- Requests invoices from attorneys, realtors' commissions, payoffs, property tax information, and seller information in order to prepare closing disclosures.
- Obtains tax amounts from tax assessor; calculates and includes prorated taxes on closing disclosures, when applicable.
- Issues checks, transfers funds within the bank's general ledger system to balance records.
- Prepares loan estimates, initial and final closing disclosures, and routine correspondence; provides documents through eDisclosures or mail.
- Prepares applicable closing documents for the appropriate loan type, and ensures all documents are compliant.
- Coordinates closing appointments with lender and attorney.
- Processes interim draws to include calculation of completion and deposit of funds.
- Orders appropriate surveys for interim and permanent construction closings.
- Extends interim construction loans.
- Processes adverse action documents for all non-originated loan files, completes the secondary review, pays bills and requests funds due from client.
- Compliance training is assigned to all Bank personnel based on their position with the Bank. Employees are required to complete all assigned training timely and in accordance with Bank policy.
Minimum Qualifications - High school diploma or GED
- One (1) year experience working with real estate legal documents
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are a basic summary of the knowledge, skill, and/or ability required. The full job description is attached as a pdf to this job posting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties & Responsibilities 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 may change at any time with or without notice.
Equal Opportunity Employer The employment policy of First Federal Bank and its subsidiaries is to provide an equal employment opportunity for all employees and job applicants without regard to race, color, religion, sex, national origin, age, individuals with disabilities, protected veteran status, sexual orientation, gender identity, genetic information, or any other legally protected characteristics or activities in accordance with applicable laws.
Monday - Friday, 8 AM - 5 PM