Warehouse Lending Processor

Commonwealth Bank & Trust - Louisville, KY (30+ days ago)


We have an immediate need for a Warehouse Lending Processor in our Credit Department. This position is responsible for obtaining appropriate documentation to obtain final approval on all new Warehouse advance requests. Assists and updates all parties with any questions involved with the transaction. Verifies and recommends approval for Closing Agents (CA). Reviews requests to ensure loan policies and regulatory compliance requirements are met. Responsible for ensuring funds are wired in a timely fashion to the CA. Responsible for verification and secure storage of collateral. Handles the reconciliation of bank accounts upon settlement.

Major Duties and Responsibilities:

  • Review initial and revised funding requests for compliance and accuracy
  • Review funding request documentation provided for accuracy and follow up with appropriate parties for additional information required
  • Approves CA’s as necessary
  • Review collateral upon receipt
  • Shipping and tracking of collateral
  • Interact with originators, and other bank staff to expedite funding and reconciliation of accounts
  • 1-3 years of experience in the mortgage industry
  • High school education
  • Knowledge of operational functions.
  • Good oral and written communication skills.
  • Computer knowledge
  • Knowledge of mortgage documentation

Job Type: Full-time

Experience:

  • mortgage industry: 1 year

Education:

  • Associate