Looking for an opportunity to build on your mortgage processing experience? We're seeking a Mortgage Loan Processor II who thrives in a fast-paced environment, values accuracy, and enjoys working collaboratively to deliver an exceptional customer experience. Join a team that values professional growth, teamwork, and serving our communities. Apply today!
About Us
Rooted in Our Community Since 1966
Byron Bank was founded on a simple idea: banking should be personal, dependable, and deeply connected to the people it serves. Nearly 60 years later, that vision remains at the heart of everything we do.
Since 1966, Byron Bank has stood strong as a community partner, resilient through change, and always focused on people first. Guided by three generations of dedicated leadership, we’ve stayed true to our mission of building lasting relationships, supporting our local economy, and showing up for our neighbors - because that’s what community is all about.
Our commitment extends beyond banking. We actively participate in initiatives that support education, local businesses, and community development. By investing our time and resources,
we aim to make a positive impact on the lives of our neighbors.
Byron Bank is proud to be more than just a bank; we are proud to be a leader in our community.
Learn more at: https://byronbank.com/about-us/communityinvolvement
Why Should You Join Us?
At Byron Bank, "You Ask, We Help" isn’t just a tagline, it’s our approach to everything we do. We understand what it takes to provide our customers with the level of service they expect and the solutions they need to help them achieve their financial goals. We recognize that our greatest asset is our employees and take great pride in hiring qualified individuals to complement our existing teams.
We’re always eager to connect with talented individuals who share our commitment to exceptional service and community impact. Join us and help our customers feel confident about their financial futures-every conversation, every day.
What You Should Know About The Role:
The Mortgage Loan Processor is responsible for managing a pipeline in conjunction with our Mortgage Lenders to ensure all loans are closed in a timely manner and in accordance with regulatory requirements. Individuals would have the capabilities of handling each aspect of the loan from start to finish; initial disclosures through the closing process.
Job Duties & Responsibilities:
Production Processor:
- Manage Applications-Review mortgage applications for completeness, collect required paperwork, and assemble files for underwriting.
- Route Files-Assign new internet-received mortgage applications to loan officers and generate unique loan numbers.
- Send Initial Disclosures-Prepare and issue early loan disclosures while strictly meeting TRID guidelines and compliance.
- Execute Re-Disclosures-Complete file re-disclosures for locked loans or changed circumstances in compliance with TRID timelines.
- Coordinate Verifications-Order flood certifications, title commitments, appraisals, homeowner's insurance, and required VOEs/VODs.
- Monitor Pipelines-Track compliance alerts, follow up with loan officers on aging files, and liaise with borrowers.
- Clear Conditions-Clear and satisfy underwriting conditions efficiently in direct conjunction with the loan officer.
- Liaise Externally-Communicate seamlessly with realtors, attorneys, and third-party title companies throughout the process.
- Update Customers-Provide borrowers with timely, periodic status updates regarding their active loan applications.
- Handle Denials-Complete and mail out formal adverse action notifications for denied or withdrawn files.
- Protect Data-Maintain the highest level of confidentiality and discretion regarding sensitive customer and bank information.
- Drive Improvement-Contribute directly to the continuous development and improvement of bank lending policies and procedures.
Loan Closing:
- Assemble Closing Packages-Prepare closing packages tailored to Secondary Market Investors and Byron Bank in-house loans.
- Finalize Numbers-Partner with local title companies to verify final numbers and ensure timely closing package delivery.
- Verify Employment-Complete mandatory 10-day Verbal Verifications of Employment (VVOE) prior to mortgage closings.
- Report HMDA Data-Complete and log final Home Mortgage Disclosure Act information in Wolters Kluwer software.
- Post-Close Review-Thoroughly process signed closing packages, track collateral, balance loan tickets, and record documents.
- Audit Insurance-Review final insurance documents to verify accuracy of the required mortgage clauses.
- Load Core Systems-Successfully load finalized and booked loan data directly into our core banking system.
- Fund Grant Programs-Prepare complex funding packages for Illinois League Down Payment Plus grants and IHDA.
- Manage Investor Sales-Facilitate the preparation of funding packages for Servicing Sold Loans.
- Track and Image Documents-Image and track all recorded mortgages and title policies while following up on missing items.
Additional Duties & Responsibilities:
This position description is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required of the employee. Duties and responsibilities may change, or new ones may be assigned at any time with or without notice.
Required Skills & Attributes:
The following skills and attributes are needed to be successful in your banking career as a Mortgage Loan Processor:
- Organizational Skills-Meticulous organizational habits with the ability to spot data discrepancies instantly.
- Communication-Excellent interpersonal and communication skills to confidently guide borrowers and mortgage loan officers.
- Adaptable Work Style-Proven ability to work successfully both independently and collaboratively as part of a close-knot team.
- Perform Under Pressure-Ability to work effectively under high stress levels, managing frequent interruptions and tight, rapidly changing deadlines.
- Software Proficiency-High degree of computer/technology literacy and the ability to master new technology/software.
- Industry Knowledge-General knowledge of the mortgage industry with a deep understanding of appropriate regulations, guidelines, and underwriting standards.
- Product Knowledge-Solid comprehension of residential mortgage loan products and strict regulatory requirements.
Education & Experience:
- High school diploma or equivalent.
- 2 or more years of direct experience in the mortgage loan processor role.
Physical Requirements:
- Ability to sit for up to 8 hours a day.
- Ability to work on a computer for extended periods of time.
Pay Range:
$20.50-$25.00 per hour
Compensation Overview:
The anticipated hiring range for this position is $20.50-$25.00 per hour, which reflects what we reasonably expect to pay for candidates who meet the standard qualifications for the role. Actual base pay will vary depending on job-related knowledge, skills, credentials, experience, and location.
Benefits:
- Health Insurance (Medical, Dental, Vision)
- 401(k) with match
- Health savings account
- Life insurance
- Paid time off (vacation, sick, volunteer)
Work Location:
- Byron, in office
- Poplar Grove, in office
Equal Employment Opportunity:
Byron Bank provides equal opportunity for all employees and applicants for employment and makes all employment decisions without discrimination on the basis of race, religion, color, sex (including pregnancy and gender identity), sexual orientation, national origin, age, disability, family medical history or genetic information, political affiliation, military service, disability challenges, marital status, ancestry, status upon discharge from military service, order of protection status or other non-merit based factors (actual or perceived). These protections extend to all management practices and decisions, including recruitment and merit practices, appraisal systems, promotions and training, and career development programs.
