Pre-underwrite loans utilizing investor and agency guidelines as well as AUS finding prior to submission for underwriting. Proactively research investor guidelines to ensure accurate processing of the file.
Receive loan application files and update LOS daily to ensure accuracy of reporting. Gathers necessary documents to process loans and analyze credit, capacity, and collateral to investor requirements.
Organize and review initial information submitted within allotted time frame.
Order, follow up, validate, and review verifications, appraisal, flood certification, private mortgage insurance certificate, credit report, HOA/Condo letters, home owners insurance, title work, and any other documentation required by the loan program. Communicate problems and concerns with the Loan Officer and Underwriter.
Calculate monthly income and debt, debt-to-income ratios, loan-to-value ratios, and sufficient funds to close with appropriate reserves as required by the loan program and investor.
When additional information is needed from the borrower, Loan Officer, or Realtor, the Processor is to be proactive in contacting necessary parties to obtain information to insure commitment and closing dates are met.
Field phone calls from mortgage customers and formulate the appropriate action needed to help them and enhance their relationship with Busey Bank. This includes assisting the Loan Originator with promoting Busey products to meet cross-sell goals.
Assist the Loan Officer, Underwriter, and Closer with quality control audit cures or any Post-Closing investor corrections.
Strong oral and written communication skills
Secondary market guidelines
Strong organizational skills
Maintain confidentiality of customer information.
Analyze information and make independent decisions
Perform duties under frequent time pressures
Solve problems independently while applying logic and discretion
Education and Training
Requires High School diploma.
Requires 2 or more years of related banking experience.
2 or more years of experience in Loan Processing (FHA/VA/USDA) preferred.
Mortgage Loan Processor II - Requires previous experience in processing and underwriting all loan types.
Requires knowledge of Microsoft Office.
EOE of Minorities/Females/Vets/Disability
Internal Number: MORTG02031
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.