The Loan Processor/Closer Oversees the home loan application process and communicating with clients, regardless of their loan status. The successful candidate will approve credit analysis and validating and verifying all loan application information and for coordination of the home loan closing process. This person will present loans to the Loan Review Committee for review and make recommendations based on credit information.

This list is intended only to illustrate the various types of work that may be performed.  The omission of specific statements does not exclude them from the position if the work is similar, related or is a logical assignment to the position.

1. Supervise or Manage outreach activities to familiarize Tribal Members and the community about Tribal Home Loan programs and services.
2. Oversee Credit Counselor and loan specialist position and analyze all loan applicants for Mortgage, vehicle and personal loans.
3. Manage Staff that Interview applicants to assess qualification for loan programs.
4. Analyze credit, income, asset, and spending habits within Loan Package for credit-worthiness.
5. Review complete file from Credit Counselor or loan specialist and draw documents and update loan software before loan closing.
6. Oversee the Input/update of data and monitor progress of all loan files on loan processing software.
7. Analyze and verify all documentation submitted for file completeness and accuracy.
8. Review conditions with client and let them know of any additional information that needs to be sent right away.
9. Review the terms and the structure of the loan with the client.
10. Review and approve all loan documents such as Promissory Notes, Deeds of Trust, and Closing disclosures.
11. Order third party reports including credit reports, escrow instructions, preliminary title reports, and appraisal and wiring instructions.
12. Coordinate loan closings with lenders, customers, escrows, and title companies.
13. Oversee the trainings that relate to consumer and mortgage lending.
14. Maintaining communication with clients, vendors, real estate brokers, escrow agents, and title companies.
15. Stay current with home lending regulations.
16. Prepare and submit monthly reports to Housing Director.
17. Draw funds for down payment assistant.
18. Prepare and submit policy changes for Board and Housing Director review.

Required:

• Graduation from an accredited four-year college or university with a degree in accounting, finance, or business or a closely related field.
• Five (5) years of progressively responsible related experience, that includes supervision.
• Ten (10) years’ experience in real estate, mortgage and consumer lending industry with a thorough understanding of the regulations applicable to lending may be submitted for education requirement.

Skilled in:

• Mortgage processing, banking, consumer lending, real estate agent, closing agent or finance and detail oriented.
• Must have experience and proficiency in Microsoft Word, Excel, and Access.
• Effective written and verbal communication skills.

Knowledge in:

• Researching client problems, conflict resolutions and finding solutions.
• Private mortgage lending practices, programs and institutions, including inspections, appraisals, required and acceptable documentation, underwriting standards, types of lenders and types of loans available and informal negotiations and options that might assist marginal borrowers or resolve payment problems.
• Knowledge of Fannie Mae, Freddi Mac and similar lending regulations.
• Detail oriented with aptitude for math.
• Knowledge of real estate industry.

Ability in:

• Ability to learn new company and program specific lending software programs, as well as working proficiency utilizing MS Office programs and e-mail.
• Ability to multi-task and organize large workloads.

The working conditions described herein are representative of those that must be met by an employee to successfully perform the essential duties of this class. 

While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to walk and climb stairs; use hands to operate, finger, handle, or feel objects, tools, or controls; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.  The noise level in the work environment is usually moderately quiet.