Mortgage Loan Processor III

Start a career with First National Bank Alaska, the Best Place to Work in Alaska as recognized six years in a row by Alaska Business Magazine Readers!

The Loan Processor III position is responsible for processing mortgage loan applications according to investor guidelines and bank policy, identifies and assembles required supporting documentation ensuring accuracy and completeness of mortgage loan applications, and answers questions regarding the loan process.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Reviews mortgage loan applications and supporting documentation received from department and branch mortgage loan originators confirming the most suitable loan program has been selected for the borrower, orders additional supporting documentation from borrower and other applicable parties required by investor guidelines and bank policy.

2. Reviews and analyzes documentation for accuracy and compliance with investor guidelines and bank policy; prepares written analysis of income; identifies exceptions to investor guidelines and prepares summaries of compensating factors.

3. Independently reviews and processes complex conventional and government-secured mortgage loans by utilizing online processing software programs, researches online investor guidelines to determine the most appropriate course of action.

4. Assists originating and processing personnel with income analysis and investor guidelines/bank policy questions.

5. Ensures completeness of applications and accuracy of supporting documentation by directly communicating with borrowers, sellers and real estate agents involved in the loan application process and keeps them, along with the originator, current on the progress.

6. Prepares loan application files for closing by ordering closing documents and reviewing supporting documentation to identify anomalies.

7. Performs other work-related duties as assigned by supervisor.

EDUCATION and/or EXPERIENCE

Minimum: Bachelor's degree in business, accounting, finance, or related field and two years loan processing, originating, or closing experience; or four years real estate, commercial lending, or related experience, of which two years must be loan processing, originating, or closing experience; or equivalent combination of education/training and experience including two years loan processing, originating, or closing experience. Demonstrated working knowledge of FHA/VA, AHFC, FNMA, and other investor lending programs. Familiarity with tax returns and financial reports. Preferred: Complete knowledge of FHA/VA, AHFC, FNMA, and other investor lending programs. Demonstrated working knowledge of tax returns and financial reports.

FNBA offers:

Advancement Opportunities

Competitive Compensation

401(k) w/ Employer Matching- 100% Match, Up to the first 6% of Contributions

Generous Paid Time Off

Comprehensive Benefits

Team Environment

Family Friendly Culture

Plus many more great benefits

Please visit us at www.FNBAlaska.com/Careers to view the full job posting and apply today. All applications must be received through FNBA's website to be considered.

FNBA is an Equal Opportunity and Affirmative Action Employer, Member FDIC and Equal Housing Lender.