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Loan Processor II(N) – Anchorage

First National Bank Alaska

This is a Contract position in Anchorage, AK posted July 4, 2020.

Loan Processor II(N) – AnchorageSalary: $ 18.00 /Hourly + DOEStart a career with First National Bank Alaska, the *Best Place to Work in Alaska* as recognized four years in a row by Alaska Business magazine readers.GENERAL PURPOSE SUMMARYProcesses mortgage loan applications according to investor guidelines and bank policy; assembles supporting documentation and confirms accuracy and completeness of mortgage loan applications; answers routine questions regarding the loan process by performing the following essential duties and responsibilities:ESSENTIAL DUTIES AND RESPONSIBILITIESReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.* Reviews loan applications and supporting documents received from mortgage loan originator and confirms borrower’s eligibility for the loan program selected; orders supporting documentation required by investor guidelines and bank policy for loan processing.* Processes complex conventional loans and basic government-secured loans by researching program requirements and utilizing processing software programs.* Reviews and analyzes documentation for accuracy and compliance with investor guidelines and bank policy; requests additional information from borrowers when necessary; prepares analysis of income and summaries of compensating factors for loans with exceptions to investor guidelines.* Ensures completeness of applications and supporting documentation by contacting borrowers, sellers and real estate agents involved in the loan application process and keeps them, along with the originator and supervisor, apprised on the progress of loan applications.* Compiles supporting documentation in accordance with underwriting guidelines and submits to underwriting for loan approval.* Prepares loan application files for closing by ordering closing documents and reviewing supporting documentation to identify anomalies.* Performs other work-related duties as assigned by supervisor.QUALIFICATION REQUIREMENTSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.EDUCATION and/or EXPERIENCE:Minimum: Associate’s degree in a business related field plus one year of loan processing, mortgage lending, or banking related experience, and plus one year of administrative experience; or equivalent combination of education/training and experience. (3 years total)Preferred: Associate’s degree in a business related field and two years of loan processing, mortgage lending, or banking related experience; or equivalent combination of education/training and experience. Customer Service Experience.SKILLS and ABILITIES:Ability to operate a 10-key calculator by sight and to keyboard 30 wpm required. Word processing software experience required. Familiarity with tax returns and financial reports preferred.LANGUAGE SKILLS:Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively with customers or employees of organization.MATHEMATICAL SKILLS:Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.REASONING SKILLS:Ability to apply common sense understanding while carrying out written, oral, or diagram instructions; and to deal with problems involving several variables in standardized situations.PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl.The employee must occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, and the ability to adjust focus.WORKING CONDITIONSThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.The noise level in the work environment is usually moderate.