Mortgage Loan Processor

Company Name:
Heartland Financial USA, Inc.
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National Residential Mortgage is hiring a Mortgage Loan Processor III for the Lake Oswego, OR office.

Under general supervision, the Mortgage Loan Processor III position is responsible for processing residential loan transactions according to product and underwriting guidelines. The Mortgage Loan Processor III will obtain and review any necessary documentation to assure loan transactions are complete and documented properly prior to submission to underwriting. Additionally, the Mortgage Loan Processor III as directed by Loan Processing Manager will assist in mentoring and training the Mortgage Loan Processor I and II.


Prepare and distribute the initial disclosure package in accordance with Reg Z & Reg X standards.
Monitor "new lock" report daily for re-disclosure in accordance with Reg Z & Reg X standards.
Monitor fee changes, prepare and distribute re-disclosures in compliance with the "change in circumstance policy".
Perform file set-up functions to include, but not limited to; USPS, flood cert, data verify, 4506, complianceEase, credit reports, verifications, HOI/Flood, HOA cert, payoffs, subordination agreements, appraisal, title and LQI.
Collect and process upfront fees and reconcile prior to submission to closing or cancelation of file.
Process denied and withdrawn files in compliance with Reg B and Reg C standards.
Perform welcome call & obtain any and all necessary documentation from customers to complete transaction for submission to underwriting within 7 days.
Review and validate all credit, asset, income, purchase contract, appraisal and title documents according to underwriting guidelines and/or underwriting conditions prior to initial and final submission to underwriting.
Analyze self-employed income with personal and business tax returns according to product/investor guidelines to include but not limited to, Schedule C, Schedule E and K1 income.
Validate documentation reviewed satisfies DU or LP findings.
Manage pipeline.
Maintain consistent communication with MLO's and customers on the status of each transaction to assure all purchase transactions are closed by COE date, and refinances prior to the lock expiring. Re-set expectations when necessary, and agreed upon by all parties in the transaction.
Prepare transactions for closing and assist closing or post closing when requested.
Performs other duties as assigned.

Job Requirements:

Two-year college degree in business or accounting, or equivalent combination of training and experience.

3-5 years experience as a Mortgage Loan Processor of Conventional, Government, USDA and Jumbo loans.
Knowledge of underwriting guidelines for FNMA, FHLMC, FHA, VA, USDA, JUMBO.
Knowledge of Automated Underwriting Systems such as DU and LP.
Strong knowledge of mathematical skills and calculation of Self Employment income.
Excellent organization, multi-tasking and professional communication skills while meeting deadlines.
Ability to work in a cross-functioning team environment.
Knowledge of Microsoft Word and Excel.
Accuracy and strict attention to detail a must.
Ability to maintain a pipeline of 25-35 loans.
Ability to submit a minimum of 18-20 loans to closing each month.

National Residential is a subsidiary of Dubuque Bank & Trust; a member of Heartland Financial USA, Inc., a $5.7 billion diversified financial services company founded in 1981. We have bank branches and loan production offices in Arizona, California, Colorado, Idaho, Illinois, Iowa, Kansas, Minnesota, Montana, Reno, Nevada, New Mexico, Nebraska, North Dakota, Oregon, Washington, and Wisconsin. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com
We offer a complete & competitive compensation package including Medical, Dental & Vision Insurance, 401(k), Paid Time Off, Flex Spending, and opportunities for advancement.
Please visit our website to apply!

Heartland's common stock is traded through the NASDAQ Global Select Market System under the symbol "HTLF."

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