Residential Loan Processor

Incorporated in 1834, Hingham Institution for Savings is one of America’s oldest banks. The Bank provides commercial mortgage and relationship banking services in Boston, Nantucket, Washington, D.C. and the San Francisco Bay Area. Publicly-traded but family-run since 1993, our objective has been to build one of America’s great banks, characterized by superior long-term financial results, a fortress balance sheet that provides unquestionable assurance to our depositors, and an enduring culture of growth and success. We have a small, entrepreneurial team – just under 100 people – and we hold ourselves to high standards.

The Residential Lending Group is responsible for delivering outstanding service to our clients seeking residential lending products. We offer portfolio lending via our Massachusetts-based branch network as well financing both primary and second homes in the Washington DC metropolitan area and San Francisco. The processing, underwriting and closing of residential loans resides within this group. Hingham’s bankers work closely with our customers to assist with their financial needs. With a personal approach, we have the ability to deliver and comment quickly, in a streamlined process, and we can structure unusual transactions that provide unique value to customers.

Role: Strong candidates for this role will have a demonstrated record of accomplishment in residential mortgage loan processing, solid communications skills, the ability to work well under pressure, and in-depth knowledge of regulatory requirements for residential mortgage lending. In this position, you will process the loan file from origination through to closing, working closely with the residential mortgage loan officers and our law office and providing exceptional customer service.

Responsibilities

• Responsible for reviewing and verifying the accuracy of the borrower(s) financial documentation and the mortgage loan application.
• Responsible for gathering all the necessary documentation that is required to receive the loan approval. This includes income documentation, bank statements, liabilities and any other pertaining information as applicable.
• Responsible for organizing, labeling and updating all documents that were provided into its appropriate folder within the Bank’s google drive.
• If the file is incomplete or not ready for credit decisions, issue and monitor Notice of Incomplete Application to keep within compliance timeframes.
• Acts as a point of contact to loan officers, Attorneys, vendors from origination through the close of the mortgage transaction.
• Attend weekly Pipeline meetings with Loan Officers
• Prepares required initial or amended disclosures to ensure compliance with all state/federal regulations and bank guidelines.
• Order services and monitor receipt of services included but not limited to: Flood Certifications, appraisal, title requests and credit reports.
• Communicates loan status’ and related documentation deficiencies to loan officers. Audits loan file documentation to confirm appropriate & accurate receipt and completion of any/all application documentation including, appropriate signatures, dates and other relevant data.
• Reviews and evaluates loan file information/documentation for both compliance and pre-underwriting.
• Ensures that the loan file is complete, accurate and in accordance with Bank requirements including HMDA data collection within Bank’s core loan origination system (Encompass).
• Prepares loan closing documents in accordance with all Bank and regulatory guidelines.
• Review all closing conditions are satisfied and executed according to closing instructions.
• Resolves any post-closing quality control issues.

Qualifications

• 2+ years of experience directly processing and closing residential mortgage loans
• Proficient understanding and commitment to regulatory compliance within residential lending
• Strong analytical skill with the ability to collect, organize and disseminate significant amounts of information with attention to detail and accuracy
• Ability to apply logical and creative thinking to solve complex lending problems
• Strong written and verbal communication skill, including ability to organize and present ideas and information in a simple, concise and unambiguous manner.
• Resilient and able to work autonomously in the face of ambiguity
• Familiarity with Encompass LOS is a plus.

The Pay Range For This Role Is

60,000 – 70,000 USD per year(Corporate Office)

PI260989491