Banner Bank
Mortgage Loan Servicing
DrawProcessor
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“Draw Processor at Banner Bank. Skills: construction loan processing, loan modification, loan extension, secondary market guidelines, regulatory compliance. Perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation. Obtain documentation and approvals necessary to extend matured loans in a timely manner”
What You'll Achieve.
ensure accurate and timely processing of construction loan final draw and floatdown documentation; extend matured loans in a timely manner; facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines
Industry & Context.
Ability to understand and apply changes to regulations and requirements to daily work
What They're Looking For.
Must Have
0 to 2 years of mortgage servicing or banking experience required, Knowledge of all forms and documents for processing all real estate loan types, Ability to understand and apply changes to regulations and requirements to daily work, Ability to prioritize, multi-task, and meet deadlines, Ability to work independently and as part of a team, Posses well-developed verbal and written communication skills including proper grammar and correct spelling, Communication occurs via phone, email, or written correspondence with customers and co-workers, Knowledge of investor, federal and state laws and regulations relating to mortgage servicing
What You'll Do.
Perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation
Obtain documentation and approvals necessary to extend matured loans in a timely manner
Prepare and process completed modification and/or extension documents for of all types of construction loans
Calculate and apply extension fees
Submit invoices for payment
Order and review updated appraisals
Assist in the preparation of file for possible sale on the secondary market
Monitor construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines
Gather and review documents pertaining to the completion of home loan construction
Process system changes to convert loans from the construction to permanent financing phase
security requirements
and government regulations
How You'll Work.
Team & Collaboration
Ability to work as part of a team; Communication occurs via phone, email, or written correspondence with customers and co-workers
Communication Scope
well-developed verbal and written communication skills including proper grammar and correct spelling; Communication occurs via phone, email, or written correspondence with customers and co-workers
Full Job Description
## Description As a Draw Processor with Banner Bank you will Perform administrative duties needed to ensure accurate and timely processing of construction loan final draw and floatdown documentation. ## In this role you'll have the opportunity to Responsible for obtaining documentation and approvals necessary to extend matured loans in a timely manner. Prepare and process completed modification and/or extension documents for of all types of construction loans. Calculate and apply extension fees. Submit invoices for payment. Responsible for ordering and reviewing updated appraisals, 442s, and title policies. Assist in the preparation of file for possible sale on the secondary market. Monitor construction draw portfolio to facilitate final draws and modifications in accordance with company policy and secondary marketing guidelines. Responsible for gathering and reviewing documents pertaining to the completion of home loan construction. Responsible for processing system changes to convert loans from the construction to permanent financing phase. Responsible for complying with policies, procedures, security requirements, and government regulations. ## Education & Certifications H.S. Diploma: required ## Experience 0 to 2 years of mortgage servicing or banking experience required ## Knowledge, Skills and Abilities Knowledge of all forms and documents for processing all real estate loan types. Ability to understand and apply changes to regulations and requirements to daily work. Ability to prioritize, multi-task, and meet deadlines. Ability to work independently and as part of a team. Posses well-developed verbal and written communication skills including proper grammar and correct spelling. Communication occurs via phone, email, or written correspondence with customers and co-workers. Knowledge of investor, federal and state laws and regulations relating to mortgage servicing. ## Compensation & Benefits Targeted starting hourly range (based on experience): $18.17 - $24.
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