Loan Processor in Newburyport, Massachusetts at Institution for Savings

Loan Processor – Residential Lending

The Institution for Savings is seeking a full-time, in-office Loan Processor. The ideal candidate should be detail-oriented and highly organized to support the mortgage lending team. This role is responsible for managing residential loan files from application through closing and evaluates credit, income, assets, collateral and overall risk in accordance with the Bank's portfolio lending and applicable regulatory requirements.

Key Responsibilities:

Qualifications:

• Bachelor’s degree or one to two years related experience and/or training; or an equivalent combination of education and experience
• Knowledge of residential mortgage products, credit analysis and underwriting concepts; prior underwriting experience preferred.
• Knowledge of Freddie Mac underwriting standards is a plus; ability to learn and consistently apply the Bank's portfolio loan programs and policies is required.
• Familiar with loan origination systems and document management tools.
• Excellent attention to detail, organizational, judgement, written and verbal communication skills, with the ability to work independently and collaboratively.

The salary range posted is one component of the Bank’s compensation package. The Bank offers an excellent benefits package including 100% paid medical, dental and vision insurance, 401(k) match up to 10%, life insurance, pet insurance, disability insurance, pension plan after 2 years of service, quarterly incentive plan, generous vacation and paid time off.

Pay Range: $27.00-$32.00 per hour

The Institution for Savings is an Equal Opportunity Employer. Member of FDIC. Member DIF