Mortgage Loan Processor at Central Bank – Sioux City, Iowa

POSITION SUMMARY

The Mortgage Loan Processor is a fully proficient mortgage professional responsible for independently processing, preparing, reviewing and finalizing loan closing packages for residential real estate loans in accordance with Bank, Investor, and Secondary Market guidelines. This role manages a full pipeline of moderate to higher-complexity loans while owning the loan file from processing through closing, with post-closing support as needed. The Loan Processor II ensures loans are completed accurately, timely, and in full regulatory compliance, while proactively resolving issues and serving as a knowledgeable resource to peers. This position represents a core production role and serves as the bridge between execution and expertise, with accountability for turn times, compliance accuracy, and dependable coverage across processing and closing functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The essential functions include, but are not limited to the following:

Loan Processing & Coordination

• Independently manage a full pipeline of assigned loan files from Processing to Clear-to-Close.
• Submit complete and accurate files to underwriting and address conditions independently.
• Manage conventional, HELOC, FHA, VA, USDA, and DPA/grant files.
• Proactively communicate with borrowers, Loan Officers, and third parties to resolve issues and protect closing timelines.

Documentation & Compliance

• Ensure loan documentation meets Bank, Investor, and regulatory standards.
• Perform HMDA first-level reviews and data validation.
• Prepare adverse action documentation as needed and ensure regulatory timelines are met.
• Maintain minimal compliance defects across assigned files.

Loan Closing & Post-Closing Support

• Prepare and review Closing Disclosures prior to issuance.
• Assemble and deliver complete and compliant closing packages.
• Perform loan setup, checkbacks, and closing calendar coordination.

Additional Responsibilities

• Participate actively in meetings and workflow discussions.
• Provide peer support and assist with process improvements.
• Serve as a steady, dependable contributor within the team.

EDUCATION & EXPERIENCE

• Bachelor’s degree required or equivalent work experience
• Minimum of one (1) years of experience in similar job duties

Location:

• West Des Moines, IA; Sioux City, IA; or Sioux Falls, SD. Note: Only one position will be filled across these locations.

Central Bank is an Equal Opportunity Employer.

All qualified applicants will receive consideration without regard to race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, sexual orientation, gender identity, status as a protected veteran, or any other characteristic protected by law. We make all reasonable accommodations to meet the obligations under the Americans with Disabilities Act (ADA) and applicable state disability laws.