Loan Production Assistant

Process residential mortgage loans for outside loan originators and prepare them for approval. Prepare preliminary RESPA and TIL Disclosures and analyze borrower data for compliance with secondary market underwriting guidelines using secondary market automated underwriting system. Interact with customers from application through closing to ensure continuous communication throughout loan application and approval process.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Assist and support outside loan originators by providing customer support and ongoing customer communication throughout application and approval process
• Prepare preliminary Loan Estimate Disclosure statement and other initial disclosures in compliance with truth-in-lending and RESPA regulations
• Responsible for knowledge of secondary market requirements and bank's policy and procedures; keep abreast of current underwriting standards through study, attendance at meetings and seminars; serve as resource person for loan officers and other loan department personnel
• Prepare and submit to appropriate mortgage insurance company and/or secondary market investor all loan files that require detailed review and monitors status for approval and receipt of certification
• Perform additional duties as requested, needed or assigned

JOB REQUIREMENTS

• Solid working knowledge of residential mortgage products and other loan programs offered by bank
• Maintain thorough knowledge of secondary market underwriting guidelines and bank lending policies
• Good working knowledge of bank products, policies and procedures
• Excellent communication skills, both verbal and written
• Proficient with Microsoft Office (including Excel, Word, PowerPoint, Outlook)
• Strong organizational and interpersonal skills
• Ability to adhere to Needham Bank's Core Values (Quick-Decision Making, Reliability, Relationship-Based Focus & Quality Service)

EDUCATION & EXPERIENCE

• Bachelor's degree and/or equivalent work experience
• Three years residential lending experience

WORKING CONDITIONS/PHYSICAL DEMANDS

• Normal business office environment

Pay Range: $22.57 - $29.35

The pay range provided is based on what we believe is a reasonable estimate for the pay range for this job at the time of posting. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.