• 17-Nov-2020 to Until Filled (CST)
  • Mortgage Lending
  • Independence, IA, USA
  • Full Time

BankIowa offers health, dental, vision, KSOP, and vacation to all full time employees.

Position Summary:  Responsible for the processing, underwriting and follow-up for all mortgage loans sold to secondary market sources or retained for service by BankIowa

Primary Accountabilities and Responsibilities: 

Accountability 1:  30% Weighting.  Have a thorough working knowledge of all loan products utilized by the mortgage loan department and all regulatory compliance issues pertaining to them.

Accountability 2:  30% Weighting.  Have a thorough working knowledge of all automated underwriting systems utilized by the department and the internal underwriting guidelines of the Bank. Maintain and stay current with the underwriting guidelines for all mortgage loan products and programs.

Accountability 3:  30% Weighting.  Ongoing monitoring of the loan pipeline to ensure deadlines for credit approval and final loan approval are met. Prioritize the transfer of complete underwritten loan files to the closing department to allow timely preparation of the closing documents.

Accountability 4:  10% Weighting. React promptly to all requests for additional information from secondary market funding sources and internal and external audit findings.


Secondary Duties and Responsibilities:

  • Performs other related clerical duties under the direction of the Vice President Mortgage Banking Manger.
  • Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training
  • Employee shall be responsible for following bank policies and procedures for compliance relative to the functions of their positions. Employee will also be responsible for completing applicable annual compliance training as required by compliance laws, regulations, and bank policy
  • Behave in a manner which demonstrates and fosters teamwork and a positive work environment, treating all employees with respect and giving full support and encouragement. Maintain good working relations between your department and all other departments, bank offices and management to keep the lines of communication open.

Education, Experience, and Other Requirements: 

  • High School diploma or equivalent
  • At least 3 years of mortgage loan processing and/or mortgage loan underwriting experience
  • Must be bondable

Physical Environment:

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Performance of the job will include physical duties commensurate with a general office environment.
  • The employee must occasionally lift and/or move up to ten pounds.
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