Reviews all new loan application requests to ensure that all required forms and/or documentation have been provided by the borrower. Prepares and sends out all pertinent regulatory compliance disclosures for single family 1-4 properties. Works in a team environment gathering outstanding conditions and upon receipt performs analysis and prepares files for closing documents. Provides support to the Residential Loan Consultant, underwriting and documentation/ closing departments. Assists supervisor and underwriting area in pipeline planningMust be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.
Required Qualifications*- Minimum 1 year of loan processing experience in a mortgage banking company or related financial institution required.
- Minimum 1 year of experience working with FNMA/FHLMC guidelines and standard industry guidelines required.
- Minimum 1 year of experience of state and federal lending regulations (e.g. Respa, Reg Z, Ecoa, State Fair Lending) required
- Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.
Additional Qualifications
- Ability to communicate effectively with all levels of CNB personnel, customers, and outside agencies.
- Verbal/written communication skills sufficient to review and process loan documentation.
- Ability to apply basic math skills.
- Proficient computer skills with experience using Word, and some type mortgage software program (Interlinq E3 preferred).
- Very good analytical skills are beneficial.
- Ability to pay close attention to detail, and work under deadlines.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $22.27 - $33.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.