CIBC US
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
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Job Description
Job Overview:
The Mortgage Loan Processor will be part of the National Mortgage Banking team. This position will be responsible for processing mortgage loans that are generated from internal lines of business within the bank, as well as outside leads generated by our internal sales team in accordance with the banks policies and procedures.
Responsibilities:
- Our Loan Processors work closely with the borrower, from contract to close, with providing prompt, efficient, and friendly service to customers and sales staff.
- Review new loan submissions from the Loan Officer within 48 hours of receipt
- Request any additional items needed from Borrower, Realtors, or Attorneys to complete the documentation required for underwriting.
- Submit the Loan to our Underwriting Department for initial review, obtain a Conditional Commitment, and continue to gather the documentation to satisfy each condition, and then resubmit the loan back to Underwriting to obtain the Final Clear to Close.
- Once the loan is conditionally approved, you will be responsible for requesting the CD from our CD Desk.
- Once the Loan is CTC, you will be responsible for completion of our Pre Fund Audit prior to hand off to the Closing Department.
- Enjoy working in a fast paced environment and being a team player.
Qualifications:
- High School Diploma or equivalent.
- Prefer a minimum of 5 years of experience in mortgage lending strong verbal and written communication skills
- Knowledge of FHA/VA, FNMA, FHLMC Guidelines
- Knowledge of reading tax returns and calculating income for self-employed borrowers
- Ability to pre-underwrite and prepare the loan for Underwriting
- Ability to work in a paperless environment
- Knowledge of Encompass Banker Edition – is a plus, but not required
- Familiar with working in a Multi Lender Environment, a plus
- Creative problem solver with a positive attitude
- Ability to prioritize and multi-task in order to meet deadlines
- Strong sense of urgency and responsiveness along with the ability to demonstrate professionalism
Risk & Compliance:
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
- Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
- At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
- Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
- Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
- Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
- Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
- Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
What You Need To Know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit
- CIBC is committed to doing our part to protect our team, our clients and our communities. We want to ensure we have a safe and healthy workplace, and we want to do our part to get through this pandemic. In keeping with this commitment, and as a condition of employment, CIBC requires all successful candidates to be fully vaccinated against COVID-19 as of their start date, or provide written proof of a medical exemption, or other substantiated accommodation request under applicable human rights legislation.
Job Location
IL-7103 W 111th St
Employment Type
Regular
Weekly Hours
40
To apply for this job please visit cibc.wd3.myworkdayjobs.com.