Mortgage Loan Processor – Construction and Renovation

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🔥 9 minutes ago

❄️ Minnesota – Remote

❄️ Minnesota – Remote

💵 $30 - $34 / hour

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Luminate Bank

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1937

🏗️ Construction

🛡️ Insurance

🏦 Banking

Construction • Insurance • Banking

Luminate Bank is a regional consumer- and business-focused bank headquartered in Minneapolis that provides a full range of retail and commercial banking services. It offers personal accounts (checking, savings, CDs, HSAs), business banking and treasury management, full-service mortgage and home lending (conventional, FHA, VA, jumbo, construction, renovation, reverse, refinance), title & escrow, and credit card products. The bank emphasizes digital banking tools — a mobile app, online banking, digital wallet integrations, Zelle®, and financial planning resources — while highlighting local support, community impact, and resources for first-time homebuyers and small businesses.

📋 Description

• Review loan applications for accuracy and completeness • Collect, verify, and analyze supporting documentation, including income, assets, credit, title, and appraisal • Submit complete loan files to underwriting within established timelines • Ensure all conditions are met prior to closing • Act as the primary point of contact for Loan Officers, borrowers, and third-party vendors during processing • Provide clear and timely loan-status updates to stakeholders • Collaborate with underwriters, closers, and other team members to resolve issues • Ensure adherence to federal, state, and investor regulations and company policies • Maintain accurate records in the loan origination system • Identify and escalate potential risks or red flags during loan review • Deliver high-quality service to internal and external clients • Guide borrowers through document requirements and answer processing-related questions

🎯 Requirements

• Proven experience as a mortgage loan processor or in a similar role • Strong understanding of mortgage products, underwriting guidelines, and compliance standards • Excellent interpersonal and communication skills, including phone conversations • Exceptional operational flexibility in a fast-paced, evolving lending environment • Detail-oriented with strong problem-solving and organizational abilities • Proficiency with mortgage processing systems and Microsoft Office • Experience managing construction and renovation lending documentation, compliance, and timelines • Understanding of ground-up new construction financing • Knowledge of Agency One-Time Close (OTC) loan programs • Knowledge of FHA 203(k) and Fannie Mae HomeStyle® Renovation loans • Bachelor’s degree in business, finance, or related field preferred (not required)

🏖️ Benefits

• Competitive compensation reliant on ability and experience • Excellent benefits package including health, pre tax HSA, FSA accounts and dental & vision • Life and AD&D Insurance, as well as additional voluntary benefit possibilities • 401K with robust company match • Flexible PTO program • Earned Sick & Safe Time (ESST) • Full-time benefit eligibility • The opportunity to work for the Midwest’s fastest growing lender