Role

Mortgage Loan Processors are responsible for gathering, reviewing, preparing, and ordering required loan documents for all residential mortgage loans. Key responsibilities include following up to verify all loan conditions are fulfilled and the loan meets all credit union, regulatory, and secondary market guidelines. This position has an advanced and far reaching knowledge of the mortgage lending process and has demonstrated the ability to handle increased responsibilities.

Major Duties and Responsibilities

Reviews documents and orders additional documentation to assure files are complete. in compliance and comply with regulatory, lending, investor and secondary market guidelines/policies. Verifies accuracy of incoming data and addresses any issues or or discrepancies with borrowers and loan originators.

Order appraisals, flood certifications, title commitments, tax transcripts, insurance and etc as needed for file. Prepares employment, income, asset and housing verifications, as needed.

Examines documents, such as deeds, assignment, and mortgages, to ensure compliance with escrow instruction, credit union policy and legal requirements.

Analyzes and assembles borrower data for submission to loan underwriters and effectively communicates and collaborates with borrower(s), loan officers, realtors, vendors and operations staff, providing updates and facilitating communication to meet various deadlines. Sends loan approval letters and adverse action notices.

Reviews and prepares documents for closing and inputs data in computer system. Evaluates appraisals, title policies, credit reports and income verifications as well as other supporting documents for inconsistencies, potential fraud or other misrepresentation.

Maintain a thorough working knowledge of all credit union mortgage products. Attend internal training sessions to keep current working knowledge of P1FCU product and policy updates. Maintain core values and complete other duties as assigned.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.