Mortgage Processor

Full-Time

Chelmsford, MA

About Us:

At USALLIANCE, we pride ourselves on innovation, teamwork, training and development and career planning. We are a unique members-first Credit Union Culture driven by our core Values: Trust, Collaboration, Achievement and Making a Difference. As part of our team, you will have the opportunity to grow both personally and professionally in an inclusive and supportive environment. Represent USALLIANCE in the community and form lasting relationships with our members and partners.

About this role:

Responsible for the timely processing of all mortgage loan applications received by Credit Union through multiple lending channels in compliance with Federal, State and Local Regulatory Requirements, within established timelines to meet loan closing deadlines.

Key Responsibilities:

• Provide strong verbal and written communication to members, mortgage brokers, and internal stakeholders during the application process.
• Effectively manage pipeline, prioritizing loan files to meet loan-level timelines including commitments, mortgage contingency dates, close dates, and rate locks.
• Generate Loan Estimates on a timely basis to meet Regulatory requirements including 3-day disclosure requirement.
• Accurately Calculate Fannie Mae Loan Level Price Adjustments (LLPA). 
• Order services through 3rd parties including credit reports, flood certs, appraisals and settlement and title services.
• Assist with incoming calls to Real Estate Lending phone queue. 
• Collect and review all loan documents to satisfy loan conditions, prepare loan files for underwriting, ensuring documentation is in order, accurate and complete prior to advancing to Underwriter for review. 
  1. Note: Reviewing loan file requires working knowledge and understanding of loan applications, credit report, asset statements (including sourcing large deposits and EMD's), income docs (including paystubs, W- 2's, tax returns), appraisals, title work, etc...and the ability to identify possible deficiencies in file, including possible fraud/risk and ask appropriate questions, obtain clarifications and/or updated docs as needed.
• Perform File Maintenance, Compliance and QC tasks including but not limited to: Issuing 21-day letters, ensuring accuracy and completeness of HMDA data, performing Pre-Closing QC.

Who you are:

• Minimum 1-3 years current Conventional Mortgage Loan Processing experience.
• Processing loans through Encompass LOS experience preferred.
• Ability to multi-task and process high loan volume in fast-paced system & technology based.
• environment; encouraging and cultivating continuous process improvement.
• In-depth understanding of current Regulatory Requirements relative to TRID, as well as other State and Federal Regulatory requirements.
• Experience generating and reviewing Loan Estimates (LE's).
• Working knowledge and understanding of Fannie Mae Guidelines and AUS.
• Strong attention to detail is critical to success in the role. 
• Excellent written and verbal communication skills.
• Candidate will be highly positive, proactive, self-motivated and possess the ability to effectively manage their time with competing task. 
• Candidate must be able to work from our Chelmsford, MA location. 

What We Offer:

Become a part of a team where your ideas are valued, your growth is supported, and your work makes a difference. Apply today and take the next step in your career with USALLIANCE.

EQUAL OPPORTUNITY EMPLOYER

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills, and experiences within our workforce.

This job description is for informational purposes only and should not be construed as a complete listing of the job responsibilities and requirements. This job description may be modified at any time, for any reason, at the sole discretion of management.

At this time, USAlliance Federal Credit Union will not sponsor a new applicant for employment authorization or offer any immigration related support for this position (i.e., H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, or another type of work authorization). 

If you need sponsorship now or in the future, look for this statement in the job description before you apply: “USAlliance Federal Credit Union will consider sponsoring a new, qualified applicant for employment authorization for this position”. If this is not listed in the job description, USAlliance Federal Credit Union will not provide sponsorship for the candidate to work in the United States.

It is unlawful for USAlliance to require or administer a lie detector test as a condition of employment or continued employment. In accordance with applicable state laws, an employer who violates this law shall be subject to criminal penalties and civil liability.

In the spirit of pay transparency, we are excited to share the base hourly range for this position is $23.43 - $28.71, exclusive of fringe benefits or potential incentives. This position is also eligible for an annual corporate bonus. If you are hired at USALLIANCE Federal Credit Union, your final base salary compensation will be determined based on factors such as skills, education, and/or experience. In addition to those factors, we believe in the importance of pay equity and consider the internal equity of our current team members as a part is any final offer. Please keep in mind that the range mentioned above is the full base salary for the role. Hiring at the maximum of the range would not be typical to allow for future and continued salary growth. We also offer a generous compensation and benefits package. 

All positions must adhere to standard BSA/AML policies, procedures, and processes. Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.