Associate Mortgage Processor

Alliant Credit Union•Chicago, IL

22h•Hybrid

About The Position

Manages loan pipeline by preparing loan applications for submission to underwriting to obtain a clear to close with the specified dates of the loan application and applicable sales contract. Reviews mortgage applications and supporting loan documents to ensure they meet the set credit conditions. Verifies the accuracy and completeness of each document and provides support to team members and other lines of business staff while maintaining a close partnership with their assigned team.

Requirements

High School or Equivalent
3 Years Lending, First Mortgage Lending Operations, Real Estate Contracts or Related

Responsibilities

Ensure accuracy of the loan application data for loans by clearing inconsistencies prior to and post submission to underwriting
Collect required documentation from borrowers and other third parties.
Request valuation reports, title reports, fraud reports, insurance and other necessary documentation as requested through the application process with appropriate 3rd party vendors.
Analyze credit, income and collateral documentation submitted for completeness and accuracy to ensure loan eligibility.
Resolve system generated identity check alerts by gathering and validating relevant supporting documentation.
Resolve routine title issues including vesting issues and various liens by working with the member, loan originator and title company.
Validate and calculate income for non-self-employed borrowers.
Ensure the loan process is meeting the deadlines of the purchase agreement as well as keeps track of your mortgage rate lock expiration date in order to avoid lock extension including extension fees.
Provide set service standards for each loan application, borrower and originating team member from time of receipt to final submission to closing by coordinating activities amongst other team members such as underwriter, loan officer, borrower and third parties involved in the application.
Provide the loan officers with timely updates while participating in weekly status meetings with respective sales and operations team members as well as communicate with loan officers, members, title companies, realtors, builders and all other internal / external partners
Establish, maintain, and update files, databases, records, and/or other documents for recurring internal reports.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.