Licensed Mortgage Loan Processor

Apple Federal Credit Union • Fairfax, VA

223d

About The Position

At Apple Federal Credit Union, we're more than a financial institution; we're a community-focused organization powered by passionate people. With 24 branches across Northern Virginia and a proud legacy of service, we're committed to improving the lives of our members and the communities we serve. We believe our employees are our greatest asset. That's why we foster a supportive workplace culture that values inclusiveness, innovation and growth. Whether you're just starting out or advancing your career, you'll find opportunities for professional development, mentorship and meaningful impact.

Requirements

• Minimum three years mortgage processing experience.
• Previous credit training required.
• Knowledge of mortgage loan products and features required.
• HS degree or equivalent.
• Obtain and maintain a valid license number through the NMLS as required by the SAFE Act.
• Excellent interpersonal skills.
• Analytical ability to conduct preliminary analysis of an applicant's financial condition.
• Excellent analytical skills and attention to detail.
• Excellent written and telephone skills.
• P.C. proficient including: MS Windows, MS Office Suite (Word, Excel), and mortgage LOS software.

Responsibilities

• Processes conforming/nonconforming mortgage applications for member(s).
• Processes mortgage applications that are originated by Apple FCU Mortgage Loan Originators, branch offices and/or MortgageBot.
• Verifying income, employment, assets, down payments, debts and property value.
• Calculation of debt and LTV ratios, reviewing mortgage credit report, property appraisal, condominium questionnaire and budget, flood certification, income, assets, funds due to close, earnest deposit clearing, private mortgage insurance, title commitments, surveys, termite inspections and all other required loan documentation.
• Resolves all title issues including but not limited to; vesting issues, liens, judgments, undisclosed liens and re-conveyances.
• Processes subordination agreements, resolves appraisal disputes/issues and ensures collateral meets requirements for product, investor and Apple F.C.U.'s guidelines.
• Ensures that all applications are complete, including preparation and issuance of required disclosures within compliance timelines.
• Submits loans through Freddie Mac Loan Prospector automated underwriting system.
• Orders private mortgage insurance, appraisal, HVE or AVM, final inspections, title commitment, flood certification and required documentation to process the mortgage loan.
• Maintains accurate data in the loan origination system at all times.
• Maintains tracking reports on each loan.
• Review of all mortgage loans on a weekly basis to ensure that each loan is processed in a timely manner.
• Assists Originators with consulting the member in person, email and over the phone to ensure the correct mortgage product is chosen.
• Maintains a professional and courteous relationship with all members and vendors.
• Works with the AFCU C.U. Realty Originator, C.U. Realty Real Estate Agents, and any/or all C.U. Realty Representatives to ensure the timely processing of all C.U. Realty purchase loans.
• Preliminarily approves mortgage loans according to Freddie Mac Loan Prospector findings of 'Accept'.
• Reviews and obtains all requirements on the Freddie Mac Loan Prospector finding report and checklist.
• Prepares files for submission to the Mortgage Underwriter for preliminary/final approval.
• Coordinates and prepares pre-closing documentation.
• Performs all loan file maintenance.
• Assists the Mortgage Servicing Specialist with servicing file set up (as needed).
• Assists and/or provides back up for the Equity Loan Processor when needed.
• Completes required information on mortgage loan control sheet and submits completed package to Credit Committee (if applicable).
• Helps train staff members with mortgage loan origination, processing and answers general questions with regard to mortgage loans.

Benefits

• Medical, dental and vision coverage
• 401(k) with employer match
• Paid time off and 11 paid federal holidays
• Paid volunteer time to give back
• Tuition reimbursement and ongoing training opportunities
• Annual TEAM Bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED