Licensed Mortgage Loan Processor

Apple Federal Credit Union • VA

87d

About The Position

Under general supervision, but following established policies and procedures, is responsible for originating and processing fixed rate home equity loans, home equity lines of credit, and fixed rate, conforming and non-conforming first trust mortgage loan applications. Performs related file maintenance. Coordinates processing, closing and disbursement of mortgage loans. Works closely with Branch Staff, Mortgage Processor/Underwriter, Mortgage Servicer, Home Equity Processor/Underwriter, and Credit Committee. Performs duties and responsibilities in accordance with The Apple Way principles of Team Up, Serve with Purpose, Challenge Yourself and Own It. Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act. Understands the goals set by management and assists in meeting those goals. Accepts and performs assignments varying in size and scope, as well as other duties assigned by the Home Equity Mortgage Manager, Mortgage Operations Manager and AVP/VP of Mortgage Lending.

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

• Process home equity loan and line of credit mortgage applications and fixed rate, conforming and non-conforming first trust mortgage loan applications originated through MortgageBot.
• Verify income, employment, assets, down payments, debts and property values to calculate debt to income ratios and loan to value.
• Review the credit report, appraisal, preliminary title report and all other required loan documentation.
• Resolve all title issues including vesting issues, liens, judgments, undisclosed liens and re-conveyances.
• Process subordination agreements and ensure all applications are complete.
• Submit loans through Freddie Mac Loan Prospector automated underwriting system and/or to Apple FCU underwriters.
• Order private mortgage insurance, appraisal, HVE or AVM, final inspections, title commitment, flood certification, VOE, VOM and all other required documentation.
• Maintain accurate data in the loan origination system and ensure all HMDA data is completed and accurate.
• Consult with members/assist originators to ensure the correct mortgage product is chosen.
• Maintain a professional and courteous relationship with all members and vendors.
• Review all loans in accordance with Apple Federal Credit Union, FHLMC and NCUA guidelines and regulations.
• Prepare files for submission to the Mortgage Underwriter for preliminary/final approval.
• Coordinate and prepare pre-closing documentation.
• Assist and/or provide back up for other processors in the event of vacations/illness.
• Help train staff members with mortgage loan origination, processing and answer general questions.

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 plan

What This Job Offers

• Education Level: High school or GED