Mortgage Lending Processor II

EFCU Financial•Baton Rouge, LA

8d•$21 - $26•Onsite

About The Position

EFCU Financial is seeking a Mortgage Lending Processor II to answer questions from members on real estate loans and rates. This role involves gathering and analyzing financial information to determine qualifying status for mortgage loans, interviewing for routine loans, and obtaining additional loan information. The Processor will review and verify all loan documents for accuracy and completeness, coordinate the mortgage lending closing process, and ensure compliance with government regulations and Credit Union policies. Proficiency in processing Conventional, Land, and In-house product mortgages is required, along with the ability to process FHA, VA, and USDA/RD mortgages with guidance. The role also includes cross-training in another area of the Mortgage Lending Department and performing other duties as assigned by the Senior Vice President of Mortgage Lending.

Requirements

High School Diploma or equivalent.
Two to five years of mortgage lending closing experience.
Must be eligible to register with the Nationwide Mortgage Licensing System & Registry (NMLS) and must maintain registration with NMLS as a registered Mortgage Loan Originator (MLO).
Strong loan documentation and regulatory compliance background is necessary including knowledge of title requirements.
Knowledgeable of Fannie Mae, Freddie Mac, FHA, VA, and USDA/RD lending guidelines.
Knowledgeable of Regulatory Compliance Requirements of a Depository Financial Institution.
Must be able to work accurately and efficiently in a fast-paced environment.
Experience in good customer relations.
Excellent telephone etiquette and verbal communication skills.
Excellent interpersonal skills.
Exceptional organizational skills.
Must be dependable and reliable.
Must pass all credit and bond requirements.

Nice To Haves

In depth knowledge of Credit Union products and services is a plus.

Responsibilities

Reviews loan applications on first mortgages submitted by Mortgage Lending Originator for any omitted information and completeness.
Conduct loan interviews with members and request any additional information/documentation needed.
Obtain and review all signed applicable disclosures for accuracy and to make sure they meet all federal/state, agency, and credit union regulations.
Lock loan in with investor according to loan specifics and current rate. Edit the lock if any change of circumstance occurs or any terms change.
Process loan application to include verification of employment, deposit accounts, and all liabilities in order to prepare application of verified information according to all agency or credit union guidelines.
Check credit report to determine credit worthiness of applicant based on industry standards and EFCU Financial Lending Policies.
Ensure that loan has been submitted to automated underwriting system, if applicable. Make final changes and rerun for final approval.
Request appraisal from appraisal management company and evaluate real-estate appraisal to ensure proper guidelines are followed and final value is properly determined.
Submit file to the Vice President of Mortgage Lending or investor underwriter as required by the specific loan program for underwriting and approval. Obtain any prior to closing conditions as set forth by underwriter.
Request flood certification to determine if property is or is not in a flood zone.
Order and review title work from attorney/title company to ensure clear title.
Obtain copy of current homeowner’s insurance and flood insurance (if applicable) and make sure mortgage clause is in favor of Credit Union.
Schedules the closing between the borrower and the closing agent/title company.
Performs all duties and responsibilities in other cross-trained areas of the department as back-up.
Work closely with all other teams in the Mortgage Lending Department and back-up one another.
Cross-sell lending products and other Credit Union services when appropriate.
Assist in other assigned duties.