Mortgage Loan Coordinator (Spanish Speaking)

Mountain America Credit Union•West Jordan, UT

2d•Hybrid

About The Position

Work directly with Loan Officer, Underwriter, Closer, borrowers, real estate agents, builders, title companies and other third parties to carry out the duties required to evaluate loan files, obtain loan approvals, and facilitate on-time closings.

Requirements

One year of experience in a finance related field.
High School Diploma or GED.
Must be able to qualify for a NMLS number under S.A.F.E Act after hire into position.
Courtesy, tact, organization and diplomacy are essential elements of the job.
Understand the sense of urgency and how to effectively respond.
Demonstrated ability to read and interpret documents such as safety rules, operating and maintenance instruction, and procedure manuals.
Demonstrated ability to write routine emails and correspondence.
Demonstrated ability to speak effectively with employees, members, or clients.
Must have the ability to understand and carry out instructions in written, oral, or diagram form.
Ability to deal with problems involving several variables.
Intermediate skills in the following: Microsoft Office products including; Word, Excel and Outlook.
Uses time and skills effectively to accomplish required work.
Ability to follow-through on assignments and responsibilities.
The degree to which the employee can be counted on to perform responsibilities and complete assignments in a timely and competent manner.
Demonstrated dependability toward job and team in regard to attendance, work load and work accomplishment.
Demonstrated experience in a customer oriented setting.
Demonstrated ability to perform work assignments free from mistakes, errors, or negativity.
Strives for the best end product.
Goes beyond acceptable standards resulting in superior outcomes.
Ability to use time and resources effectively to accomplish required work, meet deadlines and priorities

Nice To Haves

Work in the mortgage industry preferred.

Responsibilities

Fundamental understanding of FHA, VA, USDA, Freddie, Fannie and MACU portfolio guidelines and regulations.
Communicate regularly with new and active loan applicants to ensure they receive exceptional service throughout the loan process.
Calculate and verify income and employment in accordance with Appendix Q, MACU and investor guidelines
Gather and analyze paystubs, personal and business taxes, verification of income/employment, tax transcripts and assess any concerns with income
Complete required income calculation worksheets for salary and self employed borrowers.
Analyze calculated income to ensure it meets loan requirements
Demonstrate strong analytical abilities when running and examining automated underwriting systems for Freddie Mac and Fannie Mae (LPA and DU)
Monitor loan officer pipelines and identify alerts requiring disclosures, re-disclosures and other necessary attention to loan files.
Identify alerts requiring disclosures, re-disclosures and other necessary attention to loan files and work with loan officer to remedy.
Assist in completion of Notice of Incomplete Applications, Withdrawals, and Denials within required time frames.
Order appraisal (or AVM) and title report upon receipt of all qualifying documentation and Intent to Proceed
Examine title report, eliminating any risk of junior liens, addressing any shared well, egress issues, ensuring MACU has first position on all title reports as well as verify address, parcel number, and annual taxes for accuracy compared to loan file
Evaluate appraisals for accuracy and compliance with secondary market guidelines, making sure any errors, adjustments, repairs, etc., have been corrected or completed prior to final loan approval.
Order Flood Certification, FHA or VA case number, CAIVRS, VOE, VOD, Condo Certification, CC&Rs, Condo Budget, tax transcripts, hazard insurance and subordinations per guideline requirements
Remove unnecessary documents/buckets from eFolder in Encompass to eliminate duplication and determine what missing documentation is outstanding; verify accuracy of received date for documents and correct if needed
Demonstrate understanding of what is required for alerts, warnings and Mavent fails
Confirm loan file has all required documentation and submit to underwriting
Develop and maintain quality timeframes and management of pipeline to achieve and meet required purchase contract deadlines
Within 24 hours of underwriter review, work with loan officer and member to gather and satisfy all required underwriting conditions
Work closely with Mortgage Training Team and Underwriter for assistance in understanding guidelines and program requirement
Run Value Analyzer on all refinance loans
Participate in ongoing training of standard mortgage products (Conventional, FHA, VA, etc.)
Use tools provided to research all loan programs and guidelines, including AllRegs, investor selling guides, MAC, Knowledge Center, MI quotes, Underwriting and Training hotlines, and agency call centers; maintain an active knowledge base of the mortgage loan products MACU offers and an understanding of the qualifications for each program.
Understand regulations and requirements for the Secondary Market, NCUA, BCFP, TRID, RESPA, and HMDA