Mortgage Loan Processor/Closer

Greater Iowa Credit Union•Ames, IA

12h

About The Position

We are seeking a Mortgage Loan Processor/Closer to process and close sub-prime and secondary-market residential mortgage loans and prepare loan packages for underwriting. The role proactively coordinates with members, Mortgage Loan Originators (MLOs), underwriters, closing agents, and other required parties to meet processing deadlines. The processor assumes primary responsibility for the loan file and documentation from receipt through closing, and assists with investor delivery and post-closing activities when applicable. The position also cross-trains in and supports real estate servicing operations and performs other duties as assigned. Work is performed in a standard office environment with a quiet to moderate noise level.

Requirements

Three to five years of similar or related experience.
One of the following: a two-year college degree; completion of a specialized course of study at a business or trade school; completion of specialized and extensive in-house training or an apprenticeship program; or equivalent prior work experience.
Strong written, verbal, and oral communication skills.
High level of service orientation.
Ability to present information with diplomacy and tact.
Interpersonal and relationship-building skills.
Working knowledge of Microsoft Office software applications.
Detail-oriented with the ability to multitask.
Ability to operate standard office equipment.
Ability to meet the physical demands of the role, including regularly sitting, standing, walking, using hands, reaching, and talking or hearing; occasionally lifting or moving up to 10 pounds; and close vision and focus adjustment.

Responsibilities

Manage the processing pipeline and contact applicants, real estate agents, MLOs, and other internal and external parties to obtain required documents and stipulations and process loans.
Process applications and verify accuracy for prime, sub-prime, secondary-market, and open- and closed-end mortgage loans.
Review disclosures for fixed- and variable-rate loans.
Submit loan files for underwriting approval through clear to close.
Request and evaluate property abstracts, surveys, appraisals, flood certifications, income and asset documents, and required stipulations.
Obtain title work from an attorney and proof of insurance.
Prepare closing documents and review loans to confirm all conditions have been met before closing.
Record HMDA and other data in compliance with state and federal regulations, including loan status and application and approval, cancellation, or denial counts.
Prepare and send final loan packages for secondary-market delivery on initial submission.
Ensure post-closing documents are correct and received or delivered promptly.
Cross-train in and support real estate servicing operations.
Perform other duties as assigned.