Mortgage Loan Processor II

Elevations Credit Union • Broomfield, CO

3d • $26 - $33 • Hybrid

About The Position

The Mortgage Loan Processor’s primary responsibility is to develop and drive an amazing customer experience for our members. The professional in this position will be responsible for ensuring accurate, compliant and complete loan files, all while meeting every scheduled deadline and closing date. This position requires constant verbal and written communication with Loan Officers, external partners and others on the team while maintaining an outstanding positive attitude.

Requirements

• High school diploma or equivalent work experience
• Strong PC skills (MS Office) required
• Knowledge of federal lending regulations governing residential real estate lending
• Recent and consistent experience with all GSE investors, DU, LP and Preferred

Nice To Haves

• Associates degree preferred
• Technical knowledge relating to mortgage banking compliance, FHA, VA, Conventional and FNMA guidelines a plus
• Recent experience with Fannie Mae and Freddie Mac
• Experience working with Encompass

Responsibilities

• Review new loan submissions within 24 hours of receipt.
• Order Verification of Employment, appraisal, title, etc.
• Submit a clean file to the Underwriting and closing teams, ensuring that all required documents are present, and the Loan Origination system is filled out in its entirety
• Work with the Loan Officer/Loan officer assistant team to obtain underwriting conditions and submit them back for a clear to close within 24 hours of receiving all the required conditions
• Oversee daily volumes, monitor Pipeline, and assist in meeting service level standards
• Collect and verify all documentation required such as member documents, Title work, credit supplements, fraud reports, homeowner’s insurance, tax transcripts and verifications of employment (VOEs), Verification of Mortgage (VOMs), Verification of Deposit (VODs), and Verification of Rent (VORs), income documentation, etc.
• Proactive and timely communication to members and business partners on loan decisions and underwriting guidelines
• Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).

Benefits

• Focus on supporting our employees’ mental, physical, and financial well-being
• Commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors
• Highly engaged workforce devoted to innovation, continuous improvement, and collaboration
• Reputation for excellence, as evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award
• Passion for consistently providing amazing experiences and creating raving fans
• monthly incentive

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED