Mortgage Loan Processor II

RAIZ FEDERAL CREDIT UNION • El Paso, TX

113d • $19 - $28

About The Position

At Raiz FCU, we share a passion for knowledge and a pursuit of growth. Grounded in our El Paso heritage as previously Teachers Federal Credit Union, since 1936 we are growing to help our community move into the future. We are inspired people, invested in you. At Raiz, we guide our members to focus on what could be and help them get there. This new path inspires us to look ahead and the lead the way with passion. This position reports to the Mortgage Operations Manager. This role requires someone who is enthusiastic about educating and assisting our members with our services. You will be an empowering mentor that will be: A trusted expert, A natural communicator, A champion for our members and the community, A guide through the moments that matter the most to our members.

Requirements

• High school or equivalent; college degree preferred.
• Minimum 3 years of processing experience or certifications, and or technical skills in residential mortgage lending.
• Bilingual and previous credit union experience is a plus but not a requirement.
• Work experience should consist of loan processing, loan closing, and loan funding.
• Demonstrated leadership and interpersonal abilities.
• Must have good communication and interpersonal skills.
• Critical thinking, problem-solving skills.
• Detail-oriented, and ability to multi-task.
• Proficient in Microsoft Office and web-based applications.
• Strong understanding of various mortgage documents such as Uniform Residential Loan Application (URLA), Underwriter Transmittal Summary, Loan Product Advisor (LPA), Desktop Underwriter (DU).
• Understanding of financial industry concepts, related laws, and regulations.

Nice To Haves

• Knowledge of Credit Union products and services.
• Successful in completing courses and/or webinars related to mortgage processing and underwriting.
• Knowledgeable expert who is well diverse on mortgage loan types offered by the credit union (Conventional, Construction, VA, FHA, etc.).

Responsibilities

• Examine all loan applications and disclosures for discrepancies and ascertain all the information is true and consistent with credit union policies and guidelines.
• Review and analyze borrower documentation to determine income, repayment capacity for self-employed borrowers.
• Perform due diligence to identify possible fraudulent activity.
• Communicate with Loan Officers and members to ensure member needs are met.
• Insure initial Loan Estimate is complete and accurate and follow compliance guidelines.
• Review credit report as needed to address any inconsistencies identified in the Desktop Underwriter findings.
• Manage pipeline to reflect accurate closing dates, pursuant to lock expiration, estimated close date, and appraisal due date.
• Complete a final evaluation and analysis of the completed loan file to include all compliance alerts.
• Assist the mortgage loan closer to prepare closing instructions, finalize closing disclosures and request legal documents from attorneys.
• Create, update, read, and interpret the processing procedure manual and training guides.
• Comply and attend annual Bank Secrecy Act (BSA), Customer Identification Program (CIP) training in addition to compliance training.

What This Job Offers

• Job Type: Full-time
• Education Level: High school or GED
• Number of Employees: 251-500 employees