Mortgage Loan Processor

University of Wisconsin Credit Union•Madison, WI

56d

About The Position

UW Credit Union's Mortgage Lending department is growing and hiring a new Mortgage Loan Processor to join our Mortgage team! If you are passionate about helping members with one of the most important financial decisions they will make, and excited to explore growth opportunities at UW Credit Union, this is the job for you! As a Mortgage Loan Processor, you'll be responsible for daily loan processing and basic operations for first mortgages. The person in this role succeeds by being knowledgeable of UW Credit Union investor guidelines and State and Federal regulations. As one of the top mortgage lenders in Wisconsin, this position plays a critical role in creating a smooth lending process for our members. Surpassing over 300,000 members and almost $4 billion in assets requires mortgage processors who are detail-oriented, thrive in managing multiple priorities, can act in our members' best interest, and are part of a collaborative team who has each other's backs. If this sounds like a culture and environment you want to join, we want to talk to you!

Requirements

High school diploma or equivalent
7 months to one-year experience in mortgage lending or experience in a financial institution is preferred
Must have exceptional member service skills
Demonstrated excellent attention to detail
Possess time management skills
Positively engage in assigned projects and training
Able to recommend and develop process improvements and procedures

Responsibilities

Process basic to complex loan files by income analysis, credit bureau review, repayment ability, and property value.
Deliver top notch guidance to members on loan documentation and application process.
Collaborate with loan officers to ensure quality service, including the effective handling of inquiries from realtors, members, and vendors.
Analyze loan applications for accuracy and compliance requirements. Submit for approval at various times and obtain complete information for all findings.
Communicate with loan originator on deadlines and outstanding documentation.
Consistently meet deadlines including commitment due dates, rate expirations, and closing dates and times.
Perform initial property appraisal review. Send title and appraisal order confirmations to vendors.
Pay vendors, close out LIP, and cancel services for denied/withdrawn loans.
Maintain working knowledge of various mortgage product options including fixed rate, adjustable rate, WHEDA, and lot loans.
Maintain a current understanding of all policies, investor guidelines, and state and federal guidelines related to saleability of the loan i.e. TRID, RESPA, etc.
Maintain knowledge of all private investor/FNMA/FHLMA/FHLB/Government/Secondary Market underwriting guidelines.
Educate members about underwriting guidelines and internal policies.
Work collaboratively with fellow Mortgage Lending Division team members regarding error resolution.

Benefits

21.5+ days annual paid time off (4+ weeks)
2 weeks paid caregiver leave
2.5 weeks paid new child parental leave
2 days paid volunteer time
11 paid holidays (includes your birthday!)
401k company match of up to 5%, plus approximately 4% discretionary match
Variable bonus reward
Competitive Medical, Dental and Vision plans, including domestic partner eligibility
Employee Assistance Program
And more!