Mortgage Loan Processor

BLACK HILLS FEDERAL CREDIT UNION•Rapid City, SD

4d•Remote

About The Position

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members. At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths. General Purpose: Processing Residential Mortgage loans and coordinating with lender, underwriting, and closing to ensure loans close on time. Assist in the on-going quality control efforts of the mortgage department.

Requirements

Working knowledge of Conventional, Jumbo, Fixed and Variable Rate, Cash-Out Refinance, Purchase, Construction, FHA, VA, USDA, SDHDA, and Secondary Market loans.
Working knowledge of state and federal real estate practices such as Reg B, TRID, TILA, HMDA,
Knowledge of MI certificates, guidelines, and overlays
Working knowledge of the credit union's products and services.
Working knowledge of organization's policies/procedures and credit union's service philosophy.
Working knowledge of credit union's in-house computer system and internet.
Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.
BHFCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.
Vision: A sighted person to effectively review and complete documents.
Speech/Hearing: Ability to communicate verbally and in writing with staff, members and vendors.
Manual Dexterity: Ability to perform necessary computer-related input.
Physical Mobility: Limited mobility required. Requires the ability to work flexible hours.
Ability to understand and follow complex written and oral instructions.
Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.
Ability to express oneself, clearly and concisely, both orally and in writing.
Ability to complete income, credit, and asset review.
Ability to prepare and maintain confidential records and reports.
Ability to gather, assemble, correlate, and analyze facts and develop solutions.
Ability to analyze statistics and financial data.
Ability to interact positively with co-workers, management, and the public to promote a team effort and maintain a positive attitude even under extreme pressure.
Ability to interact with more than one department daily.
Ability to produce a high volume of work in a timely manner that is accurate, complete, and of high quality.
Ability to analyze out of balance situations and devise solutions.
Job requires a two-year college level of language, math and reasoning skills. Two years’ experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education.

Responsibilities

Review all loan documentation in file to ensure accuracy and validity by understanding the loan structure and loan program. Collect any documentation missing.
Conduct thorough review of income documentation and identify any additional documentation that will be required and perform basic income calculations to ensure accuracy for debt to income.
Evaluate asset documentation and credit reports to identify any gaps or inconsistencies. Source any additional information as needed.
Review Purchase agreements and title reports and notify lender of any missing items or areas of concern.
Obtain Homeowners, flood, condo, Private Mortgage polices as applicable and ensure adequate coverage is obtained and mortgagee clause reads appropriately.
Responsible for pipeline management by coordinating with lender, underwriting and closing to ensure loans meet closing deadlines.
Assist loan officers/originators in tracking down documentation from borrowers and realtors.
Order and review title insurance, appraisals, verifications, flood certifications, tax transcripts, etc.
Perform other duties as may be assigned by the Mortgage Manager and VP of Mortgage.

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