Mortgage Loan Processor

Granite Credit Union•Millcreek, UT

17h•Onsite

About The Position

The Mortgage Loan Processor assists mortgage loan officers and originators with processing mortgage loans, including verifying, compiling, and reviewing information to ensure files meet established standards in a timely manner. Loans may be held in portfolio or sold on the secondary market. The processor also assists mortgage members as necessary with assigned duties. This full-time position is based at the Main Branch in Millcreek, Utah, and reports to the Mortgage Operations Supervisor.

Requirements

High school diploma or GED equivalent.
1–2 years of similar or related experience.
Experience using a major Loan Origination System (LOS), specifically Encompass, for file management, disclosures, ordering third-party services, and closing.
Understanding of the foundations of determining creditworthiness.
Knowledge of mortgage investor selling guidelines and requirements.
Knowledge of mortgage-industry laws and regulations, including the Bank Secrecy Act, US Patriot Act, Fair Lending Act, TRID, RESPA, TIL, HOEPA, HMDA, CIP, and FACTA.
Basic computer operating skills, including Microsoft Office and Microsoft Excel.
Strong attention to detail.

Responsibilities

Provide outstanding member service by applying Granite Credit Union Service Standards and Core Values.
Complete and review residential loan application files according to established guidelines, including information on mortgage type and amount, borrower assets and liabilities, and length of employment.
Collect information from third parties, including VOE, VOM, VOR, and VOD.
Contact specified companies to obtain property title abstracts and surveys, and review them for discrepancies.
Submit mortgage loan application files for underwriting approval.
Submit approved mortgage loan files to the mortgage loan closer for settlement.
Send denial letters to applicants when necessary.
Maintain the mortgage loan pipeline effectively and meet turnaround requirements.
Record loan status data, including numbers of new applications and loans approved, cancelled, or denied.
Maintain confidentiality of information and transactions regarding credit union members.
Maintain a secure, organized, and neat work area.
Maintain a professional and courteous attitude with employees, members, management, board members, and outside vendors.
Attend meetings as required and perform other duties as assigned.
Comply with company policies and procedures and applicable laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Assets Control requirements.