Mortgage Loan Processor

IH Mississippi Valley Credit Union • Moline, IL

1d • $17 - $23 • Onsite

About The Position

The Mortgage Loan Processor is responsible for managing the mortgage loan process from approval to closing, ensuring all required documentation is accurate, complete, and compliant with internal policies and regulatory guidelines. This team member plays a vital role in preparing loan files for underwriting and closing by reviewing applications, verifying information, and coordinating with internal and external partners to resolve any outstanding conditions. The position requires strong attention to detail, organizational skills, and the ability to manage multiple files in a deadline-driven environment. The ideal candidate demonstrates sound judgment, proactive communication, and a commitment to providing an exceptional member experience.

Requirements

• High school diploma or equivalent required
• Minimum of 2 years of experience in mortgage loan operations, or a combination of equivalent experience and education.
• Ability to prioritize assignments and organize work efficiently, to handle large volumes of details required.
• Excellent accuracy and attention to detail.
• Clear, professional communication skills with a focus on member satisfaction and support.
• Ability to work independently and as part of a team in a fast-paced environment.

Nice To Haves

• Associate's or Bachelor's degree in Finance, Business, or related field preferred.

Responsibilities

• Review mortgage loan applications for completeness and accuracy prior to underwriting submission.
• Verify income, employment, assets, credit, and other required documentation to ensure compliance with loan program guidelines and internal policies.
• Order and track verifications of employment or deposit.
• Communicate with loan officers to obtain outstanding documentation or clarify application details.
• Prepare and update loan files within the loan origination system to ensure accurate data entry and documentation.
• Review and clear underwriting conditions within established timelines.
• Maintain detailed records of all correspondence, documentation, and file updates.
• Monitor pipeline reports and manage assigned loan files to meet established service level expectations.
• Maintain working knowledge of mortgage products, investor requirements, and regulatory changes affecting loan processing.
• Support continuous process improvements to increase efficiency, accuracy, and member satisfaction.

Benefits

• Outstanding training, support, and resources to help you succeed.
• Competitive compensation.
• 401(k) with company match and profit sharing.
• Paid holidays and generous paid time off.
• Tuition reimbursement.
• Paid community volunteer opportunities.
• Comprehensive health, dental, and vision insurance.
• Access to our on-site fitness center.

What This Job Offers

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