Mortgage Loan Processor

Wichita Federal Credit Union•Wichita, KS

2h•Onsite

About The Position

This is a full-time, non-exempt Mortgage Loan Processor position, Grade 7. The primary purpose of this role is to assist Mortgage Loan Specialists and members with mortgage loan applications, process loan applications, and prepare all necessary loan documents.

Requirements

Six months to two years of similar or related experience
A high school education or GED
Must have good communication skills
Must have working knowledge of spreadsheets and word processing software
Be able to use PC and general office equipment including 10-key calculator
Skilled at using Microsoft

Nice To Haves

Working knowledge of regulations affecting mortgage lending
Willing to go the extra mile for members, meeting their needs and exceeding their expectations
Excel
Ability to execute multiple projects simultaneously and produce high quality deliverables on tight deadlines
Ability to analyze and solve problems
Ability to be self-motivated, detail oriented and meet deadlines with strong project management skills
Possesses a cooperative attitude in relations with members and other employees

Responsibilities

Prepares letters, forms, checks, and other documents used for collecting, disbursing, and recording mortgage principal, interest, and escrow account payments
Examines documents such as deeds, assignments, and mortgages, to ensure compliance with escrow instructions, Credit Union policy, and legal requirements
Orders Title work, Pest, Well, Water, & Septic Inspections, and submits appraisal requests in accordance with the Real Estate Appraisal Policy
Sends required disclosures to borrowers in a timely manner
Assembles and organizes documents in loan file to meet quality control requirements for both portfolio and secondary market loans
Accurately scan and file all mortgage loan documents in a timely manner
Types notices to government, specifying changes to loan documents, such as assignment or release of mortgage
Orders property insurance policies to ensure protection against loss on mortgaged property
Updating daily mortgage rates on webpage and rate sheets and distributing as appropriate
Corresponds with title company to prepare and deliver closing packages in a timely manner
Funds all in-house and refinance mortgages in addition to disbursing payments to vendors and service providers
Assists with month-end reporting including loan funding reconciliation, payment posting, balancing mortgage GLs, etc.
Cross sells other credit union services as appropriate
Performs other job-related duties as assigned
To ensure all lending activities and approved loans comply with established policies, procedures and relevant government rules and regulations
To ensure closing documents are in compliance with policies and procedures. All documents and insurance policies have been properly signed, endorsed and remain current in loan file with minimal errors per month
To organize and complete member loan files within prescribed time frame
To provide informed, professional and accurate service and support to all members and associates
To maintain files in accordance with loan manual and record retention schedule
To maintain a dependable record of attendance and timeliness
To maintain a professional, courteous, and friendly atmosphere for members and co-workers