Mortgage Loan Processor

Wichita Federal Credit Union•Wichita, KS

39d•Onsite

About The Position

To assist the Mortgage Loan Specialists and members with mortgage loan applications; process loan applications and prepare all necessary loan documents. This role ensures all lending activities and approved loans comply with established policies, procedures, and relevant government rules and regulations. The Mortgage Loan Processor is responsible for ensuring closing documents are in compliance with policies and procedures, with all documents and insurance policies properly signed, endorsed, and current in the loan file with minimal errors per month. The position requires organizing and completing member loan files within the prescribed time frame, providing informed, professional, and accurate service and support to all members and associates, maintaining files in accordance with the loan manual and record retention schedule, and maintaining a dependable record of attendance and timeliness. A professional, courteous, and friendly atmosphere for members and co-workers is expected.

Requirements

Six months to two years of similar or related experience
A high school education or GED
Good communication skills
Working knowledge of spreadsheets and word processing software
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 scans and files 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.
Updates daily mortgage rates on the webpage and rate sheets and distributes 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.