Mortgage Loan Processor

Kirtland Federal Credit Union•Albuquerque, NM

10h•Onsite

About The Position

Working at Kirtland CU is more than a job-it's, a career, and one in the financial world! We pride ourselves on helping our employees learn, grow, and advance in any direction they choose. We offer a highly competitive salary, great benefits package and an energetic, vibrant work environment. Visit our careers page on our website to view our exciting opportunities and our fantastic benefits. We are currently seeking a Mortgage Loan Processor to join Kirtland Credit Union! This position is full-time on-site at our Home Loan Center in Albuquerque, NM. Join the rest of our teammates and become eligible for a generous benefits package that we offer: • Medical, Dental and Vision Insurance • 401(k) Retirement savings program that includes employer match. • Paid time off with accrual starting from day one. • 11 Paid Holidays through-out the year • Tuition Reimbursement for College Degrees • Employee Clothing Advance • Fitness Reimbursement Program • Employee Assistance Program • Short- and Long-Term Disability • Travel Assistance This is what we would like you to do: Acts as a liaison between the Mortgage Loan Officers, Member Experience Specialists (MXSs) Underwriters, Members, Title Companies, Realtors, Builders, and Appraisers. Responsible for reviewing mortgage loan files and requesting required information from the members. Responsible for ordering out, preparing file for final underwriting, closing, and funding the loan. Processes and funds home equity loans and lines of credit. Works effectively with MXSs to coordinate the finalization of loan details and calculate closing figures in preparation for closing and funding. Works with settlement agents to schedule closings. Prepares loan documents for closing, audits executed loan packages, coordinates the funding of the loans, scans loan documents, real estate records, titles, mortgages, and other paperwork as needed. Ensures files are compliant with Fannie Mae (FNMA), Federal Housing Administration (FHA), Veterans Affairs (VA), federal and state legal and regulatory requirements, and Kirtland Credit Union policies and procedures. Effectively work with others to achieve individual goals and department goals. Creates exceptional experiences for internal and external members, employees, and third-party providers utilizing effective interpersonal skills. Supports and adheres to the credit union’s mission, vision, strategic objectives, and service standards.

Requirements

Three years of Mortgage Lending or real estate loan processing experience preferred.
Two years of Financial Institution experience helpful, but not required.
Experience with calculating loan to value and debt to income.
Understanding of mortgage loan processing functions, including FHA/VA and conventional lending.
Knowledge of mortgage related requirements, procedures, and underwriting criteria.
Knowledge of applicable regulations.
Knowledge of real estate closing documents, loan products, and lending compliance and Regulations.

Responsibilities

Assumes responsibility for providing effective mortgage loan processing activities.
Provide exceptional member service and experiences to internal and external members, employees, and third-party providers.
Reviews new loan applications and initial disclosures for completion and works with MLO to clarify missing or questionable information.
Act as member’s main point of contact throughout the process, ensuring excellent levels of member service by providing guidance and advice on the mortgage process, in a detailed and comprehensive manner.
Ensures interest rates are correct, locked, and proper documentation exists.
Collects and analyzes third party documentation as necessary for all applications, including but not limited to title work, income verification, flood determination, insurance, and appraisal. Responsible for reviewing and addressing items involving credit, occupancy, title issues, and employment verifications.
Assemble and submit completed file to underwriting; clear manual conditions, cure title issues, and resolve appraisal discrepancies as needed.
Responsible to clear any prior-to-fund conditions that arise after final underwriting.
Perform the role of liaison between KCU and all parties involved in the mortgage transaction, including realtors, appraisers, title Companies, etc. and effectively communicate to provide exceptional experiences.
Review all application documentation to ensure compliance with regulatory requirements Fannie Mae Desktop Underwriting, FHA, VA, FNMA, and KCU lending policy and procedures.
Assure Home Mortgage Disclosure Act (HMDA) information is accurate and complete according to the regulatory requirements.
Assumes responsibility for providing effective mortgage closing and funding functions.
Acts as a liaison between the member and third parties involved in the mortgage transaction, such as realtors and settlement agents (title companies), and the MLO, as necessary and effectively communicate to provide exceptional experiences.
Review title and survey for exceptions, and audit loan document to ensure all underwriting conditions have been met.
Calculate closing figures and coordinate closing of the loan with the member, settlement agency, and any other involved parties.