Mortgage Processor/Closer II

PSECU • Harrisburg, PA

22h • Hybrid

About The Position

Members Achieve More isn't just a tagline for us, it's part of everything we do! We're looking for passionate individuals to join our team to help us maintain that focus every day. Want to work somewhere that's remained strong for 90 years, that encourages you to learn, grow, and pursue your dreams? If yes, then read on... The Mortgage Processor/Closer will work with Mortgage Originator and Underwriters and Processing and Closing Managers to ensure mortgage loans are processed and closed in accordance with secondary market guidelines and/or Board Policy. They serve as a point of contact for borrowers, realtors, settlement agents and other 3rd parties. Schedule: Monday - Friday, 9:00am -5:00pm, This position will be a hybrid model both in person and remote with minimum of onsite expectation of 40% (Wednesdays and Thursdays at minimum) or as needed, In this position, you will • Processes and closes 1st mortgage loans, and other moderately complex and niche loan types. • Analyze and interpret federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans- conforming and non-conforming. • Assists with training of staff. Supports the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner. • Maintains mortgage pipelines and queues to ensure applications and assignments are being completed timely and accurately and informs supervisor of concerns. • Offers alternative and/or corrective options, when applicable, when loan documentation or terms of loan do not meet underwriting standards. Also, provides detailed comments/rationale on loans to the various mortgage committees when necessary to substantiate the request for approval or denial of a loan. • Performs in-depth review and analysis of appraisals, credit reports, title reports, insurance documentation, income documentation, tax return analysis, asset documentation, commitment letter conditions with little to no supervision. • Must comply with and meet all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365). • Other duties as assigned. In 1934, 22 ordinary people pooled $90 of their own money and formed PSECU, a not-for-profit credit union, to provide a better life for themselves and their families. Since then, PSECU has grown to over $8 billion in assets, more than 590,000 members, and approximately 850 employees. We’ve been recognized by several organizations for our high-quality, low-cost financial products and services, positive member experience, and commitment to helping our Members Achieve More.

Requirements

• High School (Required)
• Minimum 2 years of processing government-backed loans such as FHA, VA, and USDA, or Construction draw loans or any equivalent combination of experience and education.
• Minimum 2 years or longer of secondary market, first mortgage processing and/or closing, or any equivalent combination of experience and education.

Responsibilities

• Processes and closes 1st mortgage loans, and other moderately complex and niche loan types.
• Analyze and interpret federal and state regulations, credit union policy, and secondary market guidelines for all real estate loans- conforming and non-conforming.
• Assists with training of staff. Supports the processing and closing units to ensure mortgage loans are processed in a timely and efficient manner.
• Maintains mortgage pipelines and queues to ensure applications and assignments are being completed timely and accurately and informs supervisor of concerns.
• Offers alternative and/or corrective options, when applicable, when loan documentation or terms of loan do not meet underwriting standards. Also, provides detailed comments/rationale on loans to the various mortgage committees when necessary to substantiate the request for approval or denial of a loan.
• Performs in-depth review and analysis of appraisals, credit reports, title reports, insurance documentation, income documentation, tax return analysis, asset documentation, commitment letter conditions with little to no supervision.
• Must comply with and meet all requirements regarding the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act, 12 CFR 365).
• Other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees