Mortgage Processor/Closer II

PSECU • PA - Remote, PA

8d • Remote

About The Position

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.

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.
• Required 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.

Nice To Haves

• Not Required

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