Mortgage Processor

MCT Credit Union•Beaumont, TX

6d•Onsite

About The Position

Responsible for providing clerical support for all mortgage loan processing activities. Receives, evaluates, and reviews loan applications. Obtains and verifies necessary information and prepares documents needed for underwriting and closing of mortgage loans. Completes necessary reports, schedules closing appointments, and communicates loan status to all involved parties including buyer, seller, realtor, and title company representatives. Assists or refers members as necessary. This position requires a high level of organizational skills to ensure the proper documentation of required information. Efficiency and accuracy, as well as professionalism in communication, are vital to the successful execution of this position.

Requirements

A high school education or GED.
Understanding of mortgage loan processing functions, including FNMA, FHLMC, FHA/VA and conventional lending.
Knowledge of mortgage related requirements, procedures, and underwriting criteria.
One year to three years of similar or related experience.
Good verbal and public relations skills.
Strong typing abilities.
Good basic math skills.
Able to use related computer applications.
Well organized.

Responsibilities

Reviews new loan applications.
Prepares and issues conditional loan approvals for borrowers.
Orders appraisals, credit reports, and title reports. Logs dollar amounts received and verifies employment, salary, assets, and liabilities.
Resolves loan application problems. Assists applicants with addressing credit report problems, low appraisals, low salary levels, and high debt ratios.
Reviews information for completeness and accuracy. Clarifies missing or questionable information. Follows up with outside sources of outstanding documents. Ensures that all necessary items are available for underwriting. Tracks development of information to ensure compliance with underwriting guidelines. Resolves conditions of underwriting. Submits loans for final approval.
Communicates status of loans to buyer, seller, realtor, and title company.
Prepares files for closing. Checks current PR, appraisal, and interest rate lock. Obtains records for homeowner's insurance and flood certification.
Performs necessary post-closing conditions requirements.
Prepares miscellaneous correspondence and status reports.
Establishes and maintains professional business relationships with members and mortgage professionals.
Resolves (or refers) requests and problems promptly and courteously. Answers member loan questions regarding applications in the process of approval.
Keeps members and realtors properly informed of Credit Union policies and procedures. Notifies members of additional information required.
Maintains and conveys the Credit Union's professional reputation.
Establishes and maintains effective coordination and communication with Credit Union personnel and with management.
Assists and supports Mortgage Loan personnel as needed.
Completes reports and records promptly and accurately.
Attends meetings as required.
Keeps management informed of area activities and of any significant problems.
Performs miscellaneous clerical functions as needed.
Keeps work area clean, secure, and well-maintained.
Replaces absent Mortgage Loan personnel as required.
Professionally cross-sells Credit Union services.