Mortgage Processor

People's Credit Union • Middletown, RI

4h • Onsite

About The Position

People’s Credit Union fosters a sense of belonging, valuing employees who are genuine, trustworthy, earnest, empathetic, and resourceful. The organization promotes an environment where all voices are heard and respected, encouraging independent work alongside collaborative accountability for growth and development. They are committed to providing professional development opportunities. The Mortgage Processor position is crucial for delivering an exceptional member experience by managing the documentation required for loan processing, including tracking and ensuring the receipt of necessary documents from borrowers.

Requirements

• High School diploma or equivalent
• 6 months to 2 years’ experience in lending practices and procedures
• Good oral and written communication skills
• Strong mathematical and organizational skills
• Working knowledge of Word and Excel
• Must be able to speak clearly and deliver information in a logical and understandable sequence
• Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace
• Must be able to effectively handle multiple, simultaneous, and changing priorities
• National Mortgage Licensing System (NMLS) registration required

Responsibilities

• Evaluates mortgage loan application packages and applies knowledge of loan product parameters, loan policies, documentation requirements and regulations to move loan through processes required to prepare loan for closing
• Orders and tracks receipts of required third party verifications (i.e. appraisals, credit reports, title reports, employment, etc.)
• Prepares and delivers updated disclosures within requisite timeframes
• Prepares application packages for Mortgage Advisors’ review and underwriting
• Interacts with and assists Mortgage Advisors to obtain all necessary supporting documentation for application packages
• Provides loan officers and borrowers with written correspondence pertaining to loan status, approval/denial, and outstanding conditions
• Prepares commitment and adverse action notices
• Monitors assigned loans to ensure timely processing
• Prepares and distributes daily mortgage rate sheet to the Lending Department
• Verifies that all required and outstanding documents have been obtained and approved prior to closing
• Prepares and delivers the Pre-Closing Disclosure and all documentation for mortgage closing
• Performs data entry and ensures accuracy of data base
• Adheres to and demonstrates the behaviors of the Credit Union’s core values; actively works to enhance the member experience throughout the Credit Union
• Performs all duties in line with all Credit Union policies and all state and federal regulations
• Other duties as requested
• Apply for and successfully maintain NMLS registration
• Completion of all assigned trainings per regulations set forth by SAFE Act
• Completion of annual registration renewal process

Benefits

• Health and dental benefits through Blue Cross Blue Shield, plus vision benefits through VSP
• 401(k) and Roth plan with a competitive employer match
• Robust Wellness Program
• Employee Recognition Program
• Fun, food, and events

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 11-50 employees