Sr Mortgage Loan Processor

BECU•Remote, WA, WA

4d•$25 - $46•Hybrid

About The Position

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits? Our “people helping people” philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference. While we’re proud of our history, we’re even more excited about our future. With business and technology transformation on the horizon, there’s never been a better time to be part of BECU. You bring more than your expertise to your role, and that matters here. Your story, perspectives, and lived experiences help shape belonging at BECU and deepen how we connect with and support our employees, our members, and our communities.

Requirements

Bachelor’s degree or equivalent work or education-related experience.
Minimum two years of experience as a mortgage loan processor or underwriter or equivalent with an emphasis on conventional, FHA, VA and Jumbo loan products.
Completion of FHA CHUM’s and VA LAPP and SARR or equivalent seminars.
Successful completion of courses and/or seminars relating to mortgage banking processing and underwriting.
Comply with SAFE Act legislation, which requires annual registration as a Mortgage Loan Originator (MLO).
Proficient math skills, with a high degree of accuracy.
Excellent organizational skills.
Excellent verbal and written skills to effectively communicate.
Demonstrated ability to adapt to changes within working responsibilities regardless of whether the change is driven internally or by market or regulatory changes.
Proficient PC skills (including mortgage software), with the ability to learn new software.
Ability to perform in a multi-tasked environment, with the ability to prioritize tasks within stringent time constraints.
Full-time hours required, with additional hours as necessary.

Responsibilities

Perform all responsibilities in accordance with BECU competencies, compliance, regulatory and Information Protection requirements.
Review Automated Underwriting System (AUS) findings to include all red flags, verification messages/approval conditions. Set up files on loan origination systems. Verify the accuracy and integrity of all loan data entered into the system including but not limited to names, addresses, government monitoring information, loan information (i.e. loan amount, interest, terms, lock-in expiration dates, etc.)
Ensure regulatory requirements are met in processing approved, cancelled, and rejected loan applications while in processing status complete BKI review, COC and the Early CD on all loans moving to closing and subsequently moved for final disposition.
While in processing status complete BKI review, change of circumstance and the early Closing Disclosure on all loans pursuant to TRID.
Meet all lock in expirations dates or process requests for extensions to the applicant's commitments in accordance with Credit Union policy.
Communicate with Loan Officers or Members to ensure member needs are met, provide them with overview of the process and inform the Loan Officer of information necessary to process loan.
Conduct follow up with outside sources for outstanding documentation to ensure receipt within turn-around time standards.
Complete a final evaluation and analysis of the completed loan file and either approve within delegated authority or send the electronic file for underwriting approval. Process the approved and rejected files by communicating oral and underwriting decisions and conditions to the Loan Officers promptly.
Employ prudent judgment to the process of loans utilizing Fannie Mae Desktop Underwriter. Verify income and assets as required in the Desktop Underwriter verification messages and Credit Union policy. Review credit report as needed to address any inconsistencies identified in the Desktop Underwriter findings.
Manage pipeline to reflect accurate closing dates, pursuant to lock expiration, projected close date, appraisal due date, occupancy and state status.
Review title prior to drawing documents to ensure all matters have been cleared and easements are within the investor guidelines. Review flood certification and analyze all documentation received and determine acceptability. Log documents into the computer system and indicate when condition is satisfied.
Work with team in analyzing and solving situations that may arise in the mortgage origination loan process.
Perform additional duties, as may be assigned.