Sr. Mortgage Processor

Chevron Federal Credit Union•,

2d•$22 - $38•Remote

About The Position

Under general supervision, assists in the processing of real estate loan department activity and assists with coordination of workflow within the loan processing unit. Chevron Federal Credit Union is one of the top-run credit unions in the country – and one of the largest, with $5 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits.

Requirements

3 to 5 years’ related experience required, including direct experience as RE loan processor.
Associate's degree (A. A.) or equivalent from two‑year college or technical school.
Current working knowledge of real estate lending criteria (FNMA, FHLMC) required.
Equivalent combination of education and experience may substitute for stated qualifications.
Ability to write and speak effectively in English using correct spelling and grammar.
Basic math skills including the ability to compute rates, ratios, and percentages using a 10-key.
Proficient in the use of basic applications in a Windows-based environment including Outlook, Word, and Excel. Moderate keyboard skills at 40 wpm.
Excellent customer service skills.
Ability to learn quickly and adapt to change; ability to quickly learn specialized applications and systems.
Initiative and self-direction.
Ability to effectively communicate and collaborate with people at all levels.
Sound problem-solving and decision-making ability, including the ability to prioritize.
Ability to understand and align with our core competencies through daily projects and tasks: Growth Mindset, Diversity & Inclusion, Communication, Change Ready Leadership, Responsibility, Problem Solving, Tech & Data Savvy, CU Business Acumen.

Responsibilities

Reviews file documentation for completeness and consistency with original information as indicated on initial loan application. Assembles, collates and maintains documentation in proper processing order.
Pre-screens loan applications for qualifications consistent with appropriate CFCU policy, procedures, and guidelines. Efficiently manages and monitors a pipeline of assigned loans to hit established target cycle times, COE dates, and minimum loan production levels.
Maintains a weekly status report on all files with the two-day touch process and consults regularly with manager on potential challenges.
Prepares all applicable file documentation, including mailing regulatory disclosures.
Orders preliminary title reports, appraisals, and flood certifications.
Reviews credit reports and verifies other documentation as required.
Communicates loan processing information to members, relationship managers, other processors, closers, and underwriters.
Validates loans using Desktop Underwriting (DU), requests documentation as DU dictates, and verifies and validates input data.
Prepares loans for final underwriting approval and satisfies underwriting conditions.
Secures supervisor’s or manager’s approval, if required.
Completes Loan Data Processing Sheet per file; maintains a weekly status report on all files.
Orders loan documents for closing to coincide with projected closing dates.
Works with member and relationship manager to document income, debt, and credit history.
Requests documents required to complete application such as income tax return, purchase agreement, and property information for verification.
Provides member with all applicable regulatory disclosures after accepting a completed application.
Analyzes potential lending opportunities including consumer loans involved in each lending situation to further assist the borrower as well as increase the Credit Union's lending portfolio. Makes recommendations to relationship manager for potential cross-selling to borrowers.
Answers members’ questions and obtains information and signatures on authorization forms.
Performs follow‑up on pending loan applications, such as calling member or others to obtain needed information, resolve discrepancies, update member on application process and timing, etc.
Other duties as assigned